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) | 1,257 100.6 0.6% | Mkt Cap: 4,515m
- 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