Financial News

2007/08 PRELIMINARY RESULTS

28 MAY 2008

Burberry Group plc, the global luxury company, today announces its results for the year ended 31 March 2008.

Angela Ahrendts, Chief Executive Officer, commented:

“Burberry's 18% revenue growth and 14% profit increase demonstrate the robustness of our global luxury business in these challenging times, with consistent performance across our regions, channels and products. Brand momentum remains strong and we are investing in the future, continuing to grow and innovate our iconic outerwear, while developing exciting new businesses such as shoes, jewellery and childrenswear.”

	Year to 31 March		*% change*
£ million	2008	2007	*reported*	*underlying^#*
Revenue	995.4	850.3	17	18

Adjusted operating profit *	206.2	185.1	11	14
Operating profit	201.7	157.0	28	32
Profit before taxation	195.7	156.3	25

Diluted EPS (pence)	30.5	24.7	23
Adjusted diluted EPS (pence)*	31.6	29.1	9

Dividend per share (pence)	12.0	10.5	14

* “Adjusted” refers to profitability measures calculated before:
1. Atlas costs of £19.6m (2007: £21.6m) which relate to the Group’s infrastructure redesign initiative announced in May 2005.
2. Plant closure costs of nil in 2008 (2007: £6.5m).
3. Net profit of £15.1m (2007: nil) relating to the relocation of global headquarters.

^# Underlying change is calculated at constant exchange rates.

Certain financial data within this announcement have been rounded.

Operational highlights

Consistent double-digit underlying revenue growth by region, channel and product

26% growth in Europe and Americas; Asia Pacific up 17%
20% growth in retail and wholesale
39% growth in non-apparel; womens and mens up double-digit

Retail 49% of sales; opened net

20 mainline stores
49 concessions
10 franchise stores in Emerging Markets

Non-apparel 32% of retail/wholesale revenue (up from 28% in 2007)

Success in luxury handbags and shoes

Continued transformation of back of house operations

SAP core system built and deployed in corporate functions and European retail
Sourcing gains achieved
Direct deliveries to US started

Financial highlights

Total revenue of £995m, up 18% underlying
For retail and wholesale combined

Revenue up 20% underlying
Adjusted operating profit up 23% underlying
Operating margin up 30 basis points to 14.9%

Adjusted operating profit including licensing of £206.2m, up 14% underlying
Reported profit before tax of £195.7m, up 25%
Adjusted diluted EPS of 31.6 pence, up 9%
Full year dividend of 12 pence per share, up 14%

Enquiries:

Burberry		020 7968 5919
Stacey Cartwright	Chief Financial Officer
Fay Dodds	Director of Investor Relations







Brunswick		020 7404 5959
David Yelland
Laura Cummings
Robert Gardener

There will be a presentation today at 9am (UK time) to analysts and investors at the Merrill Lynch Financial Centre, 2 King Edward Street, London, EC1A 1HQ. The presentation can be viewed live on the Burberry website (www.burberryplc.com) and can also be accessed live via a dial-in facility on 44 (0)20 7081 7194. The supporting slides and an indexed replay will also be available on the website later in the day.

Burberry will update on trading on 15 July 2008 when it will issue its Interim Management Statement in respect of the First Quarter.

Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future results in forward-looking statements.

This announcement does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any Burberry Group plc shares. Past performance is not a guide to future performance and persons needing advice should consult an independent financial adviser.

View the full Results in PDF format.

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