Home / Knowledge / News / Apparel/Garments / Sports Direct sales surge 22.5% in H1FY'13
Sports Direct sales surge 22.5% in H1FY'13
14
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

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao
Nayaab

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search