Highlights:
|
|
2017 |
2016 |
Change |
|
|
|
|
|
|
Group Revenue |
£531.0m |
£456.2m |
16.4% |
|
Profit Before Tax and Exceptional Items |
£65.8m |
£58.7m |
12.1% |
|
Profit Before Tax |
£61.3m |
£58.7m |
4.4% |
|
Adjusted EPS |
114.0p |
100.6p |
13.3% |
|
Basic EPS |
105.7p |
100.6p |
5.1% |
|
Total Dividend |
53.6p |
47.8p |
12.1% |
· Group revenue up 16.4% (10.8% in constant currency) to £531.0m
· Retail sales up 15.0% (9.2% in constant currency) to £400.7m
o UK and Europe retail sales up 10.7% (8.4% in constant currency) to £279.5m
o US and Canada retail sales up 28.3% (13.0% in constant currency) to £103.4m
o E-commerce sales up 35.1% (32.3% in constant currency) to £72.3m
· Wholesale sales up 20.9% (15.9% in constant currency) to £130.3m
· Licence income up 26.8% to £18.2m
· Proposed final dividend of 38.8p bringing total dividend to 53.6p, an increase of 12.1%
Ray Kelvin CBE, Founder and Chief Executive, said:
“I am pleased to report another good year of progress in Ted Baker's expansion as a global lifestyle brand. We have continued to trade well and develop despite a backdrop of on-going external challenges across our global markets. This success reflects the strength and appeal of the brand as well as the outstanding quality of our collections.
Our Spring/Summer collections have been well received and we have a clear strategy for continued growth across both established and newer markets. This is underpinned by controlled distribution across channels as well as the design, quality and attention to detail that are at the core of everything we do.
The success of the Ted Baker brand is testament to the skill and talent of our commitTED teams across the globe. I would like to take this opportunity to thank them for their hard work during the year. The Group's business model as well as the strength of the brand, our team and collections support confidence in Ted Baker's further development and growth.”