Burberry faced a challenging year in 2015 due to the warm weather and slumping demand worldwide. In H2, sales decreased by 2% (1% underlying) to £1,410m. The company’s performance was pulled down in Q4 with sales down 5%. Hong Kong and Macau continued to deliver unfavourable sales momentum (-20% lfl in Hong Kong). The other markets posted poor growth of 1% on average due to the lesser number of travelling luxury customers in Europe and the uneven demand in the Americas. Asia Pacif
14 Apr 2016
Grey clouds in the sky
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Grey clouds in the sky
Burberry Group plc (BRBY:LON) | 0 0 0.7% | Mkt Cap: 4,151m
- Published:
14 Apr 2016 -
Author:
Rim BEN SALAH -
Pages:
2
Burberry faced a challenging year in 2015 due to the warm weather and slumping demand worldwide. In H2, sales decreased by 2% (1% underlying) to £1,410m. The company’s performance was pulled down in Q4 with sales down 5%. Hong Kong and Macau continued to deliver unfavourable sales momentum (-20% lfl in Hong Kong). The other markets posted poor growth of 1% on average due to the lesser number of travelling luxury customers in Europe and the uneven demand in the Americas. Asia Pacif