Specialty Fashion Group (SFG) has confirmed that revenue for the year ended 30 June 2011 of $574.2 million and EBITDA of $40.6 million, in line with profit guidance announced in July.
Meanwhile, net profit for the year was $14.2 million.
According to the company, it invested an extra $11.9 million in its capital expenditure programme, reflecting the investments made in the store portfolio and IT systems to support the Group’s growth strategy.
CEO Gary Perlstein said he is pleased with the overall sales performance which saw a 2.4 per cent improvement was driven by the company’s new stores.
“We are committed to the strategies that we believe will enable us to take advantage of the opportunities that are being presented as well as minimise the impact of threats,” he said.
“Our key areas of focus remain growth through global brands, ongoing transformation of our product mix and direct sourcing, and leveraging our market leading customer community relationship management capabilities as a multi-channel retailer.
“With our unique asset of 6 million customer members we are extremely well positioned to compete effectively online and in-store. It is the envy of online only retailers looking to grow their customers.”
Going forward, the company expects the continuation of tough trading through the first half but will continue to expand La Senza and its multi-channel offering.