Underlying1 group profit before tax
Underlying1 group operating profit margin
Year end net cash
Profit before tax
Basic earnings per share
Underlying1 basic earnings per share
Operating profit margin
Group gross profit margin
square feet of space opened
UK and European store portfolio
International franchised and licensed stores up to
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.