Business

Wednesday 25 April 2018

Kiely Rowan tailors its success with £9.1m sales

Kiely Rowan, the owner of the Orla Kiely fashion brand, said it had sales of £9.1m (€10.8m) in the 12 months to the end of March "despite a difficult consumer backdrop".

Strong demand in mainland Europe largely offset a weaker performance in the UK, which was hampered by consumer sentiment and weakness in the UK wholesale market, the company said.

Earnings before taxes, interest and amortisation grew 4pc to £450,000.

The company said it was renewing its focus on internet sales and growing its wholesale presence in the US, where economic conditions have improved faster than Europe.

"This has been a challenging year, but also one of transition. We have invested both in our people and our infrastructure," said Kiely Rowan CEO Dermott Rowan.

"We are confident that these measures will help reposition the business for growth in the years ahead," he said.

Irish Independent

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