Burberry Group PLC Statement re Burberry Trading Update (0765S)
March 12 2021 - 1:00AM
UK Regulatory
TIDMBRBY
RNS Number : 0765S
Burberry Group PLC
12 March 2021
12 March 2021
Burberry Group plc
Trading Update
This announcement contains Inside Information as defined in
Article 7 of the Market Abuse Regulation.
We are issuing an unscheduled trading update ahead of the 27(th)
March 2021 financial year end. Since December, we have continued to
see a strong rebound and now expect revenue and adjusted operating
profit to be ahead of consensus expectations. Comparable store
retail sales in Q4 FY2021 are expected to be in the range of +28%
to +32% higher than the same period last year. For the full year,
we expect group revenue to decline by -10% to --11% and the
adjusted operating margin to be in the range of 15.5% to 16.5%.
Our Preliminary FY2021 Results will be released on 13(th) May
2021.
The person responsible for arranging the release of this
announcement on behalf of Burberry Group plc is Gemma Parsons,
Company Secretary.
Investors and analysts 020 3367 4458
Julian Easthope VP, Investor Relations Julian.Easthope@burberry.com
Media 020 3367 3764
Andrew Roberts VP, Corporate Relations Andrew.Roberts@burberry.com
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Certain statements made in this announcement are forward-looking
statements. Such statements are based on current expectations and
are subject to a number of risks and uncertainties that could cause
actual results to differ materially from any expected future
results in forward-looking statements. Burberry Group plc
undertakes no obligation to update these forward-looking statements
and will not publicly release any revisions it may make to these
forward-looking statements that may result from events or
circumstances arising after the date of this document. Nothing in
this announcement should be construed as a profit forecast. All
persons, wherever located, should consult any additional
disclosures that Burberry Group plc may make in any regulatory
announcements or documents which it publishes. All persons,
wherever located, should take note of these disclosures. This
announcement does not constitute an invitation to underwrite,
subscribe for or otherwise acquire or dispose of any Burberry Group
plc shares, in the UK, or in the US, or under the US Securities Act
1933 or in any other jurisdiction.
Notes to editors
-- Burberry is a global luxury brand, headquartered in London
-- Burberry is listed on the London Stock Exchange (BRBY.L) and
is a constituent of the FTSE 100 index. Its ADR symbol is
OTC:BURBY.
-- BURBERRY, the Equestrian Knight Device, the Burberry Check
and the Thomas Burberry Monogram and Print are trademarks belonging
to Burberry.
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END
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