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Casualwear & skinwear perk up Ted Baker's preliminary results

23
Mar '06

Fashion designer Ted Baker released the preliminary results for the 52 weeks ended 28 January 2006.

- Group revenue up by 11.4% to £117.8m (2005: £105.8m)
- Retail sales up 11.7% to £80.1m (2005: £71.7m)
- Wholesale sales up 10.8% to £37.8m (2005: £34.1m)
- Licence income up 9.4% to £3.5m (2005: £3.2m)
- Profit before tax up 12.9% to £18.4m (2005: £16.3m)
- Basic earnings per share up 14.2% to 30.6p per share (2005: 26.8p per share)
- Proposed final dividend of 8.2p per share, (2005: 7.3p per share) making a total for the year of 12.1p per share, an increase of 12.0% (2005: 10.8p per share)
- Continued US expansion with the successful launch of our 'Best in Show' store in Los Angeles in June and our Dallas store in November
- First Asian territorial licence signed with the Li & Fung Group of Companies in October for retail distribution of the Ted Baker brand and wholesale distribution of certain collections in Hong Kong, Macau, China, Taiwan and South Korea
- Second Asian territorial licence and Middle East licence signed in December with RSH Limited for retail distribution of the Ted Baker brand in Singapore, Malaysia, Thailand, Indonesia, UAE, Saudi Arabia, Bahrain, Qatar, Oman, Kuwait and Lebanon

Commenting on the results, Ray Kelvin, Chief Executive, said: “We are pleased to report another year of international success for Ted Baker despite a tough domestic retail environment. Design, product quality and attention to detail continue to drive the performance of the brand.”

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