Ted Baker increases 2013 interim dividend by 20.3%

DividendMax Ltd.

Ted Baker increases 2013 interim dividend by 20.3%

Group Revenue

£155.2m

£118.6m

30.9%

Profit Before Tax, Bonus provision and Exceptional Costs

£12.5m

£9.4m

33.0%

Profit Before Tax and Exceptional Costs

£11.6m

£9.4m

24.3%

Profit Before Tax

£11.6m

£7.8m

49.7%

Adjusted Basic EPS

20.2p

16.8p

20.2%

Basic EPS

20.2p

13.9p

45.3%

Interim Dividend

9.5p

7.9p

20.3%

Retail sales including e-commerce up 30.2% on a 12.4% increase in average square footage

o UK and European retail sales up 22.6% to £91.6m

o US and Canada retail sales up 56.8% to £25.4m

 

o Asia retail sales up 78.6% to £5.0m

E-commerce sales up 51.6% to £9.4m

Planned expansion continued with:

o Two new stores and an outlet in Shanghai, China

o Further concessions with a leading department store in the US and an outlet in Toronto, Canada

o Further concessions in France, Spain, the Netherlands, and an outlet in Belgium

Wholesale sales up 33.4% to £33.2m

Licence income up 7.4% to £4.0m

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

"We have been pleased with the Group's performance across all distribution channels. The last 12 months have seen Ted Baker enter six new international markets and we have been encouraged by the reaction to the brand and collections in these latest territories.

Our results for the full year will, as always, be dependent on the important second half trading period. However, early trading has been positive across the business and we remain focussed on managing the pace of our growth and development of Ted Baker as a global brand.

Our performance is testament to the passion and dedication of the Ted team throughout the world."

For more on Ted Baker go here:

http://www.tedbaker.com/uk/about-ted

Companies mentioned