ME+EM has published its results for the year to the end of January and they show the company continuing to trade strongly, despite the uncertain market backdrop characterised by subdued consumer spending.

Total group revenue rose as much as 46% to £119.5 million and it saw continued success in overseas territories with revenue outside of the core British market up 81% year on year.

However, its gross profit margin fell from 58% to 55%, although gross profit for the period still managed to rise, hitting £65.9 million after £47.5 million a year earlier. EBITDA was £21.1 million, up from £16.1 million, and the group made an operating profit before tax of £16.2 million, after £11.2 million in the previous 12-month period.

It said the positive performance of the group can be attributed to a combination of its focus on key strategic decisions as well as continued market expansion with the customer remaining at the heart of all decision-making.

The year saw the successful launch of two new stores, one at the redeveloped Battersea Power Station and another in Edinburgh, which was also its first UK store outside of London. At the same time, it successfully relocated it’s Notting Hill, London, store. 

It also said that its product categories outperformed last year with dresses being a key driver of sales. The continued expansion of footwear and an expanded accessories collection proved plus points too.

The company said it will continue to drive new customer acquisition without compromising its existing customer base. International expansion will remain a key focus, in particular the US, where in the current period, the business has signed three store leases.

Of course, the UK remains a major focus and as well as the stores and relocations of the last financial year it intends to expand further in its home market.