Annual Report 2013 Sports Direct

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“2012/13 was a record-breaking year for the Groupand for British sport. We are pleased that bothhave continued to be successful this year and thatour strategy of being the Consumers’ Championcontinues to reap rewards.“Our colleagues have worked hard throughout the year and, as a result,we have exceeded the second underlying EBITDA target of £250m setunder the 2011 Employee Bonus Share Scheme and the stretch target of£270m. This means the Group has successfully met the first two targetswhile there remain two more years to go under the 2011 Employee BonusShare Scheme.“There is no doubt that the Group’s record-breaking results were in thelarge part down to our colleagues and their hard work. The EmployeeBonus Share Schemes have continued to drive this performance andwe are pleased that eligible employees will be rewarded in August as thesecond and final part of the 2009 Employee Bonus Share Scheme vests.“Trading since the period end has remained strong and is ahead ofmanagement’s expectations for the first quarter. Whilst 2013 is anon-tournament year, there is no doubt that our compelling offer ofexceptional quality and unbeatable value continues to resonate wellwith our customers.”Dave ForseyChief Executive