PPR revenues up 21.9%

07 Nov '07

3 min read

In the first nine months of 2007, PPR posted revenues of €14.4 billion, up 15% on an actual basis and up 6% on a comparable basis compared to the same period in 2006.

Revenues include sales of Puma, fully consolidated as from April 1, 2007. Revenue growth on a pro-forma basis (including Puma as from January 1, 2006) would have amounted to 6.1% in the first nine months of 2007.

In the 3rd quarter of 2007, the Group recorded sales of €5.2 billion, up 21.9% on an actual basis and 6.8% on a comparable basis versus Q3 2006. Revenues outside France accounted for 61% of the total, versus 56% in Q3 2006.

Commenting on the quarter, François-Henri Pinault, Chairman and Chief Executive Officer of PPR, stated: “PPR turned in another set of robust performances in the third quarter despite the more challenging monetary environment and economic outlook.

Once again, these numbers reflect the efficiency and balance of our Group, both in terms of businesses and in terms of geographical presence. ”

Fnac posted 7.1% growth in sales on a comparable basis. In this quarter, Fnac France gained market share in all segments and recorded growth of 5.2%, underpinned by sales of technical products (+10%).

In August, Fnac continued to expand its presence outside city centers, opening its third out-of-town store in Thiais. Four new stores are scheduled to open by the end of 2007.

Highlights of the quarter included the successful launch of Fnac's new home-services activity (training, installation, technical assistance) and the unveiling of Fnaclive, a new community and cultural website.

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