Report
Jean Danjou

Burberry : La croissance en retail reste en dessous de la moyenne du secteur

>CA et EBIT ajusté annuels sans grande surprise, CA T4 retail en croissance de 7% y/y en comparable - Le groupe publie un CA annuel à 2 826 M£ et un EBIT ajusté à 523 M£ (marge à 18.5% avec une marge brute en ajusté à 70.6%), nous attendions 2 810 M£ et 509 M£ (marge 18.1% avec une marge brute à 70%), le consensus FactSet avant publication était à 2 830 M£ et 521 M£ et l’indication précédente donnée par le groupe (croissance de +35% y/y tcc) suggérait un EBIT ajusté...
Underlying
Burberry Group plc

Burberry Group designs, makes, sources and sells luxury products under the Burberry brand. Co.'s products are for women, men and children and include apparel, accessories, and beauty. Co.'s products are sold globally through its directly operated store network and online at Burberry.com, as well as through franchisees and third-party retailers, both offline and online. In a few selected areas such as Eyewear and Beauty, Co. uses the product and distribution capability of licensing partners. Co. operates in three regions: Asia Pacific; Europe, Middle East, India and Africa; and Americas. As of Mar 31 2017, Co.'s store portfolio had 469 directly-operated stores and 48 franchise stores.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean Danjou

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