Sweaty Betty is back in profit for the first time in several years, its new accounts for 2024 filed at Companies House show.

The London-based brand reported turnover down to £140.4 million from £144.2 million last year, although the cost of sales also fell. Gross profit rose to £74.5 million from £71.3 million and EBITDA was up to £7.48 million from a loss of £4.52 million a year earlier.

The company swung to an operating profit, making £3.57 million this time after a loss of £11 million in the prior year. And profit before tax was £1.5 million, much better than the £13.4 million loss of the previous year. The company managed a net profit of £0.57 million this time compared to a loss of £10.55 million the year before.

UK turnover declined to £111 million from £116.4 million and US turn

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