Sports Direct International Plc Interim Management Statement (2981F)
February 19 2015 - 2:01AM
UK Regulatory
TIDMSPD
RNS Number : 2981F
Sports Direct International Plc
19 February 2015
19 February 2015
Sports Direct International plc
Interim Management Statement
Sports Direct International plc ("the Group"), the UK's leading
sports retailer, today announces its Interim Management Statement
relating to the period from 27 October 2014 to 18 February
2015.
Current Trading Update
Group sales for the 13 weeks ending 25 January 2015 were up 2.6%
to GBP771.0m (2014: GBP751.6m) and gross profit increased 7.6% to
GBP346.9m (2014: GBP322.3m). (1)
Sports Retail sales in the 13 week period increased 2.7% to
GBP643.2m (2014: GBP626.1m), and Sports Retail gross profit
increased 9.4% to GBP297.2m (2014: GBP271.6m). (1)
Premium Lifestyle sales in the period decreased 0.4% to GBP70.9m
(2014: GBP71.2m) with gross profit decreasing 2.8% to GBP27.6m
(2014: GBP28.4m).
The Brands division revenue increased 4.8% to GBP56.9m (2014:
GBP54.3m), and the corresponding gross profit decreased by 0.9% to
GBP22.1m (2014: GBP22.3m).
There has been no material change in the financial position of
the Group since the end of the most recent reporting period on 26
October 2014.
(1) Sales and gross profit of Sports Eybl & Sports Experts
AG and Sportland International Group AS, which were acquired on 26
June 2013 and 12 August 2013, are included in both the current
period figures and in the prior period.
Dave Forsey, Chief Executive of Sports Direct International plc,
said:
"As we highlighted at our interim results in December, trading
has been in line with management's expectations. Within Sports
Retail we continue to focus on upgrading our store portfolio and
integrating our business in Austria where a weak Winter sports
season across Europe has proved challenging.
"While we retain the ability to invest in margin, inventory and
group marketing to deliver long term sustainable growth, the Board
is very confident of achieving at least our full year internal
underlying EBITDA target of GBP360m, before the charge for the
Employee Bonus Share Schemes."
The Group's Preliminary Results (for the year ending April 2015)
will be announced on 16 July 2015.
For further information, please contact:
Sports Direct International plc T. 0845 129 9229
Dave Forsey, Chief Executive
Powerscourt T. 0207 250 1446
Rory Godson
Victoria Palmer-Moore
Greg Lawless
Notes to Editors
Sports Direct is the UK's leading sports retailer by revenue and
operating profit, with approximately 400 stores across the UK. The
Group provides an unrivalled range of products, offering
exceptional quality and unbeatable value, from a wide variety of
third-party and Group-owned brands, both in-store and online.
Sports Direct now operates in 20 countries in Europe.
For more information please visit: www.sportsdirectplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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