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Annual Results

Ted Baker hikes FY profit

17 March 2016 07:25

Ted Baker has hiked its FY pretax profit by 20.3% to GBP58.7m, from GBP48.8m, with total dividend surging 18.6% to 47.8p, from 40.3p. This as revenue hit GBP456.2m, from GBP387.6m.

CEO Ray Kelvin said the results showed a year of strong progress in Ted Baker's continued development as a global lifestyle brand.

"We have again traded very well - despite an uncertain backdrop in some of our markets - which is testament to the strength of the Ted Baker brand as well as our unwavering focus on quality, design and attention to detail.

"We have further developed the brand's presence across international markets including first store openings in Amsterdam, Azerbaijan, Hawaii, Mexico and Qatar and we have new openings planned across our markets in the year ahead.

"The Group is continuing to invest in its team and infrastructure to support Ted Baker's stability and long-term growth. This includes the purchase of our iconic Central London home at the Ugly Brown Building as well as investment in a new, state-of-the-art European distribution centre in the UK.

"The strength and success of Ted Baker is underpinned by the skill, talent and 'pashion' of our global team. I would like to take this opportunity to thank all of my colleagues for their hard work and commitment during the year and we look forward with continued confidence as we further develop Ted Baker across the world."

Story provided by StockMarketWire.com

Related Company: TED

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