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Jimmy Choo sees sales and profits rise

Jimmy Choo has reported a 9.2% growth in revenue at reported currency, as well as a 42.6% rise in its operating profits to £23.5m, in the half year to 30 June. 

Choo

Choo

Like-for-like sales were up 4% and the brand credited its success to strong performance in the Asian markets, where it saw a 22.1% growth at reported currency. Jimmy Choo men’s range also continues to grow, now comprising 8% of total revenue.

The company saw an EBITDA growth of 12.8% and adjusted EBIT growth of 13.7%.

Pierre Denis, chief executive of Jimmy Choo, said: “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. This is combined with strong underlying cash flow conversion leading to further positive steps on deleveraging. We have made a good start to the second half and we remain optimistic about our prospects both for this year and for our performance in the future.”

In May, Jimmy Choo won three awards at the annual Drapers Footwear Awards including Women’s Fashion Brand of the Year.

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