Burberry Group H1 FY21 revenue falls 31%
to £878 mn
Group plc, a British luxury fashion house, has announced
its first half (H1) results for fiscal 2021 that ended
on September 28. Revenue for the six-month period
declined 31 per cent to £878 million compared to revenue
of £1,281 million in same period previous year.
Attributable profit for H1 FY21 fell to £48 million (H1
FY20: £150 million).
momentum we had built was disrupted by Covid-19 at the
start of the year, we were quick to adapt, while making
further progress against our strategy. While the virus
continues to impact sales in EMEIA, Japan and South Asia
Pacific, we are encouraged by our overall recovery and
the strong response to our brand and product,
particularly among new and younger customers,” Marco
Gobbetti, chief executive officer of Burberry Group,
said in a press release
during the first half of FY21 slipped to £598 million
(£865 million). Operating profit plunged to £88 billion
(£202 million). Group’s profit before taxation was £73
million (£193 million).
sales in Asia Pacific region decreased 12 per cent to
£439 million (£500 million). Sales in EMEIA came down 49
per cent to £251 million (£487 million). While, in
Americas sales fell 37 per cent to £170 million (£270
environment which remains uncertain, we will continue to
deliver exceptional product, localise plans and shift
resources, while leveraging the strength of our digital
platform to inspire customers,” Gobbetti said.