The British leather goods specialist Mulberry Group plc has apparently done surprisingly good business in recent months. “The robust sales trend seen in the first half of the 2021/22 financial year has continued in the second half of the year, which will result in consolidated sales for the 2021/22 financial year being slightly above current expectations,” the company said in a Tuesday statement interim report.
Mulberry also announced that the gross margin remained stable in the second half of the year. According to current knowledge, despite additional marketing expenses, the annual profit will also slightly exceed current expectations.
The company intends to present the final figures for the current financial year, which ends on April 2nd, on June 29th. In the first half of the year, Mulberry had increased its sales by 34 percent to 65.7 million pounds sterling (77.6 million euros) compared to the same period last year. Net profit was £7.3m (EUR 8.6m) after posting a loss of £2.0m in the first six months of the previous financial year.