Continued expansion delivers strong results for Hamleys
16 September 2013
The business today filed its accounts at Companies House for the nine months to 31st December 2012. Hamleys was acquired by Groupe Ludendo in September 2012 and, as a result of this, changed its year end from March to December. Hence the accounts filed today are for only nine months. Full year numbers are provided here in order to provide a meaningful comparison.
EBITDA for the 12 months to December 2012 grew by 12% to £7.2m. Gross sales from all Hamleys stores globally were up 18% to £94m. The company opened nine new stores in the year, including its first in Russia, Sweden and Saudi Arabia.
In 2013 to date, Hamleys has opened a further six stores in Denmark, Sweden, Saudi Arabia and India and its first store in Norway opens next week.
For the 36 weeks to 7th September 2013, LFL sales in the UK and Ireland and internationally are both up by over 10%. Total international sales, including new store openings are up 57%. This strong growth is a positive reflection of Hamleys’ global expansion strategy of toy shop destinations with a unique customer retail experience.
Gudjon Reynisson, CEO of Hamleys, said: “We are delighted with our strong results and with the success of our expansion strategy. We are pleased to be part of Groupe Ludendo and with the support of our new owners we will continue to grow Hamleys and deliver the Hamleys magic to children and families all over the world.”
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