• H1 pre-tax profit up 49.7% to GBP11.6m
  • Group revenue rises 30.9% to GBP155.2m
  • Retail sales including e-commerce up 30.2%

Rising international sales helped fashion business Ted Baker to post a near-50% increase in first-half pre-tax profits, with revenues up by more than 30%.

UK and European retail sales rose by 22.6%, but were outstripped in growth terms by the US and Canada, up 56.8%, and Asia, up 78.6%.

E-commerce sales increased 51.6% to GBP9.4m and wholesale revenues rose 33.4% to GBP33.2m in the 28 weeks to 10 August.

Ray Kelvin CBE, Ted Baker founder and chief executive, said: “The past 12 months have seen Ted Baker enter six new international markets and we have been encouraged by the reaction to the brand and collections in these latest territories.

“Our results for the full year will, as always, be dependent on the important second half trading period. However, early trading has been positive across the business.”

The results confirm Ted Baker is "making excellent progress on its aspiration to become a global lifestyle brand," notes Neil Saunders, managing director at analyst Conlumino.

"Strong sales uplifts across both mature territories like Europe and newly penetrated regions like Asia clearly indicate that the company is successfully maintaining its resonance with consumers even as it forges ahead with its expansion plans."

He adds: "Products are always on trend with many having a unique twist that is distinctly Ted Baker; this helps to differentiate from competitors, insulating against discounting and giving Ted Baker something of a destination status."