We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedFinancial Planning

Burberry half-year profits up 6%

Fashion house takes a hit of £73.8m to end association with Interparfums

Article comments

Luxury fashion house Burberry has reported a 6 percent rise in underlying profits for the six months to September-end to £173 million.

The latest headline profit, announced on Wednesday, has actually followed a September profit warning issued by the firm which raised worries over the strength of the luxury goods sector. But last month Burberry announced that sales figures were according to form over the second quarter of the year.

The fashion house said that total revenues for the period rose 8 percent to £883 million.

However, pre-tax profits for the six-month period fell to £111.9 million from £158.7 million a year earlier after factoring a one-off £73.8 million payment on the books. It was made by Burberry to end a products licence with French company Interparfums.

Angela Ahrendts, chief executive of Burberry, said, "Integrating fragrance and beauty is a significant brand and business opportunity. Our global teams are excited to partner with long-standing distributors, suppliers and customers to optimise these under-penetrated categories."



Burberry half-year profits up 6%
Financial Planning

Budget: What business wants

Budget: What business wants

CFOs are keen for the chancellor to avoid any uncertaintymore ..

Co-operative Group posts £2.5bn loss

Annual loss the worst in its 150 year historymore ..

Google sees 19% rise in Q1 revenue

However, company missed analysts' expectation as ad prices slidmore ..

Starbucks to move Europe HQ to UK

Coffee chain says move reflects growing importance of UK marketmore ..

Stay ahead of the curve

CFOs used to low interest rates ignore working capital optimisation at their perilmore ..

Digital streamlining of travel and expense claims [Part II]

Concur shows CFOs how to make life easier when the auditors come knockingmore ..

Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

In Depth
How M&A teams can create value by challenging the CEO

How M&A teams can create value by challenging the CEO

A typical “hold” period of nine to 18 months can generate increased sale value more ..

In Depth
What every company needs to do about big data?

What every company needs to do about big data?

In the first of a three part series, Pat Brans explores just how big 'big data' will get? more ..


* *