Final Results
Highlights for FY2012/13
Operating highlights
Good progress after the first year of our three-year Transformation and Growth plan
Improved value, choice, service and delivery for customers both in store and online
International space up 2.8% (up 13.5% ex Australia and New Zealand) with 1,069 stores in 60 countries
Closed 56 loss making UK stores, ending the year with 255 stores
Direct in Home returning to growth of 4.0% for the year, helped by transition to improved online platform and award winning Mobile App with circa 140,000 downloads to date
New executive team in place to deliver our plan with a multi-channel operating model for UK and International
Financial highlights
Group underlying profit before tax improved to £8.3 million with International profits of £42.0 million up 20.3% and UK losses reduced to £21.7 million (FY2012: £24.7 million)
Worldwide network sales3 of £1.2 billion - down 0.3%2 on a statutory basis and up 1.9%1 on a comparable basis, with total International sales up 8.4% and UK sales down 10.8%
International like-for-like sales up 5.6% and UK like-for-like sales down 3.6%, improving over the year and helped by positive contribution from Direct in Home
Underlying EPS of 6.2p, up 244.4% on last year
Net debt of £32.4 million resulting from investment in new product areas during the last quarter of the year