(Il Sole 24 Ore Radiocor) - Milano, 14 mag - The UK fashion group Burberry said that revenue in the year ended March 28 fell 2% to 2.420 billion pounds but were flat on a constant currency basis.

Retail comparable sales rose 2% after falling 12% in the prior year with growth driven by a 4% increase in both the Americas and Greater China and a 2% increase in Asia Pacific, while the EMEIA region was flat.

In the fourth quarter alone, retail comparable growth rose 5% with a 10% rise in the Americas and Greater China, a 3% increase in Asia Pacific, offsetting a 2% drop in the EMEIA region.

Adjusted oprerating profit rose to 160 million pounds from 26 million the pior year with a margin of 6.6% from 1.0%, driven by higher quality of sales and a recovery after FY25's inventory reset.

Adjusted diluted earnings per share were 15.2 pence from a loss per share of 14.8 pence the prior year.

In FY27, Burberry expects to make further progress on its financial ambitions with revenue growth and margin expansion.

"We are, however, mindful of the uncertain geopolitical and macro-economic environment and its potential impact on consumer confidence," it cautioned.

It said it expects space to be broadly stable and wholesale revenue is expected to grow by mid-single digit percentage in the first half of FY27.

It expects to book a restructuring charge of around 5 million pounds.

At May 1 spot rates, the impact of year-on-year exchange rate movements is expected to be a 10 million pound headwind on both revenue and adjusted operating profit.

Capex is expected to be approximately 120 million pounds.

(RADIOCOR) 14-05-26 08:30:06 (0168) 5 NNNN