PPR Group Q2 net revenues up 18.1%

27 Jul '07

2 min read

In the 2nd quarter of 2007, the Group recorded revenues of € 4.8 billion, up 18.1% on an actual basis and 5.6% on a comparable basis versus the Second quarter of 2006. Revenues outside France accounted for 61% of the Group's total sales, versus 57% in the Second quarter of 2006.

Excluding Puma, revenues on comparable basis were up 5.7% in the first half and 5.9% in the Second quarter of 2007.

François-Henri Pinault, Chairman and CEO of PPR, stated: “PPR has once again demonstrated its ability to deliver highly sustained growth in its businesses. Further to the successful outcome of our recent voluntary takeover offer, Puma has broadened our portfolio of international brands with high growth potential and will strengthen our global presence.

The first half of 2007 also saw historical growth at CFAO, a healthy recovery at Conforama, strong results at Fnac, resilience at Redcats, as well as the strength and efficiency of Gucci Group's multi-brand strategy.”

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PPR is a global player in Retail and Luxury Goods, with approximately 78,000 employees in 75 countries. Through its Retail businesses Redcats Group, Fnac, Conforama and CFAO, and the Luxury brands of Gucci Group (Gucci, Bottega Veneta, Yves Saint Laurent, YSL Beauté, Balenciaga, Boucheron, Sergio Rossi, BEDAT & CO, Alexander McQueen and Stella McCartney), PPR generated sales of EUR 17.9 billion in 2006. PPR shares are listed on Euronext Paris.

The PPR Group

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