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TED BAKER LONDON Interim Results Released : 11 Nov 2021 07:00 RNS Number : 0700S Ted Baker PLC 11 November 2021 Interim Results Announcement for the 28 weeks ended 14 August 2021 and Q3 trading update for 12 weeks ending 6 November 2021 Ted returns to growth ; significantly improves profitability and upgrades core Transformation Plan target on the back of strong liquidity Rachel Osborne , Chief Executive Officer , commented : " I'm pleased with the continued progress we're making , as we return to revenue growth , and make big strides back towards profitability . The brand remains healthy , delivering a stronger full price mix alongside encouraging early reactions to the new collection .. The pandemic continues to impact the global retail environment , yet despite this we are delivering against our Transformation Plan . I remain confident that our turnaround of this great global lifestyle brand is on course and that Ted will emerge as a stronger business . " Summary ● ● ● Ted Baker plc ( " Ted Baker " , the " Group " ) ● ● Group Revenue Reported Loss Before Tax Basic EPS Interim Divid nd Net Cash / ( Debt ) 28 weeks ended 14 August 2021 £ 199.3m £ ( 25.3 ) m ( 10.1 ) p nil £ 12.7m 28 weeks ended 8 August 2020 £ 169.5m £ ( 86.4 ) m ( 64.1 ) p nil £ 60.7m Change Change vs. H1 2019 17.6 % 70.7 % 84.2 % nil ( 74.3 ) % ( 36.4 ) % ( 10.1 ) % 78.1 % ( 100 ) % ( 113.0 ) % Sales growth showing sequential quarterly improvements in comparatives to FY20 Improving margins and profitability as Group re - establishes premium positioning . Full price sales mix up over 500bps during H1 and Q3 . Robust liquidity and continuing positive net cash position of £ 12.7m at 14 August 2021 . The Group upgrades its target to achieve a net cash position forward by one year , with this target to be achieved by the end of the current financial year . All other targets have been reiterated . The Group is currently experiencing limited negative impact from the global supply chain disruptions or rising inflation . The Group has a basket of mitigation strategies to minimise the impact of further supply chain disruptions as well as cost inflation . Transformation Plan delivery on track , with the Group in line with or ahead of plan for six of the current financial year's operational KPIs . The Group is not providing guidance for the current financial year ; the Board is comfortable with market