15.05.2024 09:03:08 - dpa-AFX: Burberry Full-year Profit Sinks As Revenue Declines 4%; Sees H1 Challenging

LONDON (dpa-AFX) - Burberry Group PLC (BRBY.L), a British luxury brand,
Wednesday reported profit before tax of 383 million pounds for the full year,
significantly lower than 634 million pounds in the previous year, primarily due
to decline in revenue.

Excluding one-time items, adjusted profit before tax decreased 37 percent
year-on-year to 383 million pounds.

Attributable profit fell to 270 million pounds or 73.9p per share from 490
million pounds or 126.3p per share last year.

Revenue for the year was 2.968 billion pounds, 4 percent down from 3.094 billion
pounds in the previous year. The company said its comparable store sale declined
1 percent.

Burberry has proposed a final dividend of 42.7p per share, to be paid on August
2, to shareholders of record on June 28.

Looking ahead, the company said, 'In the context of a still uncertain external
environment, we expect H1 to remain challenging. We expect to see the benefit of
the actions we are taking from H2.'



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
BURBERRY GROUP LS-,0005 691197 Frankfurt 12,005 21.06.24 11:35:04 +0,455 +3,94% 11,655 11,950 11,775 11,550

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