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Jewelry maker Bulgari's revenues up 10.5% on target

Feb '06
Italian jewellary and accessories maker Bulgari Group announced Full year 2005 turnover: 919 million Euro Fourth quarter 2005 turnover: 311 million Euro (+13 percent at comparable exchange rates) Sales growth for the watch segment: +4 percent at comparable exchange rates in the full year 2005 +16 percent at comparable exchange rates in the fourth quarter 2005 Rome, January 31st 2006 –

The revenues of the Bulgari Group in the full year 2005 were 918.7 million Euro compared to 831.6 million Euro in 2004, with an increase of 10.6 percent at comparable exchange rates (+10.5 percent at current exchange rates).

In the fourth quarter 2005 sales were 311.4 million Euro compared to 275.0 million Euro posted in the same quarter 2004 (+12.7 percent at comparable exchange rates and +13.2 percent at current exchange rates) despite the high comparison base of the previous year (+14 percent).

The full year 2005 ended with positive sales results for the Group, which were in line with the company's expectations.

In fact, all product categories benefited from the new launches and the related investments made during the year: at comparable exchange rates, jewellery sales increased by 7.5 percent, watches by 4.5 percent, perfumes by 18.5 percent and accessories by 24.1 percent, also thanks to the excellent sales results during the holiday season.

As far as geographical areas are concerned, the brilliant sales performance in Japan (+17.4 percent at comparable exchange rates and despite the challenging base of +27.2 percent at comparable exchange rates in 2004).

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