Change in segmental reporting

RNS Number : 4117G

SuperGroup PLC

06 June 2013

 



SuperGroup plc

Change in segmental reporting

As previously communicated, SuperGroup plc ("SuperGroup" or the "Company") will be changing the methodology of its segmental reporting for future financial announcements.

The board believes that the revised segmental reporting will provide a clearer understanding of the divisional performance of the Company and reflects the changes to the internal reporting of the divisions. Primarily, these changes apply to the treatment of overseas retail sales, trade sales and the bases of cost allocations.

Attached to this announcement is unaudited historical financial information for the 52 weeks ended 28 April 2013 and the 52 weeks ended 29 April 2012, restated on the new basis.

There will be a presentation to analysts this morning and the slide pack will be made available in the Investor section of the Company's website.  The Company will not be making any further disclosure ahead of its preliminary results announcement on 11 July 2013.

6 June 2013

For further information:

SuperGroup
Shaun Wills	Chief Financial Officer	[phone]
Tony Newbould	Investor Relations Officer	[phone]
College Hill		[phone]
Matthew Smallwood
Mark Reed
Justine Warren

GROUP REVENUE

FY13 Restated
	Q1	Q2	H1	Q3	Q4	H2	FY13
	£m	£m	£m	£m	£m	£m	£m
Revenue:
Retail	45.3	52.9	98.2	96.1	48.2	144.3	242.5
Growth (%)	+21.4%	+22.5%	+22.0%	+17.5%	+15.6%	+16.8%	+18.9%
LFL (%)	+1.1%	+4.5%	+3.1%	+9.4%	+3.6%	+7.4%	+5.7%
Wholesale	14.5	45.5	60.0	19.0	38.9	57.9	117.9
Growth (%)	-14.7%	+17.9%	+7.9%	-8.2%	16.1%	+6.8%	+7.4%
Group Revenue	59.8	98.4	158.2	115.1	87.1	202.2	360.4
Growth (%)	+10.1%	+20.3%	+16.2%	+12.3%	+15.8%	+13.8%	+14.9%

FY13 Reported
	Q1	Q2	H1	Q3	Q4	H2	FY13
	£m	£m	£m	£m	£m	£m	£m
Revenue:
Retail	40.2	52.2	92.4	89.8	43.8	133.6	226.0
Growth (%)	+19.6%	+32.2%	+26.4%	+14.4%	+11.2%	+13.3%	+18.3%
LFL (%)	+1.7%	+5.8%	+3.9%	+10.6%	+5.0%	+8.7%	+6.9%
Wholesale	19.6	46.2	65.8	25.3	43.3	68.6	134.4
Growth (%)	-5.3%	9.2%	4.4%	5.4%	20.9%	14.7%	+9.4%
Group Revenue	59.8	98.4	158.2	115.1	87.1	202.2	360.4
Growth (%)	+10.1%	+20.3%	+16.2%	+12.3%	+15.8%	+13.8%	+14.9%

FY12 Restated
	Q1	Q2	H1	Q3	Q4	H2	FY12
	£m	£m	£m	£m	£m	£m	£m
Revenue:
Retail	37.3	43.2	80.5	81.8	41.7	123.5	204.0
LFL (%)	+9.5	-3.7%		+5.0%	+0.5%		+2.8%
Wholesale	17	38.6	55.6	20.7	33 .5	54.2	109.8
Group Revenue	54.3	81.8	136.1	102.5	75.2	177.7	313.8

FY12 Reported
	Q1	Q2	H1	Q3	Q4	H2	FY12
	£m	£m	£m	£m	£m	£m	£m
Revenue:
Retail	33.6	39.5	73.1	78.5	39.4	117.9	191.0
LFL (%)	+14.4%	-3.3%		+4.4%	0.0%		+2.0%
Wholesale	20.7	42.3	63.0	24.0	35.8	59.8	122.8
Group Revenue	54.3	81.8	136.1	102.5	75.2	177.7	313.8

GROUP UNDERLYING OPERATING PROFIT

FY12	Restated				Reported
	Group	Overhead	Retail	Wholesale	Group	Overhead		Retail		Wholesale
	£m	£m	£m	£m	£m	£m		£m		£m
External revenues	313.8		204.0	109.8	313.8			191.0		122.8
Operating profit1	69.4		44.3	25.1	57.0			31.7		25.3
Group overheads	(26.7)	(26.7)			(14.3)	(14.3)
Group operating profit1	42.7	(26.7)	44.3	25.1	42.7	(14.3)		31.7		25.3
	13.6%		21.7%	22.9%	13.6%			16.6%		20.6%
FY12 H1	Restated				Reported
	Group	Overhead	Retail	Wholesale	Group		Overhead		Retail	Wholesale
	£m	£m	£m	£m	£m		£m		£m	£m
External revenues	136.1		80.4	55.7	136.1				73.1	63.0
Operating profit1	25.6		13.4	12.2	19.7				7.1	12.6
Group overheads	(12.6)	(12.6)			(6.7)		(6.7)
Group operating profit1	13.0	(12.6)	13.4	12.2	13.0		(6.7)		7.1	12.6
	9.6%		16.7%	21.9%	9.6%				9.7%	20.0%

FY13 H1	Revised				Reported
	Group	Overhead	Retail	Wholesale	Group	Overhead	Retail	Wholesale
	£m	£m	£m	£m	£m	£m	£m	£m
External revenues	158.2		98.5	59.7	158.2		92.4	65.8
Operating profit1	28.7		14.9	13.7	22.2		7.1	15.1
Group overheads	(14.1)	(14.1)			(7.6)	(7.6)
Group operating profit1	14.6	(14.1)	14.9	13.7	14.6	(7.6)	7.1	15.1
	9.2%		15.1%	22.9%	9.2%		7.7%	22.9%

Note 1:

Underlying results have been adjusted to reflect the impact of the gains/loss recognised on fair valuing deferred consideration, financial derivatives and exceptional items.

 

END

 

 

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