The company said that revenue increased from £263.3 million to £277.2 million. Gross profit rose from £113.6 million to just under £124 million with operating profit almost tripling from £12.5 million to £32 million.
And net profit for the year jumped too from £8.7 million to £21.67 million.
The company didn’t provide any details about its UK-specific performance and had it done so, it may not have helped as some of its operations file their results separately.
Watchfinder has already filed its results for the year and others such as Cartier and Dunhill are due to do so before the end of December.
Meanwhile, in its own most recent results that the parent group filed last month, it said H1 of the current financial year saw group sales for the half up 10% to €10.6 billion at constant exchange rates (CER) or 5% at actual rates. And in Q2 they accelerated to +14% CER. Operating profit rose to €2.358 billion, up 7% actual, or 24%CER.
It saw continued strength at Jewellery Maisons like Cartier and Van Cleef & Arpels, yet Specialist Watchmakers declined again. As for its fashion and accessories brands, they were “broadly stable” for half but rose more strongly in Q2.
The performance was boosted by ongoing strength at Alaïa and Peter Millar, and improved momentum at Chloé.
