Ted Baker increases its 2015 full year dividend by 18.6%

DividendMax Ltd.

Ted Baker increases its 2015 full year dividend by 18.6%

Group revenue up 17.7% (17.0% in constant currency) to £456.2m

Retail sales up 13.5% (13.2% in constant currency) to £348.4m

o UK and Europe retail sales up 8.9% (10.7% in constant currency) to £252.5m

o US and Canada retail sales up 27.3% (20.6% in constant currency) to £80.6m

o E-commerce sales up 45.8% (44.7% in constant currency) to £53.5m

Wholesale sales up 33.6% (31.2% in constant currency) to £107.7m

Licence income up 23.3% to £14.4m

Proposed final dividend of 34.6p bringing total dividend to 47.8p, an increase of 18.6%

Freehold purchase of "The Ugly Brown Building" completed

Agreement signed for the lease of a new distribution facility in the UK, which will serve as the Group's European Distribution Centre

Ray Kelvin CBE, Founder and Chief Executive, said:

"I am pleased to report another year of strong progress in Ted Baker's continued development as a global lifestyle brand. We have again traded very well - despite an uncertain backdrop in some of our markets - which is testament to the strength of the Ted Baker brand as well as our unwavering focus on quality, design and attention to detail.

We have further developed the brand's presence across international markets including first store openings in Amsterdam, Azerbaijan, Hawaii, Mexico and Qatar and we have new openings planned across our markets in the year ahead.

The Group is continuing to invest in its team and infrastructure to support Ted Baker's stability and long-term growth. This includes the purchase of our iconic Central London home at the Ugly Brown Building as well as investment in a new, state-of-the-art European distribution centre in the UK. 

The strength and success of Ted Baker is underpinned by the skill, talent and 'pashion' of our global team. I would like to take this opportunity to thank all of my colleagues for their hard work and commitment during the year and we look forward with continued confidence as we further develop Ted Baker across the world."

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