The British fashion icon is still experiencing tough market momentum but there was some slight improvement compared to H1. Sales were down 1% underlying in H2 (-4% in H1) to £1,607m. Favourable FX moves raised the reported growth to 14%. The performance was pulled down by depressed wholesale and licensing activities which dropped by respectively 13% (£327m) and 38% (£12m) underlying. Retail revenue was up 3% to £1,268m. Burberry experienced market dynamism in Europe an
19 Apr 2017
Organic growth still depressed and outlook is poor
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Organic growth still depressed and outlook is poor
Burberry Group plc (BRBY:LON) | 1,221 -128.2 (-0.9%) | Mkt Cap: 4,378m
- Published:
19 Apr 2017 -
Author:
Rim BEN SALAH -
Pages:
2
The British fashion icon is still experiencing tough market momentum but there was some slight improvement compared to H1. Sales were down 1% underlying in H2 (-4% in H1) to £1,607m. Favourable FX moves raised the reported growth to 14%. The performance was pulled down by depressed wholesale and licensing activities which dropped by respectively 13% (£327m) and 38% (£12m) underlying. Retail revenue was up 3% to £1,268m. Burberry experienced market dynamism in Europe an