Outdoor and casual clothing specialist Regatta has filed its latest accounts, as has outdoor-wear specialist Craghoppers, which is part of the wider Regatta group.

Looking at Regatta’s results first, the company that operates the Regatta Great Outdoors, Dare2B and Regatta Professional brands, saw turnover and profits dipping as a result of investment in and disruption caused by the implementation of its new ERP system that should set it up for a more profitable and efficient future. Profit was also affected by non-recurring exceptional costs of almost £2.37 million in relation to the simplification of its operations.

Despite this, it still managed to achieve turnover of £286.2 million during the year, Down only slightly from the £289 million of the previous 12 months.

Underlying EBITDA was £15.87 million, down from £20.2 million. Group operating profit for the year fell to £8.8 million from £15.9 million and profit after tax was £6 million. Net profit in the previous year had been £4.9 million.

Meanwhile net debt was slashed from £31.9 million to only £15.1 million.

As for Craghoppers, it  saw strength in the 12 months to the end of January with its latest set of accounts showing an 8.8% increase in turnover to £41.7 million.

Operating profit increased substantially from £197,000 a year ago to reach £2.98 million this time. Pre-tax profit rose to £2.5 million from a loss of £0.95 million and net profit was £1.97 million after a loss of £0.62 million in the previous year. At the same time, its net debt fell from £6 million to just £1 million.

And the company said its performance was especially strong via digital channels, demonstrating its ability to provide excellent customer service and an omnichannel offering.