Published On: Wed, Dec 16th, 2015

Supergroup PLC Announces Maiden Dividend & Strong Trading Results


Superdry is now based in 51 countries and has 613 stores globally.

SuperGroup Plc (LON:SGP), the owner of British global lifestyle brand Superdry released its interim results for the 26 weeks ended 24 October 2015 on Wednesday with highlights including strong trading performance with Group revenue up 22.3% and the company announcing its maiden interim dividend of 6.2p.

The company saw total group revenue for the 26 week period jump to 254.7 million from 208.2 million (+22.3%) in the prior period whilst underlying profit before tax was up 54.4% to £19.3m from £12.5m.

Euan Sutherland, Chief Executive Officer of Supergroup PLC said:

“SuperGroup has made good progress in realising its strategic objectives in the first half and has delivered profitable growth, while continuing to invest in the business. Central to this is the ongoing process to get ever closer to our customers who clearly appreciate the product innovation that is widening the Superdry offer.

“With a successful first half completed, the business is well placed for the significant peak trading period. Whilst comparatives in the second half are more challenging, the development of Superdry into a global lifestyle brand is proceeding with pace and this, together with the strength of our product offer and increasing efficiency, will enable us to deliver long-term sustainable growth.”

The company kept its full year guidance inline with analyst expectations with a profit before tax consensus of £72.1 million for FY16.

The board announced an interim dividend of 6.2 pence per share (c.£5.0 million) on 5 February 2016 to shareholders on the register on 22 January 2016. The company said their dividend policy acknowledges their confidence in the Superdry brand as well as their ability to deliver sustainable profitable growth, cash generation and return on capital for investors.

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