Analyst Research Report Snapshot

Title:

DEBENHAMS - TILLS STILL RINGING

Price:

$10.00

Provider:

Edison Investment Research

Date:

23 Apr 2009

Pages:

2

Type:

AcrobatPDF

Companies referenced:

DEB.L

Available for Immediate Download
Summary:

The strong cash generation demonstrated in H1 has given comfort that the servicing and eventual unwinding of the debt is feasible without short-term recourse to the market. Gross transaction value up 6.1% and like-for-like sales growth of 1.9% over the seven weeks since 28 February is a very good result given the continuing weak retail environment. The UK consumer is not out of the woods yet, though, and the group may struggle to continue to push the gross margin at the rate it has. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 3077 5713 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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