UK's Debenhams rises on deeper cost cuts, upbeat FY27 EBITDA outlook

Boohoo

30/03/2026 08:53

** Debenhams DEBS.L gains 6.7% to 18.5p

** Co forecasts double-digit adjusted EBITDA growth in FY27; RBC estimates ~10% y/y growth

** Fixed cost exit rate fell to 119 mln pound ($157.6 mln) from 175 mln pound at FY26 start, beating February guidance of 130 mln pound; targets 100 mln pound in FY27

** Delivers 36% y/y jump in FY26 adjusted EBITDA, driven by 76% surge in H2 adjusted EBITDA

** YTD, DEBS gains ~18.9%

($1 = 0.7549 pounds)

 (Reporting by Judes Joseph in Bengaluru)

 ((judes.joseph@thomsonreuters.com;))