• FY adjusted pre-tax profit up 8% to GBP461m
  • Revenue up 17% to GBP2.33bn
  • Retail/wholesale revenue up 19%

Fashion business Burberry posted an 8% rise in underlying full-year profits, boosted by a double-digit revenue surge and a 19% hike in retail/wholesale revenue.

Comparable store sales rose 12% in the year to 31 March, the UK company said, highlighting “focused investment” in its flagship markets, including four store openings in Shanghai alone.

Outerwear, men’s wear and large leather goods were the key growth drivers, it added.

“The strength of this performance reflects sustained strategic focus, continued investment, disciplined execution and outstanding brand momentum during the year,” said Christopher Bailey, company CEO and chief creative officer.

Burberry said the transformation of its business in Japan was “well under way”, adding that it was investing in its retail presence in key cities such as Tokyo and Osaka, and making an “orderly transition” from its licensed product model.

Conlumino analysts added: "As Burberry enters a new age under Christopher Bailey’s leadership, commentators will be watching to see what his fresh perspective will bring to the fortunes of the company. His creative skill is globally respected but the coming year will be the true reflection of his ability to lead from the front in a commercial capacity. FY2015 will be the real indicator of whether Bailey can demonstrate creativity and business panache in equal measure when standing on his own two feet."