Multichannel music retailer EBTM has increased its revenue 401 per cent to £6.7 million in its full-year results, driven by acquisitions it made last year.

For the full year to April 30, the group posted a pre-tax adjusted operating profit of£1 million, against a loss in the previous year of£473,000. Its online division reported sales up 37 per cent year on year, with own-brand sales making up more than 30 per cent of total online sales.

EBTM has appointed Stephen Walters as chief operating officer. He has worked for several retailers including Dolcis, Jaeger and Early Learning Centre and has also established a retail recruitment consultancy, Bluemonday.

EBTM chief executive Richard Breeden said: “This year has been transformational for EBTM. We have seen strong growth from both our online business and the acquisitions made early in the year. The outlook for our business remains positive, as online retailing is predicted to continue to grow rapidly.”

In May 2007, EBTM bought Core Brands Group, whose main trading subsidiary was Lowlife Corporation. Since the acquisition, EBTM said Lowlife has continued to trade well, with sales up 46 per cent. In July 2007, EBTM bought the intellectual property rights to clothing brand Atticus.

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