Ted Baker raises dividend 18.6 per cent as profits jump 20 per cent

Jessica Morris
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Ted Baker London A/W Launch Event
Ted Baker opened its London offices last year (Source: Getty)

The figures:

Group revenue rose 17.7 per cent to £456.2m in the 52 weeks ended 30 January, up from £387.6m a year earlier.

Pre-tax profit jumped 20.3 per cent to £58.7m during this period, up from £48.8m in the year to January 2015.

This was helped by e-commerce sales which swelled 45.8 per cent to £53.5m, up from £36.7m.

The board hiked Ted Baker's dividend 18.6 per cent to 47.8p, up from 40.3p.

Why it's interesting:

Ted Baker continued to buck the trend among retails who have suffered as warm weather kept shoppers off the high street.

The lifestyle brand also bought the quirky King’s Cross offices they call the Ugly Brown Building last year.

What Ted Baker said:

"We have further developed the brand's presence across international markets including first store openings in Amsterdam, Azerbaijan, Hawaii, Mexico and Qatar and we have new openings planned across our markets in the year ahead," Ray Kelvin, founder and chief executive, said.

"The group is continuing to invest in its team and infrastructure to support Ted Baker's stability and long-term growth. This includes the purchase of our iconic central London home at the Ugly Brown Building as well as investment in a new, state-of-the-art European distribution centre in the UK."

In short:

Strong online sales helped propel Ted Baker to a 20 per cent profit increase, allowing the company to hike its dividend by 18.6 per cent.

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