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

BURBERRY GROUP (BRBY)
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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
Stocks mentioned in the article
ChangeLast1st jan.
BURBERRY GROUP 1.20% 1735 Delayed Quote.-3.18%
LVMH MOËT HENNESSY VUITTON SE 0.74% 279.25 Real-time Quote.13.79%
PRADA S.P.A. -2.40% 38.6 End-of-day quote.36.40%
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Financials ( GBP)
Sales 2018 2 749 M
EBIT 2018 453 M
Net income 2018 276 M
Finance 2018 726 M
Yield 2018 2,32%
P/E ratio 2018 25,87
P/E ratio 2019 23,63
EV / Sales 2018 2,38x
EV / Sales 2019 2,42x
Capitalization 7 257 M
Chart BURBERRY GROUP
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Burberry Group Technical Analysis Chart | BRBY | GB0031743007 | 4-Traders
Technical analysis trends BURBERRY GROUP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 17,8  GBP
Spread / Average Target 2,5%
EPS Revisions
Managers
NameTitle
Marco Gobbetti Chief Executive Officer & Director
John Wilfred Peace Chairman
Gerard Martin Murphy Chairman-Designate
Julie Brown Director, Chief Operating & Financial Officer
Fumbi Chima Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
BURBERRY GROUP-3.18%10 158
INDITEX - INDUSTRIA DE DISEÑO TEXTIL-15.68%93 778
KERING9.67%66 870
FAST RETAILING CO LTD4.23%46 812
ROSS STORES-1.87%29 276
ZALANDO-1.53%13 235