Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Monsoon posts solid results

Monsoon saw sales rise 5.3% on an annualised basis to £710 million last year.

Monsoon said that sales had reached £710m for the 66 weeks to August 30. Its sales were £531m for the 52 week period in 2007. These are the first results from the womenswear retailer since it was taken private in 2007.

Operating profit rose 12% on an annualised basis. Operating profit was £68m over the 66 week period. It was £47.7m for the 52-week period in 2007.

Operating margin was up from 9% to 9.6%.

Monsoon said it had £89.2m in the bank and that it had repaid £56.3m of borrowings.

Monsoon said it planned to open 109 stores in 2009. This will include it entering six new overseas markets and will take its total store count to more than 1,000.

Monsoon founder Peter Simon said: “This is the first set of results for Monsoon as a private company is very encouraging, given the tough trading conditions that are prevailing in our markets. The retail environment remains challenging in Britain and overseas but we have improved sales and operating profits thanks to the commitment of our employees and partners across the world. This year marks the 35th anniversary of our company, and we are confident we can continue our successful expansion thanks to their support.”

Monsoon was taken private by Peter Simon in December 12. The deal was worth £755m.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.