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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.”
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