TIDMMUL

RNS Number : 7933W

Mulberry Group PLC

28 April 2021

28 April 2021

Mulberry Group plc

Trading Update

This announcement contains inside information as defined in Article 7 of the Markets Abuse Regulation.

Mulberry Group plc (the "Group" or "Mulberry"), the British luxury brand, this morning announces a trading update for the year ended 27 March 2021 ("FY21").

In the Group's results for the 26 weeks to 26 September 2020, the Board stated that revenue for FY21 was expected to be lower than in the year ended 28 March 2020, but that losses would be reduced.

As a result of continued strong growth in the Group's Asian markets, strong sales on the Group's global digital platforms and improved margins due to lower mark-down sales, the Board now expects that the Group will outperform expectations and report a small underlying profit before tax for FY21.

The Group's preliminary results for FY21 are expected to be announced on 22 July 2021.

Enquiries:

 
 Mulberry Group plc                           Tel: +44 (0) 20 7605 
  Charles Anderson (Group Finance Director)                   6793 
 
 GCA Altium (Financial Adviser and            Tel: +44 (0) 20 7484 
  NOMAD)                                                      4040 
 Tim Richardson 
 
 Headland (Public Relations)                  Tel: +44 (0) 20 3805 
                                                              4822 
 Lucy Legh / Jane Glover 
 
 Barclays (Broker)                            Tel: +44 (0) 20 3134 
                                                              9801 
 Nicola Tennent 
 

The person responsible for arranging the release of this announcement on behalf of the Company is Charles Anderson, Group Finance Director.

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April 28, 2021 02:00 ET (06:00 GMT)

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