MUL Mulberry Group Plc

RNS No 5459t
MULBERRY GROUP PLC
12  April 1999 
 
TRADING UPDATE
 
Mulberry Group plc announces that the loss before tax for
the   year  ended  31  March  1999  will  exceed   market
expectations.   In the light of this the Board  does  not
expect to recommend a dividend for the year.
 
Export  sales  in  the last quarter have been  materially
below  expectations with difficult trading conditions  in
both  Europe  and the Far East.  This, coupled  with  the
continued  strength  of sterling, has depressed  profits.
However,  the  decision to position a  large  element  of
manufacturing overseas, which was implemented during  the
year just ended, should show benefit in the future.
 
Significant  factors which have contributed  towards  the
loss  for the year, but are non-recurring, have been  the
re-structuring of the Company and its manufacturing base,
and the reduction in stocks.
 
Mulberry's  bankers  continue to  be  supportive  of  the
management and the strategy being followed by the Group.
 
The  Group  expects  to release its  preliminary  results
announcement for the year in July.
 
END


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