The luxury fashion brand Burberry saw its revenue exceed £1 billion for the first time in the first half of its financial year.
Total revenues increased by 17% to £1.03 billion in the six months leading to the end of September while adjusted profit before tax was £173.9 million compared to £173.4 million in the same period last year.
While global footfall in Burberry’s stores remained the same, Burberry found visits to its website grew significantly with online sales doing well in all regions. Offline, Burberry’s flagship markets performed well driven by the travelling luxury customer.
Angela Ahrendts, Burberry chief executive, said: "We are proud to announce a first half performance that saw Burberry's revenue exceed £1bn for the first time, reflecting the continuing strength of our global brand momentum.
“We remain focused on executing our retail, digital and marketing strategies in the all-important third quarter and in what remains an uncertain macro environment. The senior team continues to balance brand appropriate revenue growth, selective investment and infrastructure efficiencies to drive sustainable profit growth across the portfolio, especially with the significant long-term potential of our fifth product division, beauty."
