Tuesday, September 29, 2020

Jimmy Choo enters second half on back of strong trading results


Jimmy Choo has recorded a 9.2 per cent growth in revenue of £173.1 million for the six month period to June 30.

The luxury retailer also reported a 42.6 per cent increase in its operating profits to £23.5 million for that same period, as well as an EBITDA growth of 12.8 per cent and adjusted EBIT growth of 13.7 per cent.

Like-for-like sales were also up by four per cent, while Jimmy Choo men‘s accounted for eight per cent of total revenue.

Jimmy Choo chief executive Pierre Denis said these results meant the company was entering its second half with a good start.

“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,” he said.

“This is combined with strong underlying cash flow conversion leading to further positive steps on deleveraging. 

“We remain optimistic about our prospects both for this year and for our performance in the future.”

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