Dr Martens’ profits march forward
Strong sales in Europe and the Middle East have boosted profits at UK footwear firm Dr Martens.
Earnings grew 33% to £50m in the year to March, with sales up 20% to £348.6m.
The Northamptonshire-based company, most famous for its distinctive boots, said it had seen double-digit growth in revenues and profits in all regions.
It started production in Northampton in 1960, and although most of its boots are now made overseas about 70,000 a year are still made at the UK factory.
Dr Martens makes more than half of its revenues from its most recognisable product, the 1460 boot and sister product the 1461 shoe.
The company said 40% of its revenues came from selling direct to consumers.
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