Burberry profits for the last 12 months have grown beyond expectations

Thanks to the business strategy of the new CEO, Marco Gobbetti, Burberry stores the 12 months with an increase in profit that exceeds the forecasts. As of March 31st, the British brand closed its fiscal year with a significant increase in operating profits, which are now adjusted for 467 million pounds (about 532 million euros). At a percentage level, the progression was 5% (+ 2% at constant exchange rates), far exceeding the 453 million that the consensus of Thomson Reuters had predicted. Within the same period, however, revenues fell by 1%, amounting to 2.73 billion pounds, while sales at constant scope confirmed expectations and marked + 3%.