Burberry half year profits live up to forecasts

Burberry has reported that its first half results are in line with the initial forecasts.

The fashion house reported that in the six months to 29^th September, operating profit was £173 million, comparing to £127 million in the same period the year before.

The company has said that there has been an ‘exceptional’ response to Riccardo Tisci’s debut collection for the brand.  The collection was the second most viewed show on Vogue.com.

Marco Gobbetti, Burberry chief executive, said: “We are energised by the early results as we begin to transform and reposition Burberry.

“The initial response from influencers, press, buyers and customers to our new creative vision and Riccardo’s debut collection Kingdom has been exceptional.

“Mindful that we are only in the first phase of our multi-year plan, we continue to manage dynamically through the transition. We confirm our outlook for the full year.”