Golden Bear has reported a growth in sales of 9.5% to £25.1 million in the 15-month period ending 31 March 2021. Operating profit grew to £2.3 million compared to the previous figure of £1.2 million in the calendar year 2019.
In the UK market, the company saw dynamic growth with the Bing, Hey Duggee and Smart Ball brands. The strategy to increase international sales also bore fruit with increased sales of 33% to international distributors. This was driven by Bing which is now the number one preschool licence in Italy.
Alongside licences, the company also invested in its own IP (such as Curlimals and Squirty Gertie) and its sales and marketing capabilities. Its sustainability push also continued with investment in solar panels and electric car charge points at its Telford office.
“Everyone at Golden Bear is rightly proud of the company’s performance in 2020/21 and a massive thanks must go to all our staff and retail and license partners who delivered great results despite all the challenges,” said Barry Hughes, md at Golden Bear.