Net-a-Porter recorded strong sales as new owner Richemont said the etailer is performing ahead of its plan.

Sales at Net-a-Porter, which Richemont acquired for €245m (£215.6m) in April last year, were €274m (£241m).

The group said the business “generated a positive cash flow and performed above plan”, the group said.

Net-a-Porter’s sales for the 61 weeks to March 2010 was £152m according to Retail Week Knowledge Bank.

The luxury etailer launched a stand-alone site, Mr Porter during the year to add to its portfolio of womenswear site Net-a-Porter and discount designer site The Outnet.

Profits at the Richemont group, which owns brands including Dunhill, Chloé and Cartier leaped 79.8% to €1.1bn (£967.9m) in the year to March 31 against sales which jumped 33.2% to €6.9 (£6.1bn).