Burberry revenue up 19%

Burberry said that its operations in Europe (excluding Spain) had seen revenue go up 35 per cent to £194 million compared with the same period in 2006/07. Spanish revenue in the period increased only marginally by four per cent to £91 million.

The company said that in North America it had seen revenue growth of 20 per cent from £113 million to £135 million, in the period. In Asia Pacific, Burberry reported revenue growth of 10 per cent to £126 million.

In total revenue was up 19 per cent from £458 million to £546 million.

Angela Ahrendts, chief executive officer of Burberry, said, "Burberry had a good finish to the year, against the background of an increasingly challenging external environment. Looking forward, we are thrilled with the momentum of our brand as our core luxury, retail and non-apparel strategies continue to gain traction, while our seasoned management team focuses on improving the operational aspects of our business."