Burberry has reported a modest performance in H1. Revenues were up 4% underlying (+9% reported) to £1,263m. Retail sales were up 5% underlying and 4% organically to £944m, while wholesale (excluding beauty sales) stepped up 1% underlying to £233m. Beauty revenue was up 5% underlying to £77m. Total wholesale revenue grew 2% underlying and 8% reported. By region, sales in Asia Pacific edged up 7% underlying (+12% reported) to £461m. In EMEIA, sales were up 5% under
09 Nov 2017
H1: Modest organic growth, jump in profits; a restructuring phase will start
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H1: Modest organic growth, jump in profits; a restructuring phase will start
Burberry Group plc (BRBY:LON) | 1,218 0 0.0% | Mkt Cap: 4,368m
- Published:
09 Nov 2017 -
Author:
Rim BEN SALAH -
Pages:
3
Burberry has reported a modest performance in H1. Revenues were up 4% underlying (+9% reported) to £1,263m. Retail sales were up 5% underlying and 4% organically to £944m, while wholesale (excluding beauty sales) stepped up 1% underlying to £233m. Beauty revenue was up 5% underlying to £77m. Total wholesale revenue grew 2% underlying and 8% reported. By region, sales in Asia Pacific edged up 7% underlying (+12% reported) to £461m. In EMEIA, sales were up 5% under