Jimmy Choo, the luxury footwear retailer has announced that it saw its revenue increase by 9.2% at reported currency and 3.8% at constant currency in its first six months.
Figures show that total revenue got to £173.1 million and adjusted EBITDA rose 12.8% to £31.3 million. Other figures show that operating profit grew 42.6% at £25.3 million and pre-tax profit was £6.6 million, whilst retail revenue increased 2.1% on a constant currency to £107.3 million. Also performing well is the men’s category which represents 8% of revenue.
Chief executive, Pierre Denis, commented: "These results represent an excellent performance in the period, with growth and margin expansion leading to improved earnings, further enhancing the brand's track record of delivery in all market conditions.
“This is combined with strong underlying cash flow conversion leading to further positive steps on deleveraging. We have made a good start to the second half and we remain optimistic about our prospects both for this year and for our performance in the future.”
With its new concept stores performing well, despite strong comparatives and disruption from its store development programme, the company has renovated or relocated nine stores.
Chairman, Peter Harf, said: "This is an impressive set of results and it is of great credit to Pierre Denis and his talented teams that they have achieved both growth and margin expansion in such challenging market conditions. The prospects for the business in its 20th year have never looked better and we are confident in its growth prospects and the global opportunity for the brand."
