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Annual Results

Jimmy Choo adjusted earnings rise

02 March 2017 07:26

Jimmy Choo, the British luxury brand specialising in shoes and accessories, saw accelerating retail growth and margin expansion in the year to the end of December.

Revenues rose to £364,0m from £317.9m and adjusted EBITDA grew by 15.7% to £59.0m, driven by strong sales growth, margin improvement and lower growth in overheads.

Adjusted EBITDA margin rose by 20 bps to 16.2%.

Operating profit was up 42.6% at £42.5m.

Chief executive Pierre Denis said: "2016 was a landmark year for Jimmy Choo. Not only did we successfully celebrate 20 years of heritage but record revenues and profitability are testament to the growing appeal and strength of our brand.

"We will continue to deliver on our long term strategy of growth through the creative and innovative development of our collections and the sustained expansion of our distribution network, particularly in areas such as Asia where we remain underpenetrated.

"I would like to thank all my colleagues for their hard work this year in delivering this excellent performance."

Story provided by StockMarketWire.com

Related Company: CHOO

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