×
97
Fashion Jobs
H&M
E-Commerce Commercial Manager to h&m Nordics
Permanent · Stockholm
H&M
Merchandise Manager
Permanent · Stockholm
H&M
Global HR Business Partner For h&m Customer Service
Permanent · Borås
H&M
Space Manager to h&m Beauty Brand
Permanent · Stockholm
H&M
Brand Coordinator - Creator Studio
Permanent · Stockholm
H&M
Production Manager PR – h&m Marketing & Communications
Permanent · Stockholm
H&M
Business Expert/Super User
Permanent · Eskilstuna
H&M
Product Area Manager - Business Tech Checkout
Permanent · Stockholm
H&M
Senior Business Analyst to h&m Brand Customer Insights & Analytics
Permanent · Stockholm
H&M
Business Expert With Passion For Product Information to h&m Group Business Tech - Customer Domain
Permanent · Stockholm
H&M
Lead Business Expert – Talent Acquisition
Permanent · Stockholm
H&M
Software Engineer to The Network Management & Security Team Within Business Tech
Permanent · Stockholm
H&M
Analytical Engineer to Business Tech, h&m Group
Permanent · Stockholm
H&M
Project Manager to Business Tech Program Management
Permanent · Stockholm
H&M
Technical Engineer to Monitoring & Insights Team, Business Tech h&m Group
Permanent · Stockholm
H&M
Product Owner – Checkout Area to h&m Business Tech
Permanent · Stockholm
H&M
Product Owner - Cloud Analytic Platform
Permanent · Stockholm
H&M
Data Specialist to Tech Enablement, Business Tech h&m Group
Permanent · Stockholm
H&M
Product Owner With Sap Competence – Data Foundation
Permanent · Stockholm
H&M
Product Owner – Data Foundation - Group Sales & Stock Data
Permanent · Stockholm
H&M
Software Engineer, With c# .Net or Java Experience to h&m Business Tech
Permanent · Stockholm
H&M
Software Engineer, With Java Competence to h&m Business Tech – Loyalty Online Service Team
Permanent · Stockholm
Published
Apr 7, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Barbour upbeat despite pandemic impact, stays profitable

Published
Apr 7, 2021

Barbour has filed its accounts for the 12 months up to the end of April last year and it’s particularly interesting because it includes around a two-month period in which the pandemic was making an impact.


Barbour



The company said that impact was "significant" during the final quarter, but its revenues still showed progress, although profit was lower year-on-year. 

The financial year saw turnover rising 7.8% to £242.8 million, which the company said was due to the strength of its brands and the consistency of its long-term strategic focus, despite the difficult backdrop. 

But gross profit fell to 49.4% from 54.2%. And its operating profit fell to £35 million from £38 million, while net profit dropped to £28.94 million from £31.37 million.

Yet it's still profitable and the balance sheet remains strong with cash held in the business rising to £97.4 million from £87.2 million, enabling it to focus on its long-term investment objectives. The company said that one key investment focus will be technology and also enhancing its sustainability credentials.

Meanwhile, its Barbour Europe operation that focuses on Germany, Austria, Switzerland and the Benelux region managed to swing from a net loss of £398,000 in the previous year to a profit of £36,000. That may be small, but it was a profit nonetheless.

Operating profit for the unit was £147,480 after a loss of £308,171 in the previous year. That was supported by the decision to close one retail store and to focus on cost controls and efficiency. 

The Europe firm’s revenues were largely in line with the previous year (actually they rose by £0.5 million to £21.1 million), although there was a swing between channels from physical stores towards e-commerce. That’s understandable in the light of the pandemic that started to have an effect in March 2020.

Copyright © 2021 FashionNetwork.com All rights reserved.