375
Fashion Jobs
SHISEIDO
FP&A Manager (Korean Only)
Permanent · SEOUL
AESOP
Aesop Hanam Starfield - Retail Consultant
Permanent · HANAM-SI
ADIDAS
Senior Specialist, Buying & Trading, E-Commerce
Permanent · SEOUL
ADIDAS
Manager, Personalization & Apps, E-Commerce
Permanent · SEOUL
ADIDAS
Senior Manager, Legal Counsel, Legal
Permanent · SEOUL
HENKEL
Finance Business Controller For Shiseido Professional Brand
Permanent ·
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
Published
Oct 22, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Dr Martens profits rise on strong global growth, predicts more to come

Published
Oct 22, 2018

Dr Martens was upbeat on Monday, reporting "progress against all strategic priorities as the power of the brand continues to achieve strong and sustainable, global growth.”


Dr Martens


The footwear label’s full-year figures in the 12 months to March 31 saw it delivering double-digit revenue and EBITDA growth across all regions, with the EMEA region performing “very strongly” and the company making “significant progress against its strategic priorities, particularly in growing its direct-to-consumer [DtC] channels.”

So what were the actual figures? Revenue rose 20% to £348.6m with good growth across all channels, and like-for-like retail revenue rose 7%. Profit on an EBITDA basis was up 33% to £50m and the EBITDA margin rose 1.4bps to 14.3%.

Within this, DtC was up 26% to £140.7m, retail revenue rose 23% to £97.1m, e-commerce revenue soared 35% to £43.6m and wholesale revenue was up 16% to £207.9m.

The firm’s DtC channels now account for 40% of total revenue, up from 38% in 2017.

While the like-for-like retail revenue rise of 7% might seem tame compared to some of those figures, in the current environment, it’s a stunning increase and the company said it shows its “commitment to consumer-centricity in our existing store base.”

So it’s no surprise that the firm is committed to continued investment in its stores, with 25 openings in the year in “key target locations” including nine in the UK. 

But it also opened seven across mainland Europe, three in New York and three in Japan and relaunched the brand in China during the year, with new online and offline partners. This focus on international markets paid off with “all regions seeing double-digit increases in revenue and EBITDA.” The firm said “performance in EMEA was excellent, with sales up 32% to £155.9m and EBITDA up 45% to £24.9m.”

Meanwhile, the wholesale boost was “the result of increased focus on larger, ‘best fit, partner’ accounts.”

Chairman Paul Mason hailed “a fantastic year” and said that “in the context of the wider macroeconomic uncertainty that exists in a few of our key markets, [it] is testament to both the strength of our brand, our heritage and consumer proposition and the execution of our strategy.”

He added that there’s “still significant scope for growth across our markets, particularly via our direct-to-consumer channels, and this will remain a strategic priority in the years ahead. “

CEO Kenny Wilson added that his first few months at the business “have been thoroughly inspiring. We have an amazing culture and the opportunity for growth is significant.”

Copyright © 2024 FashionNetwork.com All rights reserved.