Burberry reports revenue increases in 2014

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Burberry Group, a British luxury fashion chain, announced Wednesday that total revenue in the six months to March 31, 2014 was up 19 percent from a year earlier, reaching 1.29 billion pounds (2.17 billion U.S. dollars).

Retail revenue, which accounted for around 70 percent of the group's total revenue, increased by 13 percent to 928 million pounds in the second half of fiscal year 2014, with 12 percent comparable sales growth and digital turnover outperforming in all regions, figures showed.

Wholesale revenue, excluding the Beauty brand, rose by 11 percent to 240 million pounds in the same period. Beauty's wholesale turnover grew significantly to 93 million pounds. Meanwhile, licensing revenue was up 2 percent to 37 million pounds.

The group's revenue from the Asia Pacific region increased by 19 percent to 516 million pounds, while turnover from EMEIA (Europe, Middle East, India and Africa) and the Americas grew by 21 and 27 percent to 425 million pounds and 320 million pounds respectively.

"Burberry begins a new year with Beauty firmly established as the fifth product division and investment in flagship markets, such as Shanghai, further increasing the brand's appeal to the core luxury customer at home and when travelling," Angela Ahrendts, chief executive officer at Burberry, commented in a press release.

She added, however, that current exchange rates are a "materiel headwind" in what remains an uncertain macro environment.

The pound climbed to 1.682 versus U.S. dollars on Wednesday, the highest since November 2009, Bloomberg data showed. The pound has grown by 5.6 percent in the past six months. Endi

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