Highlights

Financial highlights

20122011Growth
Group revenue£m313.8237.9+31.9%
Group gross profit margin%57.055.8+120bps
Profit before tax ("PBT")£m51.447.3+8.7%
Underlying1 PBT£m42.850.2-14.7%
Basic earnings per share ("EPS")pence45.037.9+18.7%
Underlying1 basic EPSpence38.145.2-15.7%
Year end net cash£m30.932.2-4.0%

Group consolidated revenue

£m

£313.8m

Underlying1 Group PBT

£m

£42.8m

Underlying1 Group operating

margin %

13.6%

Closing net cash

£m

£30.9m

Operational highlights

  • 31.9% growth in revenue despite operational challenges.
  • 26 new standalone stores opened in the UK and Europe, including one relocation, taking the total to 103 (2011: 78).
  • UK like-for-like sales (including internet) +2% on the year.
  • International expansion: 48 franchised and licensed stores opened during the year, with two closures, taking the total to 101 stores (2011: 55).
  • Internet continues to grow strongly and now contributes 10% of Group revenue (2011: 8%).
  • Management team strengthened by key, high calibre appointments.

Notes:

  1. Underlying results have been adjusted to reflect the impact of the gain/loss recognised on fair valuing deferred consideration, financial derivatives and exceptional items. In addition, the prior periods have been adjusted to reflect the impact of the revaluation of inventory within SuperGroup Europe BVBA at acquisition (IFRS 3 revised requirement) and the impact of including the prior year's freight and duty costs into inventory. All references to underlying in this statement are after making these adjustments. Retail and Wholesale are presented before Group overheads and royalties unless stated otherwise.

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