Mulberry Group Regulatory News (MUL)

7 Apr 2005 07:00

Mulberry Group PLC07 April 2005 MULBERRY GROUP PLC ("Mulberry" or the "Group") 7 APRIL 2005 TRADING UPDATE Sales of accessories, driven by demand for hand bags, have increased stronglyand the results for the full year to 31 March 2005 are likely to exceed currentmarket expectations. The Spring 2005 order book for accessories exceeds the total prior year Springorder book by more than 55% with 8 weeks of the season remaining. Sales in Mulberry's own stores continue to grow strongly. Like for like sales inthe full price UK shops for the first 11 weeks of the Spring 2005 season to 2April are up by 50%, considerably exceeding the 15% growth achieved in theperiod up to Christmas. Sales in the off price retail outlets remain satisfactory. GODFREY DAVIS, CHAIRMAN AND CHIEF EXECUTIVE COMMENTED: "Accelerating sales haveoutstripped expectations. The outlook is very positive, with strong demand forMulberry hand bags from all markets." ENQUIRIES: For further information, please contact:WMC CommunicationsDavid Wynne-Morgan / Charlie Geller - 020 7591 3999 This information is provided by RNS The company news service from the London Stock Exchange