Dr Martens reports £28.7 million loss – London Business News | Londonlovesbusiness.com

Dr Martens the bootmaker has reported an 18% fall in revenues to £324.6 million in their half year results which was in line with expectations.

The bootmaker reduced their top line figure along with exceptional charges of £92 million due to their cost saving plan.

This led to an adjusted loss of £17.9 million and the bottom line stands at £28.7 million.

Kenny Wilson, who is stepping down as chief executive, said, “This is a year of transition and we have made good progress with our four main objectives.”

They added, “Encouragingly, trading has been driven by good direct-to-consumer sales of new products supported by our new product-led marketing approach.”