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    BRBY   GB0031743007

BURBERRY GROUP PLC

(BRBY)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/26 06:54:43 am
1883 GBX   +1.13%
06:26aPandemic-fuelled lust for labels augurs well for LVMH
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01/24Stifel Boosts Burberry Group's PT, Keeps Buy Rating
MT
01/24TAKE FIVE : All about inflation
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Metaverse: a $50 billion revenue opportunity for luxury - MS

11/16/2021 | 06:47am EST
A 3D printed Facebook's new rebrand logo Meta is placed on laptop keyboard in this illustration

MILAN (Reuters) - Digital demand for fashion and luxury brands is expected to grow from current low levels and result in extra sales for the industry that could reach $50 billion by 2030, according to Morgan Stanley.

"Revenue streams from digital mediums for luxury brands are negligible... We think this is about to change," strategists at the U.S. investment bank wrote in a note on Tuesday.

"The Metaverse will likely take many years to develop; however, NFTs and social gaming (e.g., online games and concerts attended by people's avatars) present two nearer-term opportunities for luxury brands," it said.

According to Morgan Stanley, NFTs (non-fungible tokens) and social gaming could expand luxury group's total addressable market by more than 10% in eight years time and boost industry earnings before interest and tax by around 25%.

Noting how one in five Roblox gamers update their avatars daily, it said luxury brands are exploring a number of collaborations with gaming and Metaverse platforms.

It also said Italian brand Dolce & Gabbana's recent sale of nine NFTs for $5.7 million, albeit small, highlights the virtual and hybrid luxury goods' huge potential over the coming years.

"We expect the whole sector to benefit from the advent of the Metaverse, but see the soft luxury brands (ready-to-wear, leather goods, shoes, etc.) as particularly well positioned as opposed to hard luxury (jewellery and watches)," it said.

(Reporting by Danilo Masoni; Editing by Saikat Chatterjee)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BURBERRY GROUP PLC 1.02% 1881.5 Delayed Quote.2.45%
HERMÈS INTERNATIONAL 0.73% 1313 Real-time Quote.-15.17%
KERING 1.81% 656.4 Real-time Quote.-8.78%
LVMH MOËT HENNESSY LOUIS VUITTON SE 2.31% 683 Real-time Quote.-8.25%
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Analyst Recommendations on BURBERRY GROUP PLC
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Financials
Sales 2022 2 801 M 3 782 M 3 782 M
Net income 2022 368 M 498 M 498 M
Net cash 2022 989 M 1 336 M 1 336 M
P/E ratio 2022 20,7x
Yield 2022 2,61%
Capitalization 7 427 M 10 019 M 10 030 M
EV / Sales 2022 2,30x
EV / Sales 2023 2,09x
Nbr of Employees 9 373
Free-Float -
Chart BURBERRY GROUP PLC
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Technical analysis trends BURBERRY GROUP PLC
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TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Last Close Price 1 862,00 GBX
Average target price 2 107,78 GBX
Spread / Average Target 13,2%
EPS Revisions
Managers and Directors
Julie Brown Director, Chief Operating & Financial Officer
Gerard Martin Murphy Chairman
Mark McClennon Chief Information Officer
Matthew David Key Independent Non-Executive Director
Carolyn Julia McCall Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
BURBERRY GROUP PLC2.45%10 019
INDITEX-4.10%96 136
KERING-8.78%90 006
FAST RETAILING CO., LTD.4.12%60 979
ROSS STORES, INC.-15.46%34 135
HENNES & MAURITZ AB-3.09%30 755