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Boden sales and profits rocket

Boden saw pre-tax profit rise 20.7% to £27.4 million and sales soar 19.45% to £153.6m for the year ended December 31.

Boden said US sales rose 35% over the period, accounting for 31% of total sales at £47.8m.

Boden said trade had continued strongly in the first half of this year with sales up 9% to June 30 and that it had plans for further overseas growth, focusing on European markets.

Boden chief executive Julian Granville said: "We are pleased with our 2007 performance in terms of growth and profitability and particularly with the strong progression of our US operations."

Granville added: "We have also been pleased with the successful test of the German market and see a material business developing there over the next few years. We see other European markets as a strong growth opportunity for Boden."

"It will be no surprise that 2008 has seen a more difficult trading environment compared to recent years. We are therefore happy that our business has grown. 2009 looks set to be more difficult that 2008."

"Boden, like all retailers, will feel the effects of a downturn but has a strong brand and a financially robust business model which together with strong operational disciplines give confidence in the long-term business prospects for the business."

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