Casualwear & skinwear perk up Ted Baker's preliminary results

23 Mar '06

4 min read

“Our multi-channel distribution strategy is providing a strong foundation for our global expansion. We are now carefully launching Ted Baker in Asia and the Middle East through licence agreements and over the next few years the distribution of our brand will extend to a further sixteen countries.”

In 2006 distribution will extend to the Middle East and Asia.

Chairman's Statement - I am pleased to report strong results despite a marked slowdown in the domestic retail economy. Solid growth in our three divisions, retail, wholesale and licensing, resulted in both turnover and profits being significantly up on last year, reflecting the strength of the brand.

Ted Baker continues to make good progress in the United States, with new store openings in Los Angeles and Dallas during the year. Towards the end of the year, we signed three licences to take the brand into a further sixteen countries across Asia and the Middle East. I would like to thank the team at Ted Baker for another successful year for our business.

The Board is pleased to recommend a final dividend of 8.2p per share (2005: 7.3p per share) making a total for the year of 12.1p per share (2005: 10.8p per share) an increase of 12.0% on the previous year, which is in line with our targeted dividend cover of two and a half times.

Chief Executive's Review - It has been another good year for Ted Baker despite a tough UK retail environment. Increased turnover and profit growth demonstrate the resilience of our multi-channel distribution strategy.

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