SUPERDRY clothes chain owner
The group's revenues rocketed 19.6 per cent to £430.9m with profits reaching £62m during the twelve months to 26 April.
"We have delivered a solid performance over the past year, with profits up 19 per cent, whilst managing the transition to our new distribution centre and the implementation of the merchandising management system," said chief executive
Over the past year,
"With a strong pipeline of new stores, particularly in mainland Eur-ope, 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," Dunkerton added in a statement.
Its German and Spanish acquisitions, as well as opening a new warehouse in Burton-upon-Trent, saw the group incur £9.1m in exceptional items during the year.
"International growth opportunities will provide the major sources of expansion for the group," said chairman
"The buy-out of the distributor in
The firm's share price remains down nearly 40 per cent from the start of April, when
ANALYST VIEWS By Oliver Smith WHAT DID YOU MAKE OF SUPERGROUP'S FULL YEAR RESULTS? KATE CALVERT INVESTEC With 2014 having been a year of infrastructure investment, we expect the operational benefits to start being felt in 2015. We see material growth opportunities not only to maximise
JOHN STEVENSON PEEL HUNT With management time and focus targeted largely on delivering the warehouse move and system changes over the past year, we believe performance will benefit from a shift in emphasis back onto growth. 2015 expected cash of £125m+ suggests shareholder returns will come sooner rather than later.
FREDDIE GEORGE CANTOR FITZGERALD Having almost halved in value over the last quarter, the stock, which has been the worst performing retail stock in
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