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MYER MY STORE 12 August 2021 TRADING UPDATE FOR FY211 Myer Holdings Limited ( ASX : MYR ) today provided a trading update based on preliminary , unaudited results ( pre - AASB16 ) for the 53 weeks to 31 July 2021 ( FY21 ) . Myer expects to return to second half NPAT2 profitability for the first time since 2H FY17 , despite significant COVID - 19 impacts . Preliminary unaudited FY21 results ( pre - AASB 16 ) ² include : • • • • • Total sales³ up 5.5 % to $ 2,658.3 million compared to FY20 ; 2H FY21 total sales³ up 38.3 % compared to 2H FY20 ; Group online sales up 27.7 % to $ 539.5 million representing 20.3 % of total sales³ ; EBITDA² between $ 174 million and $ 179 million , compared to $ 93.5 million in FY20 , and $ 160.1 million in FY19 ; 2H FY21 NPAT² between $ 4 million and $ 7 million ; and NPAT² between $ 47 million and $ 50 million , compared to a net loss after tax² of $ 11.3 million in FY20 and NPAT² of $ 33.2 million in FY19 . The FY21 preliminary results were negatively impacted by widespread state lockdowns , several periods of store closures , and travel restrictions , particularly in Q1 FY21 and Q4 FY21 . Balance Sheet Myer finished the year in a positive net cash position of approximately $ 112 million compared to $ 8 million at the end of FY20 with significant headroom in all of its debt covenants . Myer has also agreed with its financiers an extension of its syndicated finance facility to November 2022 ( subject to formal documentation ) to enable an orderly longer - term refinancing , consistent with our strategic objectives . Management will continue to conduct finalisation and verification activities in the coming weeks and the FY21 results remain subject to audit and final Board approval . Myer anticipates releasing its FY21 final results during September 2021 following Board approval and completion of the audit . CEO John King commented : " Our Customer First Strategy continues to gain momentum , delivering a significantly improved full year profit result , despite the ongoing COVID impacts in FY21 . We will provide further detailed commentary at our audited results announcement in September . " 1 Preliminary , unaudited , management results ( pre - AASB16 ) . 2 Excluding Individually Significant Items and implementation costs . Including revenue from concession sales . 4 Group online sales includes sass & bide and Marcs and David Lawrence . Excludes sales via in - store iPads . Myer Holdings Limited ABN 14 119 085 602 Level 7 , 800 Collins Street , Docklands , VIC 3008 1