Burberry revenues boosted by China

Suzie Neuwirth

BURBERRY’S revenues rose eight per cent to £2bn this year, with growth particularly strong in China.

Nearly 90 per cent of Asia Pacific revenue came from retail, with China and Hong Kong delivering double-digit sales growth in the year.

The British luxury goods house said that China accounted for 14 per cent of revenue and that sales grew by 20 per cent.

Sales growth in Europe remained flat after a strong first quarter.

“Finishing the year with a strong retail performance both online and offline, Burberry achieved record revenue and profit in 2012/13,” said chief executive Angela Ahrendts.

“Looking ahead, although the macro environment remains uncertain, Burberry is well positioned with opportunity by channel, region and product.

“With the integration of Beauty in April, we have added another exciting growth platform. Our brand momentum, proven strategies and closely connected global team provide confidence in Burberry's future performance.”