Home / Knowledge / News / Apparel/Garments / SuperGroup revenue lifts 19.6% for year ending April 26
SuperGroup revenue lifts 19.6% for year ending April 26
10
Jul '14
SuperGroup Plc has reported a strong financial performance for 2014, delivering a 19% increase in underlying profit before tax to £62.0m. Group revenues are up 20%, cash generated from operations has increased 68% and the Group has £86.2m of cash on hand at the balance sheet date. 
 
Financial Highlights
-Group revenue up 19.6% to £430.9m
-Group gross margin up 140 basis points to 59.7%
-Underlying profit before tax up 18.8% to £62.0m
-Underlying earnings per share of 58.0p (2013: 47.8p)
-Basic earnings per share of 34.0p (2013: 44.7p)
-Net cash generated from operations of £64.3m (2013: £38.3m) 
-Year-end net cash position up 58% to £86.2m (2013: £54.5m)
 
Operational Highlights
-Opened around 100,000 square feet of trading space taking the UK and European retail portfolio to 633,000 square feet (+18%), in-line with guidance.
-Net increase of 46 international franchised and licensed stores during the year taking the total to 208 (2013: 162).
-Retail sales growth of +17.7%; LFL sales growth of +3.2%.
-Wholesale sales growth of +23.3% in-line with the order books (2013: +7.4%).
 
Strategy Highlights
-Germany: Bought-out the agency operation and acquired seven franchise stores giving the Group the rights to open its own retail stores.
-Spain: Bought-out the Spanish agency and subsequently opened 10 El Cortes Ingles concessions. Further progress made on building a stronger wholesale platform.
-Post balance sheet event: Acquired SMAC Group, the Group’s long term Scandinavian distributor. 
-New central warehouse operation in Burton upon Trent opened and operating successfully. 
-New merchandise management system, HR and payroll systems implemented and a new point of sale system currently being rolled out throughout the estate.
 
As part of the previously announced investment programme the Group incurred £9.1m of pre-tax exceptional items, the majority of which relates to costs associated with the new warehouse and the deals concluded in Germany and Spain. In addition there were £7.7m of non-cash re-measurements. 
 
Julian Dunkerton, Chief Executive Officer, commented, ''We have delivered a solid performance over the past year, with profits3 up 19%, whilst managing the transition to our new distribution centre and the implementation of the merchandising management system. With a strong pipeline of new stores, particularly in mainland Europe, we are well positioned for further profitable growth in the year ahead. The strength of the Superdry brand and the investment we have made in our business leaves me confident in our ability to implement and deliver the growth strategy."
 

SuperGroup Plc


Must ReadView All

Textiles | On 4th May 2016

Vietnam’s textile industry looks beyond 2020

After it overtook the export target with five years to spare,...

Textiles | On 4th May 2016

NRDC inks agreement with silk houses in West Bengal

The National Research Development Corporation (NRDC), entered into...

Apparel/Garments | On 4th May 2016

Jabong launches Asics Tiger brand in India

Online fashion portal Jabong has announced its partnership with...

Interviews View All

J.C.Soni
BSL Suitings

Why is Bhilwara an ideal location for the manufacture and export of poly...

Nick Preston
Hardy Amies

What are the popular apparel fashion trends in UK? Why do you think is the ...

Stephan Hohmann
HANRO

What are the major changing trends in the global fashion market and the...

Giorgio Mantovani
Corman S.p.A

<b><i>Giorgio Mantovani, MD of Corman, with a presence in both Milano and...

Mr. Dave Hill
Technical Absorbents (TAL)

An honours graduate in Chemistry, Dave Hill began his career working for...

Avi Bash

Avi Bash is an Independent Nonwovens Sales & Marketing Consultant with...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search