Sports Direct International, the leading sporting goods retailer in the U.K., has released the preliminary figures for its financial year 2013-14, which ended on April 27. Sales were up by 23.8 percent and reached a total of £2.7 billion (€3.4 billion). Average growth for the group’s sporting goods retail operations were even higher and jumped by 24.1 percent to nearly £2.3 billion (€2.9 billion).
Underlying earnings before interests, taxes and write-offs (Ebitda) improved by 15 percent to £331.1 million (€418.8 million). Net debt increased, on the other hand, by 37.7 percent to £212 million (€268.1 million).
On a comparable basis, sales of the sports retail division improved by 10.5 percent. The rest of the growth was unorganic, notably through the acquisition of the retail operations of Sportland in the baltic countries and Sport Eybl & Sports Experts in Austria. The share of online sales increased to 17.1 percent compared with 15 percent of the total sales in the previous year. These figures exclude, however, the acquisitions in the Baltics and Austria. These included, the share of internet sales would be at 15.1 percent.