Dr Martens reports rise in full-year sales
DR Martens, which has one store in Northern Ireland, has notched up rising full year sales and profits after the iconic footwear brand was boosted by its performance in Europe.
The British company, owned by private equity firm Permira, posted a 33% rise in operating profit to £50 million in the year to March 31.
Revenue at the chain, which has a store in Belfast’s Cornmarket, rose 20% to £348.6m and like-forlike sales increased 7%.
Dr Martens performed particularly well in Europe, the Middle East and Africa where revenue was up 32% to £155.9m and operating profit grew 45% to £24.9m.
Chairman Paul Mason said: “We’ve delivered another set of strong results with broad-based growth across all regions and channels and double-digit revenue and EBITDA performances.
“This, in the context of the wider macroeconomic uncertainty that exists in a few of our key markets, is testament to both the strength of our brand, our heritage and consumer proposition and the execution of our strategy.”
He added: “There is still significant scope for growth across our markets.”