British fashion house Burberry posted consensus-beating first-half earnings growth today and appointed a new chief financial officer as it confirmed its recovery on a resurgent luxury goods market.
Burberry, whose trademark beige check adorns its raincoats, accessories and leather goods, notched up a 21 per cent rise in earnings before interest, tax and amortisation to £66.9 million sterling over the same period a year ago.
The numbers comfortably beat consensus analysts' forecasts of £63 million . Net income and earnings per share grew by 25 per cent to £45.4 million and nine pence, respectively.
"Burberry's encouraging performance . . . reflects the diversity of our business across product categories, channels and regions. With these results, Burberry is trading in line with the consensus range of expectations for the financial year," chief executive Ms Rose Marie Bravo said.