Mulberry Group PLC Trading Update and notice of Full Year Results (3102G)
March 29 2022 - 1:00AM
UK Regulatory
TIDMMUL
RNS Number : 3102G
Mulberry Group PLC
29 March 2022
FOR IMMEDIATE RELEASE
29 March 2022
Mulberry Group plc
Trading Update and notice of Full Year Results
Full year revenue and profit to be moderately ahead of
expectations
This announcement contains inside information as defined in
Article 7 of the Markets Abuse Regulation.
Mulberry Group plc (the "Group" or "Mulberry"), the British
sustainable luxury brand, announces a trading update for its
financial year ending 2 April 2022 ("FY22").
The robust sales trend delivered in the first half of FY22 has
continued throughout the second half, which will result in Group
revenue for FY22 being moderately ahead of current expectations.
Gross margins have been maintained.
Mulberry has taken this opportunity to increase its marketing
investment in the second half of FY22 to further build global brand
awareness. Despite this additional expenditure, the profit for FY22
will be moderately ahead of current expectations.
The Group's balance sheet remains strong with net cash balances
at FY22 expected to be in excess of GBP20 million. The Group
intends to announce its FY22 results on 29 June 2022.
Enquiries:
Mulberry Group plc Tel: +44 (0) 20 7605
Charles Anderson (Group Finance Director) 6793
Houlihan Lokey (Financial Adviser Tel: +44 (0) 20 7484
and NOMAD) 4040
Tim Richardson
Headland (Public Relations) Tel: +44 (0) 20 3805
4822
Lucy Legh / Kirsty Carruthers
Barclays (Broker) Tel: +44 (0) 20 3134
9801
Nicola Tennent
The person responsible for arranging the release of this
announcement on behalf of the Company is Charles Anderson, Group
Finance Director.
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END
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