LONDON (ShareCast) - (Sharecast News) - Fast-fashion brand Quiz reported a 12% increase in full-year revenue on Thursday as it said it will continue to "work productively" with Debenhams.
In a post-close update for the year to the end of March 2019, the group said revenue rose to £130.9m from £116.4m the year before, and it continues to expect earnings before interest, tax, depreciation and amortisation to come in at around £4.5m for the year.

"The Quiz brand continues to benefit from the group's omni-channel model with continued expansion, particularly online and across targeted international markets," it said.

Online revenue was 34% higher on the year at £41m, while international sales increased 8% to £23m. In UK stores and concessions, meanwhile, sales were 4% higher at £66.9m.

Quiz said the growth in international sales reflects continued growth from its franchise business and the impact of opening three standalone stores in Spain during the previous year.

Also on Thursday, Quiz noted the news earlier this week that Debenhams has gone into administration but the underlying operations will continue to trade as normal, pointing out that activities from Debenhams concessions represented 23% of overall revenues in FY19.

The company operates 108 Debenhams concessions in the UK and 11 in the Republic of Ireland and also sells its product through the Debenhams website.

"We look forward to continuing to work productively with Debenhams going forward", the company said.

At 1010 BST, the shares were up 8.6% at 18.89p.

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