Group 'well positioned'
Ted Baker defies high street woes with profit rise
Defiant: Ted Baker is still in growth mode
Fashion chain Ted Baker defied the troubles of its rivals to report another year of profits growth.
Full-year pre-tax profit rose 12.3% to £68.8 million on revenue 11.4% higher at £591.7m.
The company does not provide like-for-like sales figures, which strip out revenue from new shops opened during the reporting period.
However, it revealed the growing impact of online shopping with e-commerce sales up 39.8% to £101.1m.
It is proposing a final dividend of 43.5p bringing the total dividend to 60.1p, an increase of 12.1%.
Ray Kelvin, Ted Baker’s founder and chief executive, said: “Although we anticipate external trading conditions will remain challenging across many of our global markets, the strength of our brand and business model mean that we remain well positioned to continue the group’s momentum and long-term development.
“We have a clear strategy for growth across both established and new markets which is underpinned by our controlled, multi-channel distribution as well as the design, quality and attention to detail that are at the heart of everything we do.”