A model presents a creation from the Burberry 2010 Autumn/Winter collection. Reuters

Burberry are set to announce their full year results tomorrow with strong growth in their upmarket raincoats and shoes sales expected.

The clothing manufacturer - which is led by chief creative director Christopher Bailey - posted operating losses of £9.9 million last year but have since recovered with four successive quarters of retail growth, though wholesale remained in decline.

The spring/summer collection is now on sale, fronted by Harry Potter actress, Emma Watson and analysts reckon the business is well prepared for a wholesale recovery and growth in developing countries.

"We believe that Burberry is well placed to benefit from consumer growth outlook in particular in Asia." said Goldman Sachs, who expect £206.6m pre-tax profits to be announced tomorrow.

They offer a 'buy' rating with target price of 883.5p:

"Burberry release FY results on May 26 and we expect this to act as a positive catalyst for the shares."

"At that time we expect an update on restructuring of the Spanish operations, store roll out and an update on the Japanese licensing business." they added, pointing out stronger top line, margin, and cash flow generation in their forecast for 2011.

The brand is well-known for using British talent in its advertising, including models Kate Moss, Agyness Deyn and Lily Donaldson, singer George Craig, and now actress Emma Watson.

Fans include Lord Mandelson and Gwyneth Paltrow both of whom attending the launch of their current range at London Fashion Week.

Shares in the fashion house fell 17 pence today to 612.50 though are expected to rise tomorrow.