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Annual Results

SuperGroup's FY pretax profit slips lower

14 July 2016 07:44

SuperGroup's FY pretax profit has slipped lower to £55.4m, from a profit of £59.5m. Revenue was £597.5m, from £486.6m.

The company's FY ordinary dividend was 23.2p a share, and the special dividend was 20p a share.

CEO Euan Sutherland commented:

"SuperGroup has made significant progress this year, delivering double digit growth in sales and profits, while maintaining momentum against all the elements of our strategy to build a global lifestyle brand.

"We are reaching more customers with a greater breadth of product and were delighted with the positive reaction to our Womenswear offer and the innovations through Superdry Sport and the premium Idris Elba range.

"Our commitment to deliver long-term sustainable growth is clearly evidenced by the 75 per cent increase in our mainland European store footprint and our continued investment in infrastructure to support our growth plans.

"Looking forward, notwithstanding the current economic uncertainty, we remain well placed: We have a healthy committed new store pipeline in multiple geographies; are making good early progress in the USA and China; have clear e-commerce momentum and look forward to delivering the full-year impact from our product innovation.

"The Group is financially strong and readily able to fund our planned investment programme and our progressive dividend."

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