Leading fashion brand Ted Baker profit up 20.5% to £16.8m for 52 weeks ended 29 Jan 2005
18 May '05
2 min read
Leading fashion brand for men and women Ted Baker announced its Report & Accounts for the fiscal year 2004/05.
�� Group turnover up by 19.0% to £105.8m (2004: £88.8m) - Retail sales up 16.9% to £71.7m (2004: £61.3m) - Wholesale sales up 23.8% to £34.1m (2004: £27.5m). - Licence income up 28.0% to £3.2m (2004, 53 weeks: £2.5m)
�� Profit before tax up 20.5% to £16.8m (2004: £13.9m)
�� Basic earnings per share up 20.7% at 27.4p per share (2004: 22.7p per share)
�� Final dividend of 7.3p per share, making a total for the year of 10.8p per share, an increase of 12.5% (2004, 53 weeks: 9.6p per share)
�� Closing net funds of £8.9m compared to opening net funds of £5.8m
�� Successful London openings of the new 'World of Ted' store in Regent Street, the Endurance Store in Covent Garden and the 'Best in Show' store in Westbourne Grove
�� Careful retail expansion in the USA progressing well with the launch of two additional stores in San Francisco and Las Vegas
Commenting on the results, Ray Kelvin, Chief Executive, said: "I am delighted to report another excellent year for Ted Baker as reflected in our strong turnover and profit growth over the period. The brand performed well in the UK and overseas as we continued to focus on our key strengths of design, product quality and attention to detail. The current yearhas started well with both retail and wholesale sales ahead of last year and we will continue our careful expansion of the brand through retail, wholsesale and licensing."
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