Highlights
Revenue growth of 7.2% on a constant currency basis
Consolidated Net Income increased £30.2m to reach £19.4m
Adjusted EBITDA grows 1.5% to £51.0m
Strong performance, in particular from Asia and Japan
13 new Directly Operated Stores (DOS), in addition to the successful conversion of three franchise stores to DOS in Singapore and Malaysia
Successful roll out of the New Store Concept with a total of 30% of our DOS estate in the New Store Concept at year end
Successful upgrade of our business systems and transformation of the supply chain
Cash conversion increased from 92.2% to 96.5%
Bank leverage reduced from 2.19x to 1.90x despite continued investment
Refinancing completed with a lower margin, increased headroom and a 5 year tenor
