Jaeger reported flat sales at £85.5m in the year to February 28, and a 16% increase in EBITDA to £7m.
Jaeger reported that current trade was 12% ahead of last year.
The performance was boosted by online sales, with Jaeger’s website accounting for 5% of sales in the year and delivering to 29 countries. The website is set to be relaunched in August.
Continued store expansion also lifted Jaeger’s performance. The retailer opened two new stores in Liverpool and Milton Keynes and ten concessions in stores including Harvey Nichols. Jaeger now has 45 standalone stores.
Jaeger’s group chief executive Belinda Earl said: “Continued investment in Jaeger has delivered improved profit performance, despite last year’s challenging economic environment, with current sales ahead by 12% on last year. The increase in Jaeger’s UK and international portfolio and the new online flagship store underpins our future growth.”
She added: “In addition, our existing customers will have more choice through the expansion of Jaeger London - increasing both the product range and the number of stores in which it is available and we will be appealing to new customers through the launch of Boutique by Jaeger, in Autumn 2010.”