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| Burberry sees strong revenue growth in Asia-Pacific | Burberry sees strong revenue growth in Asia-Pacific |
| (35 minutes later) | |
| Burberry, the UK luxury fashion brand, has reported a strong rise in sales over the Christmas period. | Burberry, the UK luxury fashion brand, has reported a strong rise in sales over the Christmas period. |
| Revenue rose 14% to £528m ($866m; 635m euros) for the third quarter to 31 December 2013, the company said. | Revenue rose 14% to £528m ($866m; 635m euros) for the third quarter to 31 December 2013, the company said. |
| A 12% rise in comparable sales was "in line with our expectations", said chief executive Angela Ahrendts, who is leaving to join Apple this year. | A 12% rise in comparable sales was "in line with our expectations", said chief executive Angela Ahrendts, who is leaving to join Apple this year. |
| Burberry is famous for its red, black and camel checked patterns. | Burberry is famous for its red, black and camel checked patterns. |
| Ms Ahrendts warned that exchange rates could prove "a significant headwind in the second half and beyond". | Ms Ahrendts warned that exchange rates could prove "a significant headwind in the second half and beyond". |
| Shoppers were increasingly buying online and making use of its "click-and-collect" service, the company said. | Shoppers were increasingly buying online and making use of its "click-and-collect" service, the company said. |
| As a result Burberry's digital division "outperformed". | As a result Burberry's digital division "outperformed". |
| 'Double-digit growth' | |
| Outerwear, such as its trademark raincoats, and large leather goods contributed about half of the growth, it said, while men's accessories and tailoring "grew strongly". | Outerwear, such as its trademark raincoats, and large leather goods contributed about half of the growth, it said, while men's accessories and tailoring "grew strongly". |
| Burberry opened five new stores in the period, including two in China and the first Burberry Beauty Box in Covent Garden, London. | Burberry opened five new stores in the period, including two in China and the first Burberry Beauty Box in Covent Garden, London. |
| The Asia-Pacific region delivered "double-digit comparable sales growth", the company said, while other regions' growth was in single figures. | The Asia-Pacific region delivered "double-digit comparable sales growth", the company said, while other regions' growth was in single figures. |
| Looking forward, the company said its outlook remained unchanged from the interim results in November 2013. | Looking forward, the company said its outlook remained unchanged from the interim results in November 2013. |
| Burberry's shares were up more than 6% in early morning trading as the market reacted positively to the trading statement. | |
| Its shares are up nearly 13% over the last 52 weeks. | |
| Richard Hunter, head of equities at stockbrokers Hargreaves Lansdown said: "Burberry has trounced expectations and the share price is racing ahead as a result. | |
| "This update could provide something of a springboard for Burberry," he added. |