Highlights of our FY19 results

  • Group revenue +17.2% to £218.0m
    • UK +13.3%, International +43.5%
    • Revenue up 13% on comparative basis*
  • Underlying PBT +19.4% to £15.5m
    • Profit growth ahead of revenue growth
  • Net cash £5.8m, +£5.8m on prior year

*When adjusted for the transition of two large UK wholesale accounts to the retail concession model

5 Year History

Underlying £millionFY15
53 weeks
FY16
52 weeks
FY17
52 weeks
FY18
52 weeks
FY19
52 weeks
Revenue by channel
E-Commerce25.830.138.949.878.7
Stores52.458.268.375.075.9
Wholesale31.637.244.755.557.1
E-commerce % Retail30.6%32.1%34.8%38.4%49.5%
International % total9.1%10.1%11.5%13.1%16.1%
Gross margin %53.3%53.5%55.4%55.7%54.8%
Operating margin %4.9%6.1%6.6%7.2%7.2%
Return on invested capital21.6%29.8%39.4%34.1%30.5%
Profit before tax5.37.510.113.015.5
EPS - Basic (pro forma)4.8p6.9p9.2p11.8p14.1p
Net cash/(debt)(6.5)3.26.30.05.8