Highlights

Financial Highlights

Group revenue

+19.6%

£430.9m

(2013: £360.4m)

Group Revenue

Underlying1 group profit before tax

+18.8%

£62.0m

(2013: £.52.2m)

Group Profit Before Tax

Underlying1 group operating profit margin

-10 bps

14.3%

(2013: 14.4%)

Group Operating Profit

Year end net cash

+58.2%

£86.2m

(2013: £54.5m)

Year End Net Cash

Profit before tax

-12.7%

£45.2m

(2013: £51.8m)

Basic earnings per share

-23.9%

34.0p

(2013: 44.7p)

Underlying1 basic earnings per share

+21.3%

58.0p

(2013: 47.8p)

Operating profit margin

-390 bps

10.5%

(2013: 14.3%)

Group gross profit margin

+140 bps

59.7%

(2013: 58.3%)

Operational Highlights

Approximately

100,000

square feet of space opened

UK and European store portfolio

633,000

square feet

International franchised and licensed stores up to

208

Total of

18

Superdry websites worldwide

New merchandise management system implemented

New distribution centre operating successfully

  • German agent and franchise partner bought out and seven stores acquired as part of the deal.
  • Spanish distributor bought out and ten El Corte Ingles department store concessions rolled out.
  • Strong pipeline of space for FY15, mostly in Europe.

1Underlying is defined as reported results adjusted to reflect the impact of the gain/loss recognised on re-measurements (being the fair valuation of deferred contingent share consideration and financial derivatives), exceptional items and, when appropriate, the related income tax. The directors believe that the underlying results provide additional guidance to statutory measures to help understand the performance of the Group. Further details of the adjustments are included in note 13. All references to underlying are after making these adjustments. Retail and Wholesale segments are presented before inter-segment royalties.