博柏利

Lex_Burberry
博柏利股票值得持有


Lex专栏:投资者应持有奢侈品股,因为亚太国家对高端品牌有着旺盛的需求。以博柏利为例,它的股价在金融危机期间触底后便一路上涨,迄今已涨了7倍多。

Britain’s high street may be soggy but high-end trenchcoat maker Burberry is not. The eurozone can melt down, China can slow and rain can fall, but the luxury goods company is as impermeable as its wet-weather gear. Yesterday Burberry reported that revenues and profits before tax for the year to March had both risen by about a quarter. Operating margins widened 80 basis points to 16.4 per cent as brand-conscious customers in the Asia-Pacific region (making up nearly two-fifths of sales) donned its apparel or carried its bags. Burberry’s shift from wholesaler to retailer under chief executive Angela Ahrendts has paid off too: more than two-thirds of sales now come from retail versus two-fifths when she arrived in 2006. Its market capitalisation has even overtaken that of Marks and Spencer, the UK high street store chain.

英国商业街上的气氛或许有些沉闷,但高端风衣生产商博柏利(Burberry)的情况完全不同。欧元区可能解体,manbetx3.0 manbetx20客户端下载 增长可能放缓,天可能下雨,但这家奢侈品企业就像它生产的风衣一样不惧风雨。周三,博柏利发布财报称,它在截至3月底的这个财年的税前收入和税前利润均增长了约四分之一。由于亚太地区具有品牌意识的顾客(占销售额的近五分之二)纷纷穿上博柏利的服装或拎上它的手袋,其营业利润率增加了80个基点,至16.4%。在首席执行官安吉拉•阿伦茨(Angela Ahrendts)带领下,博柏利从批发商转型为零售商,此举也带来了回报:阿伦茨在2006年就职时零售业务占博柏利销售额的五分之二,现在则占了三分之二以上。博柏利的市值甚至已超过英国商业街上的连锁商店玛莎百货(Marks and Spencer)。

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