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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Burberry Group    BRBY   GB0031743007

BURBERRY GROUP

(BRBY)
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European luxury stocks fall on worries over China slowdown

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10/04/2018 | 07:51am EST
The logo of Kering is seen during the company's 2015 annual results presentation in Paris

PARIS (Reuters) - Shares in European luxury goods companies were among the worst performers on Thursday in a broader stock market downturn, with traders and analysts citing persistent concerns over a slowdown in China.

Kering shares, which hit a record high of 522.40 euros in July, were down 5.8 percent at 435.70 euros.

Kering's French rival LVMH, whose shares also hit a record high in May and which reports third-quarter revenue next week, were down 3.7 percent while Burberry fell 4.3 percent.

"We expect further solid momentum in the luxury sector in coming years, driven by the increasing size of the middle class and affluent clienteles in China, the appetite of millennials for luxury brands, especially in Asia and China and the strong potential of e-commerce in a more digital world," brokerage Bryan Garnier wrote in a research note.

"Some slowdown is nevertheless likely in coming quarters given challenging comparison bases and uncertainty in China, even though companies have noted no sudden break in the trend in recent months," added Bryan Garnier.

(Reporting by Sudip Kar-Gupta, Danilo Masoni and Blandine Henault; editing by Jason Neely)

Stocks mentioned in the article
ChangeLast1st jan.
BURBERRY GROUP 1.14% 1958.5 Delayed Quote.11.58%
HERMÈS INTERNATIONAL 0.29% 553.2 Real-time Quote.13.74%
KERING 0.69% 479.9 Real-time Quote.15.28%
L'ORÉAL -0.18% 225.2 Real-time Quote.11.53%
LVMH MOËT HENNESSY VUITTON SE 1.01% 300 Real-time Quote.15.01%
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Financials (GBP)
Sales 2019 2 725 M
EBIT 2019 446 M
Net income 2019 317 M
Finance 2019 831 M
Yield 2019 2,22%
P/E ratio 2019 25,38
P/E ratio 2020 22,69
EV / Sales 2019 2,62x
EV / Sales 2020 2,53x
Capitalization 7 967 M
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Technical analysis trends BURBERRY GROUP
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 20
Average target price 18,7  GBP
Spread / Average Target -3,6%
EPS Revisions
Managers
NameTitle
Marco Gobbetti Chief Executive Officer & Director
Gerard Martin Murphy Chairman
Julie Brown Director, Chief Operating & Financial Officer
Fumbi Chima Chief Information Officer
Mark McClennon Global Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
BURBERRY GROUP11.58%10 385
INDITEX - INDUSTRIA DE DISEÑO TEXTIL13.78%89 875
KERING15.28%68 220
FAST RETAILING CO LTD-5.56%48 909
ROSS STORES12.94%34 661
GAP-2.33%9 452