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Mulberry Group PLC (MUL.L)

MUL.L on London Stock Exchange

1,085.00GBp
24 Mar 2017
Change (% chg)

-4.00 (-0.37%)
Prev Close
1,089.00
Open
1,083.00
Day's High
1,100.00
Day's Low
1,083.00
Volume
13,496
Avg. Vol
5,820
52-wk High
1,174.50
52-wk Low
911.39

Latest Key Developments (Source: Significant Developments)

Mulberry says tourist spend helps London sales even as domestic demand softens
Thursday, 8 Dec 2016 02:00am EST 

Mulberry Group Plc : Half year report . Total revenue up 10 pct to 74.5 million stg (2015: 67.8 million stg) . Strong balance sheet with cash of 11.3 million stg at end of period (2015: 4.1 million stg) . Total retail sales for 10 weeks to 3 December 2016 up 4% (like-for-like up 3 pct) . International development strategy progressed with creation of majority-owned new business across China, Hong Kong and Taiwan . Tourist spending has benefitted sales in London, although domestic demand has softened in recent weeks . Anticipates additional FY costs of c. 1 million stg due to foreign exchange movements and an additional c. 2 million stg for strategic investments into north asia . UK and global outlook has become more uncertain since we last reported, however we are in a good position to continue to build our business . H1 loss before tax 0.5 million (2015: profit before tax 0.1 million) . Digital sales up 32 pct, accounting for 14 pct of group sales (2015: 12 pct) . Inventory reduced to 43.7 million stg (2015: 47.7 million stg) through strategic initiative . H1 pretax loss -500,000 stg versus 100,000 stg profit year ago .H1 revenue rose 10 percent to 74.5 million stg.  Full Article

Mulberry to form entity to operate in China, Hong Kong and Taiwan
Thursday, 8 Dec 2016 02:00am EST 

Mulberry Group Plc : Signing of an agreement with Challice Ltd to form a new entity to operate group's business in China, Hong Kong and Taiwan . Group will own 60 pct of share capital of new company, Mulberry (Asia) Limited ("Mulberry Asia") . Mulberry - Challice, which owns c. 56 pct of group's share capital, is under same ultimate shareholder control as Mulberry's existing distributor in region, club 21 . Mulberry Asia is expected to be loss-making during its first two years before moving into profit . Mulberry Asia will be funded by a mix of equity and debt with initial share capital totalling c. 3.2 million stg, of which co's share will amount to 2 million stg .Expects to directly invest c. 3 million stg in additional regional marketing support over next two years.  Full Article

Mulberry Group says full year revenue up 5 pct
Thursday, 16 Jun 2016 02:00am EDT 

Mulberry Group Plc : Fy revenue rose 5 percent to 155.9 million stg . Fy pretax profit 6.2 million stg versus 1.9 million stg year ago . Fy Retail sales up 8% to £118.7 million (2015: £109.9 million), with like-for-like sales up 8% . Earnings per share of 4.5p (2015: loss per share of 2.3p) . Fy Wholesale sales £37.2 million (2015: £38.8 million) . Total retail sales for 11 weeks to 11 june up 9% (like-for-like up 4%) . Continued investment planned in product design and omni-channel infrastructure . New autumn winter 2016 collection rollout to retail and wholesale channels will be completed by august 2016 . Fy UK retail sales (including digital) were up 9% (like-for-like up 9%) for year to £97.4 million (2015: £89.2 million); . Fy international retail sales (including digital) were up 3% (like-for-like up 2%) for year to £21.3 million (2015: £20.7 million) . Gross margin for year to 31 march 2016 was 62.0% (2015: 60.5%) . Board of mulberry seeks to balance paying dividends to shareholders with investing in business .Board remains confident of medium term outlook and is recommending payment of a dividend of 5.0 p per ordinary share (2015: 5.0p).  Full Article

Mulberry Group PLC proposed dividend
Thursday, 11 Jun 2015 02:00am EDT 

Mulberry Group PLC:Recommending payment of dividend on ordinary shares of 5.0 pence per ordinary share (2014: 5.0 pence).Dividend will be paid on Nov. 26 to shareholders on the register on Oct. 30.  Full Article

Mulberry Group Plc gives FY 2015 revenue outlook above analysts' estimates
Thursday, 9 Apr 2015 02:00am EDT 

Mulberry Group Plc:Sees revenue for FY 2015 will be in line with expectations at 148 million Pounds (2014: 163 million Pounds).FY 2015 revenue of 147 mln Pounds - Thomson Reuters I/B/E/S.  Full Article

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