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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Burberry Group plc    BRBY   GB0031743007

Delayed Quote. Delayed  - 05/26 05:35:04 pm
1778 GBp   +0.28%
05/26 British shares up 0.34 pct Monday
05/25 CORRECTION : Director/PDMR Shareholding
05/23 BURBERRY : reveals hot air balloon installation at Heathrow
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Burberry Sales Rise, Hints at Asian Slowdown

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07/11/2012 | 08:42am CEST

By Peter Evans

LONDON--U.K. luxury retailer Burberry Group PLC (>> Burberry Group plc) Wednesday reported a rise in first-quarter revenue, boosted by its men's tailoring division, although sales growth slowed significantly in the face of challenging conditions.

"With continued brand momentum, Burberry has delivered a robust first quarter," Chief Executive Angela Ahrendts said in a statement. "We continue... to drive long-term sustainable growth, while remaining responsive to the changing external environment."

Burberry, famed for its trench coats and plaid-patterned accessories, posted revenue of 408 million pounds ($633 million) for the three months to June 30, up 11% at constant currencies on the same period last year and broadly in line with market expectations.

However, sales growth slowed from 34% in the same period last year, notably in the Asia-Pacific region, where growth dropped to 18% from 67%.

Luxury retailers have appeared immune to the worldwide economic downturn in recent years, with sales driven by gains in emerging markets and from tourists buying luxury goods in Europe. Burberry's share price has rocketed since 2008, when the global recession began, mirroring the performances of peers including Prada SpA (1913.HK) and LVMH Moet Hennessy Louis Vuitton SA (>> LVMH).

But some analysts have questioned the sustainability of the luxury bubble, especially in Asia, where recent data from China has hinted at an economic slowdown.

Burberry's shares closed Tuesday at 1284 pence, giving it a market value of GBP5.64 billion.

Write to Peter Evans at [email protected]

Stocks mentioned in the article : Burberry Group plc, LVMH
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05/26 British shares up 0.34 pct Monday
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Financials ( GBP)
Sales 2018 2 819 M
EBIT 2018 461 M
Net income 2018 333 M
Finance 2018 813 M
Yield 2018 2,29%
P/E ratio 2018 23,67
P/E ratio 2019 19,49
EV / Sales 2018 2,48x
EV / Sales 2019 2,34x
Capitalization 7 794 M
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Mean consensus HOLD
Number of Analysts 29
Average target price 17,0  GBP
Spread / Average Target -4,2%
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NameTitle
Christopher Bailey President & Executive Director
John Wilfred Peace Chairman
Julie Brown Chief Operating & Financial Officer
Fumbi Chima Chief Information Officer
Philip Bowman Senior Independent Non-Executive Director
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