// Group revenues at Mulberry reach £152.4m, up from £114.9m
// UK retail sales at the business rose 36% to £89.8m during the year
The chief executive of Mulberry has said the company has a “clear strategy” for future growth, following a strong recovery post-Covid with revenues and profits rising.
In its preliminary results for the 53 weeks ended 2 April 2022, group revenues rose 23% year on year to reach £152.4m.
Pre-tax profits at the luxury retailer rose by 363% to £21.3m from £4.6m, including a one-off profit from the exit of its Paris store of £5.7m.
UK retail sales increased by 36% to £89.8m, with international retail sales also rising by 20%.
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Digital sales fell by 16% to £47.5m from £56.4m during the period, which the business attributed to customers returning to stores post-pandemic.
Chief executive Thierry Andretta said: “We have made great strides in our mission to be the leading responsible British lifestyle brand, and a pioneer in sustainability,”
“Mulberry continues to delight customers with our beautiful products, made to last with the highest quality, lowest carbon materials in our UK factories.
“The strength of our financial results reflects positive customer response to our product as well as the strategic decisions we have made over the past five years, and I want to take this opportunity to thank my colleagues for their commitment and contribution to the business.
“Whilst the economic and geo-political outlook remains uncertain, we are an iconic international brand with a clear strategy for future profitable, cash-generative growth. We remain well placed to continue to deliver sustainable returns to the benefit of all our stakeholders.”
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