Mr Bailey said: "The strength of this performance reflects sustained strategic focus, continued investment, disciplined execution and outstanding brand momentum during the year.
"As we enter a new chapter, our teams are united and energised by the opportunities ahead - from unlocking Japan, to accelerating Beauty and further integrating the physical and digital to deliver distinctive experiences.
"While mindful of macroeconomic uncertainties and currency headwinds, we remain focused on the things we can control and confident of driving sustainable future growth, benefiting all our stakeholders."
Burberry has handed its new chief executive a “golden hello” in shares worth up to £7.5m and an annual pay package of up to £8.1m.
Mr Bailey’s package includes a £440,000 allowance for clothing and other items, £53,000 more than former boss Angela Ahrendts, who is leaving the British fashion house to join US technology giant Apple as its head of retail. The difference is believed to be because Ms Ahrendts has a car and driver that Mr Bailey will not use.
He will be handed a £1.1m salary, an annual cash bonus of up to £2.2m and £330,000 in pension contributions. Mr Bailey could also be eligible for share awards of £4.4m a year until 2017 under a performance-based executive share plan.
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