Burberry Group PLC (LSE:BRBY)
£ 11.885 0.235 (2.02%) Market Cap: 4.26 Bil Enterprise Value: 5.15 Bil PE Ratio: 9.83 PB Ratio: 3.91 GF Score: 78/100
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Full Year 2023 Burberry Group PLC Earnings Call Transcript

May 18, 2023 / 08:30AM GMT
Release Date Price: £23.89 (-5.20%)
Jonathan Akeroyd
Burberry Group plc - CEO & Executive Director

Hello. Thank you for joining us today for Burberry's preliminary full year results presentation.

In terms of the agenda for today, I will start off with some brief remarks on our performance, then hand over to Ian to update you on our financial results. I will then provide an update on the business, and we'll take your questions at the end.

I'm very pleased with our performance and the progress over the past year. We have delivered strong financial results. Revenue comp was up 7% and 14% excluding Mainland China. And adjusted operating margin increased 60 basis points at constant exchange rates. This was driven by strong performances in leather goods and outerwear and revenue accelerating in the fourth quarter as growth rebranded in Mainland China.

In November, we set a clear ambition and strategy for the next phase. Since then, we have successfully launched a new creative expression for the brand, and Daniel has presented his first show for Burberry. We are building on our strong foundations with a new brand

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