Pentland Group announces full-year results
02/07/2018
Its total group revenue increased by 25% to reach £3.6 billion, driven by what it called “a record performance” from sports retail group JD Sports, in which Pentland is a majority shareholder. Group operating profit grew by 14% to reach £376 million.
It said several of its own sports brands also recorded a strong performance in 2017, with Ellesse delivering a 21% growth in revenue and Speedo achieving 8% sales growth, underpinned, the group said, by its move to a direct-to-consumer business model in China the year before.
For its part, Canterbury “achieved considerable success” from its sponsorship of the 2017 tour to New Zealand of the British and Irish Lions rugby team.
Chairman, Stephen Rubin, said on announcing the results: “I am delighted that Pentland Group’s 85th set of annual results, once again, demonstrate our commitment to nurturing our brands and evolving our business to ensure that we continue to meet the changing needs of our retail customers, brand partners and consumers. We are very grateful to all our people for their passion and dedication to ensuring that we build our business, doing business the right way.”
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