This announcement contains inside information as defined in Article 7 of the Markets Abuse Regulation.
Mulberry Group plc (the “Group” or “Mulberry”), the British luxury brand, this morning announces a trading update for the year ended 27 March 2021 (“FY21”).
In the Group’s results for the 26 weeks to 26 September 2020, the Board stated that revenue for FY21 was expected to be lower than in the year ended 28 March 2020, but that losses would be reduced.
As a result of continued strong growth in the Group’s Asian markets, strong sales on the Group’s global digital platforms and improved margins due to lower mark-down sales, the Board now expects that the Group will outperform expectations and report a small underlying profit before tax for FY21.
The Group’s preliminary results for FY21 are expected to be announced on 22 July 2021.