Burberry revenues up by 9% in first half
Burberry has generated £1.4bn in total revenue, up 9% for the six month ending 31 March 2015.
The company posted £1.06bn in retail sales by 13% underlying, up 14% at reported foreign exchange.
The growth in sales was driven by double-digit percentage comparable sales growth in both the Americas and Europe, Middle East, India and Africa (EMEIA), with strong performance in the UK, France and Italy from both domestic and travelling luxury customers.
The Asia Pacific region witnessed low single-digit percentage comparable sales growth, with Hong Kong, a high margin market, decelerated further during the period.
During the second half, Burberry opened seven mainline stores including a flagship in Rodeo Drive, Los Angeles, a store in the Miami Design District, as well as a second dedicated Beauty store globally, in Seoul, Korea.
Commenting on the performance, Burberry chief creative and executive officer Christopher Bailey said: "Total revenue grew by 9% underlying and 13% in retail, as customers responded strongly to product innovation, especially in our core British-made heritage trench coats and scarves, while we continued to invest in digital and retail initiatives, including flagship openings in Los Angeles and Japan.
"We anticipate external challenges will continue in the current year, but remain confident in our long-term strategy to build the Burberry brand and business globally."
Image: Burberry opens a flagship in Rodeo Drive. Photo: courtesy of Burberry.