Clothing maker Burberry total retail sales drives 3%
30 May '06
1 min read
England based luxury brand Burberry Group Plc reports preliminary results for its financial year to 31 March 2006
Highlights
- Total revenues increased 3 percent on an underlying(4) basis to £742.9 million - Retail revenue increased 11 percent underlying - Wholesale revenue declined 4 percent underlying - Licensing revenue increased 6 percent underlying - Operating profit before Atlas costs increased 3 percent to £165.6 million - Operating margin before Atlas costs of 22.3 percent vs 22.5 percent in prior period - Diluted EPS before Atlas costs increased 9 percent to 24.1p - Continued strong free cash flow with £79 million generated in the year - Completed £250 million share repurchase programme with £192 million repurchased during 2005/06
- Achieved targeted cash neutral capitalization
- Final dividend of 5.5p per Ordinary Share proposed
Burberry is a luxury brand with a distinctive British sensibility, strong international recognition and differentiating brand values that resonate across a multi-generational and dual-gender audience. It designs and sources apparel and accessories distributing through a diversified network of retail, wholesale and licensing channels worldwide.
marketing@alchempro.com
