Ted Baker increases 2012 full year dividend by 13.7%

DividendMax Ltd.

Ted Baker increases 2012 full year dividend by 13.7%

Group revenue up 18.0% to £254.5m

Retail sales up 19.4% to £208.0m

o UK and Europe retail sales up 11.1% to £165.1m

o US and Canada retail sales up 68.3% to £36.7m

Our first retail stores opened in Japan, China and Canada

New retail stores opened in London, New York and Hong Kong

Our first concessions opened in South Korea, Germany and the Netherlands

Wholesale sales up 12.2% to £46.5m

Licence income up 11.5% to £7.5m

Proposed final dividend of 18.7p bringing total dividend to 26.6p, an increase of 13.7%

Second store in China opened in Shanghai since the year end.

Commenting, Ray Kelvin CBE, Founder and Chief Executive, said:

"I am pleased to report another strong performance in what has been a very exciting year for the Ted Baker brand. We have continued to develop our presence internationally with our first stores in Japan, China and Canada and our first concessions in South Korea, Germany and the Netherlands opened during the year.

Since the year end we have opened our second store in China in Shanghai, where we will also open our third store in the middle of the year. Further store and concessions openings are planned across all of our markets.

This strong performance has been achieved despite a challenging and competitive trading environment and is testament to the strength of the brand, our collections and our people. I would like to take this opportunity to thank the entire team for their hard work and Tedication during the year as we continue to build the Ted Baker brand on the world stage."

Companies mentioned