Half Year 2020 Next PLC Earnings Presentation Transcript
Well, good morning, ladies and gentlemen. Welcome to the NEXT presentation. Almost exactly 6 months ago, I was talking to you and although we didn't know it, only days away from shutting all of our stores and a few more days away from shutting all of our warehouses. At that point in time, our biggest concern, in fact, our only real concern, was making sure that we had enough cash to get through the pandemic. I'm pleased to say that we are a long way from there now both in time and in terms of the business' performance. We're no longer worried about the financial stability of the business. And in the first half, somewhat to our surprise, we've delivered a small profit.
Now people are always slightly skeptical when they see a small profit and naturally will think, "I wonder how they've jiggled the numbers
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