All product categories deliver underlying revenue growth at Burberry
19 May '09
3 min read
“Adjusted” refers to profitability measures (pre and post tax) calculated excluding: - Restructuring costs of £54.9m (2008: nil) relating to the Group's cost efficiency programme. - Impairment charges of £129.6m (2008: nil) relating to Spanish goodwill (£116.2m) and stores (£13.4m). - Credit of £1.7m (2008: nil) representing negative goodwill on the formation of the Burberry Middle East joint venture. - Impact of one-off tax credits of £32.6m (2008: nil). - Net charge of £7.9m (2008: net profit of £15.1m) relating to the relocation of global headquarters. - Atlas costs of nil (2008: £19.6m) relating to the Group's infrastructure redesign initiative.
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