REDgroup Retail FY09 EBITDA up 301%

Thursday, 29th October 2009; REDgroup Retail Pty Ltd today announced a 301% increase in financial year 2009 earnings, despite tough economic conditions.

REDgroup reported FY09 EBITDA of $ 42.4 million, compared to $ 14.1 million in FY08. This result is before one‐off costs of $ 21.4 million are accounted for, including $ 12.6 million associated with the integration of Borders into the REDgroup business.

PRESS RELEASE: REDgroup Retail FY09 Results