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Home breadcru News breadcru Company breadcru Luxury group Burberry's EBITA increases 16% to £165.5mn for Q1
Fashion

Luxury group Burberry's EBITA increases 16% to £165.5mn for Q1

24 May '05
2 min read
UK's luxury brand Burberry announces preliminary results.

Financial Highlights
Total revenues increased 10% on an underlying(1) basis, 6% reported

Retail sales increased 8% underlying, 3% reported

Wholesale sales increased 9% underlying, 6% reported

Licensing revenue increased 19% underlying, 17% reported

Gross profit margin increased from 57.9% to 59.3%

EBITA(2) margin expanded from 21.1% to 23.1%

EBITA increased by 16% to £165.5 million

19% increase in diluted EPS (before goodwill amortisation and exceptional gain) to 23.0p

50% increase in final dividend to 4.5p per ordinary share (6.5p for full year)

Commenced £250 million share repurchase programme with £58 million completed as of 31 March 2005

Strategic and Operating Highlights
Launched major infrastructure redesign initiative

£18 million investment in year one

£50 million aggregate investment over three years

£20 million annual benefits by year three

Enhanced design authority and brand presence through critically acclaimed Prorsum collections

Opened 12 directly operated retail locations and completed important store renovations

Extended presence in China and other emerging markets with 10 franchise store additions

Finalised plans with respect to non-apparel licences in Japan

Launched highly successful Burberry Brit for Men and Burberry Brit Red fragrances under attractive new licensing agreement.
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