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Sports Direct sales surge 22.5% in H1FY'13
Dec '12
Sports Direct International plc declared interim results for the 26 weeks to 28 October 2012
Key highlights:
• Group Revenue up 22.5% to £1,088.9m with significant growth across all divisions
• Sports online sales growth of 54% - now representing 12.5% of total Sports Retail sales (2012 H1: 9.5%)
• Group Underlying EBITDA up 17.2% to £163.2m (2012 H1: £139.2m)
• Underlying free cash generation of £143m
• Opened in four new European countries
• Acquisition of the Flannels Group for the Premium Lifestyle division
• Invested in inventory and acquisitions while maintaining a strong balance sheet
• Phase 2 of the Shirebrook expansion now fully operational
Dave Forsey, Chief Executive of Sports Direct International plc said:
"The first half has been another record period for Sports Direct with the London 2012 Olympics and Paralympics playing a significant part in the Group's strong results. There is no doubt that Team GB's outstanding performance has helped increase the awareness and popularity of sport across the UK, and that we have maintained our position as the consumers' champion.
"The Group continues to deliver growth across its divisions and we have maintained our investment in margin, inventory and extra group marketing, while also investing for future growth, particularly in our International and e-Commerce divisions."As stated in October, the Board remains confident of reaching our full year targeted underlying EBITDA of £270m (before the charge for the Bonus Share Schemes)."

Sports Direct

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