Mothercare’s FY22 results are at the top end of expectations and current trading, ex Russia, is ahead of last year. Mothercare continues to strengthen its balance sheet and FCF should remain positive, despite the loss of half of group EBITDA from the exit from Russia. The pension deficit continues to shrink and a revised contribution plan reduces payments by £30m over the next five years. Mothercare has also extended the Gordon Bros loan by 12 months, albeit on slightly worse terms, but it is a ....
13 Sep 2022
Mothercare - Balance sheet strengthened despite tough trading
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Mothercare - Balance sheet strengthened despite tough trading
Mothercare plc (MTC:LON) | 5.6 0 0.0% | Mkt Cap: 31.4m
- Published:
13 Sep 2022 -
Author:
Michael Clifton | Nigel Parson -
Pages:
4
Mothercare’s FY22 results are at the top end of expectations and current trading, ex Russia, is ahead of last year. Mothercare continues to strengthen its balance sheet and FCF should remain positive, despite the loss of half of group EBITDA from the exit from Russia. The pension deficit continues to shrink and a revised contribution plan reduces payments by £30m over the next five years. Mothercare has also extended the Gordon Bros loan by 12 months, albeit on slightly worse terms, but it is a ....