Pentland achieved record performances for a number of its brands

Pentland achieved record performances for a number of its brands

Pentland Brands, owner of the Berghaus, Speedo and Ellesse labels, achieved record performances for a number of its sports brands in its last fiscal year despite challenging global market conditions.

Total revenues grew 21% to GBP2.9bn (US$3.79bn) from GBP2.4bn in the year ended 31 December 2016. Group operating profit jumped 50% to GBP331m from GBP220m.

The British owned company said it performed strongly thanks to a focus on building its presence in priority markets and its relationship with retailers and partners, which helped achieve record performances for a number of its brands. Ellesse and Ted Baker footwear both outperformed expectations, the company said.

Revenue from the Pentland Brands portfolio and other non-retail businesses edged up 1% to GBP634m. While, a record performance was achieved by JD Sports Fashion plc, with revenues up 28% to GBP2.3bn, thanks to favourable trends for athletic-inspired footwear and apparel in Europe, continued international expansion of its portfolio, and growth through acquisitions. 

"JD Sports Fashion had an exceptional year with operating profits strongly ahead of the prior year," the company said. "This performance was driven in particular by strong trading in its core sports fascias, which have continued to exploit the buoyant market for branded athletic footwear and apparel across Western Europe."  

Pentland's outdoor fascias made "encouraging progress" in 2016 with Blacks and Millets stores delivering increased sales and profitability as a result of an increased focus on the outdoor proposition. 

The strong results come as many UK retailers battle higher wages, cost inflation and volatile consumer demand following the fall in the pound. Sports Direct is expected to reveal a sharp fall in annual profits this week as a result of expensive shop purchases and European expansion.