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Hunter sales up 19% but investment dents earnings

Wellington boot brand Hunter has reported a revenue jump of 19% for the full year to 31 December 2015, up to £113.7m from £95.7m in 2014.

The company also reported a sales growth of 33% year on year in the US. However, adjusted EBITDA was down to £14.1m from £15.6m in 2014, in line with expectations, as the brand invested heavily in its London flagship store and outlet store in Bicester Village, as well as its ecommerce platforms and IT systems.

CEO Vincent Wauters said: “We have invested to strengthen the brand fundamentals, in particular with the introduction of a seasonless Core Concept launching in October of this year. We have put particular focus on growing the Hunter team, building for the future by promoting from within and investing in new talent.”

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