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
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 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Karan Arora
Karan Arora

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search