Six month revenues up at Burberry
The company, which is famed for its chequered print design, said total revenues rose 15% on an underlying basis and 13% on a reported level. Retail sales increased 12% underlying (7% reported), driven by accelerated growth in the fourth quarter, the group said.
Looking forward to 2004 and 2005, Burberry said it anticipated strong growth for the autumn/winter 2004 season, adding that it planned to increase net retail selling space by around 8%.
CEO, Rose Marie Bravo, commented: “Building on first half success, Burberry continued to achieve strong results in the second half of 2003/04. In particular, the outstanding response to our womenswear designs and use of colour throughout the product lines was a key catalyst across the business. This performance is consistent with expectations for the financial year.”
