1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Burberry Group plc
  6. News
  7. Summary
    BRBY   GB0031743007

BURBERRY GROUP PLC

(BRBY)
  Report
Delayed London Stock Exchange  -  05/20 11:36:00 am EDT
1590.00 GBX   -0.28%
05/20FOCUS : Big brands fret over China as middle-class spurns luxury
RE
05/20Goldman Sachs Keeps Burberry At Buy, Hikes PT
MT
05/19Jefferies Lifts Burberry PT, Maintains Hold Rating
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ferragamo's sales grow 31.4% in 2021

01/27/2022 | 12:27pm EDT
FILE PHOTO: FILE PHOTO: Zurich amid COVID-19 outbreak

MILAN (Reuters) - Sales at Italian luxury group Salvatore Ferragamo rose by 31.4% last year, in line with market expectations, although they are still far below pre-pandemic levels.

The leather goods maker said on Thursday 2021 revenues totalled 1.136 billion euros ($1.27 billion), in line with a Refinitiv consensus of 1.135 billion euros.

In the fourth quarter sales grew by 23.5% at constant exchange rates, thanks to a strong performance in the United States and booming online revenues.

Most luxury groups have already reached, if not exceeded, pre-COVID levels, showing the challenge facing Ferragamo's new Chief Executive Marco Gobbetti, who started at the Florentine group this month after 4-1/2 years at the helm of Burberry.

The pandemic crisis hit just as family-owned Ferragamo strived to rejuvenate a brand famous for the shoes worn by Hollywood stars such as Audrey Hepburn.

In 2019, before the health crisis, Ferragamo posted sales of 1.377 billion euros in sales, but lockdown measures and a collapse in tourism led to a 33% revenue drop in 2020 for a group that is more exposed than rivals to travel spending.

Gobbetti's main task will be to step up its turnaround efforts and revitalise the brand with a new fashion director after British designer Paul Andrew left in April. (This story corrects 2020 sales drop to 33% from 20% in paragraph six)

($1 = 0.8971 euros)

(Reporting by Claudia Cristoferi, editing by Silvia Aloisi)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BURBERRY GROUP PLC -0.28% 1590 Delayed Quote.-12.74%
SALVATORE FERRAGAMO S.P.A. -2.61% 15.29 Delayed Quote.-32.13%
All news about BURBERRY GROUP PLC
05/20FOCUS : Big brands fret over China as middle-class spurns luxury
RE
05/20Goldman Sachs Keeps Burberry At Buy, Hikes PT
MT
05/19Jefferies Lifts Burberry PT, Maintains Hold Rating
MT
05/18GLOBAL MARKETS LIVE : Aviva, Burberry, Target, Netflix, Meta...
05/18MARKETSCREENER'S WORLD PRESS REVIEW : May 18, 2022
05/18Burberry Counts On China Recovery To Drive Fiscal 2023 Growth After Reaching Record Rev..
MT
05/18TRANSCRIPT : Burberry Group plc, 2022 Earnings Call, May 18, 2022
CI
05/18Burberry pins prospects to China's COVID recovery
RE
05/18Burberry's FY22 Profit Jumps On 21% Revenue Growth
MT
05/18Burberry Group plc Maintains Guidance of Revenue Growth
CI
More news
Analyst Recommendations on BURBERRY GROUP PLC
More recommendations
Financials
Sales 2022 2 817 M 3 512 M 3 512 M
Net income 2022 384 M 479 M 479 M
Net cash 2022 1 012 M 1 261 M 1 261 M
P/E ratio 2022 16,7x
Yield 2022 3,10%
Capitalization 6 279 M 7 827 M 7 827 M
EV / Sales 2022 1,87x
EV / Sales 2023 1,83x
Nbr of Employees 9 373
Free-Float 99,4%
Chart BURBERRY GROUP PLC
Duration : Period :
Burberry Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BURBERRY GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Last Close Price 1 586,00 GBX
Average target price 1 976,65 GBX
Spread / Average Target 24,6%
EPS Revisions
Managers and Directors
Jonathan Akeroyd Chief Executive Officer
Julie Brown Director, Chief Operating & Financial Officer
Mark McClennon Chief Information Officer
Matthew David Key Independent Non-Executive Director
Fabiola Raquel Arredondo Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
BURBERRY GROUP PLC-12.74%7 827
INDITEX-28.43%66 928
KERING-36.29%59 366
FAST RETAILING CO., LTD.-10.95%46 662
ROSS STORES, INC.-18.88%32 574
HENNES & MAURITZ AB-28.98%21 113