Hunter Boot Reports 38% Hike in Sales

Hunter Boot Ltd. announced Monday that its sales rose by 38 percent to 78 million pounds, or $126 million, in the year ended Dec. 31, 2011.

In the year-ago period, the British company reported profits of 16 million pounds, or $28.9 million.

The firm, which last year took on a new majority shareholder, Searchlight Capital Partners LP, said that growth both in the fashion market and its traditional outdoor market boosted results during the year.

Sales in the U.K. rose by 53 percent, while those in the U.S. grew by 11 percent. International sales outside the U.S. increased by 66 percent. Operating margin, meanwhile, remained in line with the previous year, Hunter said.

The company’s best-performing styles during 2011 included new boots in its Regent equestrian range and new technical designs such as the Lady Neoprene, part of Hunter’s expanded Balmoral collection.

Oliver Haarmann, chairman of Hunter, said, “Europe and the Far East drove a favorable international performance, while product development also contributed to strong sales. Going forward, even with the challenging market conditions, we will continue to invest in the Hunter brand, supporting its development in the digital environment and the expansion of the Hunter business across the globe.”

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