11 jul: India ONGC-Led Consortium to Invest About $3 Billion in Venezuela..
11 jul: China Construction Bank Has 3 Billion Yuan Exposure to Bankrupt F..
11-07-2012 08:41:00

Burberry Sales Rise, Hints at Asian Slowdown

Relateret indhold

By Peter Evans

LONDON--U.K. luxury retailer Burberry Group PLC (BRBY.LN) 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 (MC.FR).

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 peter.evans@dowjones.com

(END) Dow Jones Newswires

July 11, 2012 02:41 ET (06:41 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Carlsberg-konkurrent frygter svækket konkurrence i Grækenland

27-03-2015 16:44:49
Konkurrencen på det græske ølmarked kan blive svækket markant set i lyset af, at de græske konkurrencemyndigheder uden betænkninger har godkendt fusionen mellem..

WDH/dir: Oticon Medical snart klar med første implantat

27-03-2015 14:23:55
William Demant Holdings kirurgiske division, Oticon Medical, fortsætter fremad for fuldt blus. Forretningsbenet har de seneste år hentet enorm vækst, og det spo..

Novo og Genmabs stiger mest blandt europæiske elitepapirer

27-03-2015 10:30:07
Novo Nordisk og Genmab topper fredag formiddag indekset over de største europæiske aktier, Stoxx 600. Med kursstigninger på henholdsvis 9,2 og 6,5 pct. distance..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

Burberry Group PLC 1.776,25 0,5% Stigning i aktiekurs
Lvmh 162,25 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
30. marts 2015 04:18:24
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150325.1 - EUROWEB4 - 2015-03-30 04:18:24 - 2015-03-30 04:18:24 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x