Home / Knowledge / News / Apparel/Garments / Sports Direct sales surge 22.5% in H1FY'13
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

Must ReadView All

Textiles | On 27th Apr 2017

UL joins ZDHC programme

UL Consumer & Retail Services (CRS), a global safety science company, ...

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Interviews View All

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search