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Kurt Geiger EBITDA soars

Kurt Geiger saw EBITDA rise 24.4% to £10 million for the year to February 2 and like-for-like sales have continued in positive territory since the year end.

Kurt Geiger, which sells premium and designer footwear alongside own labels Kurt Geiger, KG and Carvela, saw total sales rise 7.8% to £140.2m over the 52 week period.

Like-for-like sales were up 5.4%.

Kurt Geiger said gross turnover was up 11.5% for the eight months since the year end, with like-for-like sales still in positive territory.

Kurt Geiger chief executive Neil Clifford said: “2007 was a year of solid growth for Kurt Geiger. Our company’s momentum is strong, driven by out multi-channel growth strategy and our effective and focused management team. This has built a balanced and resilient business, continuing to win market share through 2008 and beyond. However the wider economic outlook is hugely uncertain and we are approaching the next year with caution.”

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