Burberry Group PLC announce that an interim dividend of 11.6p (last half year: nil) per share has been approved by the Board of Directors after 25 September 2021. Accordingly, this dividend has not been recognised as a liability at the period end. The interim dividend will be paid on 28 January 2022 to Shareholders on the Register at the close of business on 17 December 2021. The ex-dividend date is 16 December 2021 and the final day for dividend reinvestment plan ('DRIP') elections is 7 January 2022.
Other financial highlights include:
Adjusted operating profit £196m, 4.2x CER, 3.8x reported
Adjusted operating profit includes a £5m profit from the disposal of a property
Gross margin increased +130bps CER (+120bps reported). In line with their elevation strategy, gross margin benefited from a higher mix of full-price sales and product elevation driving higher average prices
Operating expenses impacted by higher investment and cost normalisation as guided
Adjusted diluted EPS 33.5p, up 7.3x
