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

Fashion | On 28th Jul 2016

Gildan acquires Peds for $55 million

Montreal-based family apparel marketer Gildan Activewear Inc....

Information Technology | On 28th Jul 2016

E-com can generate 12 mn jobs in India

E-commerce has the potential to add 12 million of the 80 million new...

Textiles | On 28th Jul 2016

Odisha wants SPV rule for textile parks relaxed

The one third textile entrepreneur stipulation in forming SPVs or...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

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

Karan Arora
Karan Arora

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

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
June 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search