Jewelry maker Bulgari's revenues up 10.5% on target

02 Feb '06

4 min read

United States (+12.5 percent at comparable exchange rates in comparison with +22.4 percent at comparable exchange rates in 2004) must be underlined once again, while Far East (-6.5 percent at comparable exchange rates) and Middle East (-0.4 percent at current exchange rates) were penalised by a general weakness of the local market and by the stricter distribution policies carried out by the company towards third parties.

Signs of recovery must be pointed out for Europe (+15.4 percent) and Italy (+15.0 percent), which reached satisfactory sales results thanks both to the positive performance with the local clientele and to an upturn in tourist flows.

In the fourth quarter 2005, turnover showed an increase of 12.7 percent at comparable exchange rates and all product categories continued to rise: at comparable exchange rates, watch sales increased by 16.5 percent, jewellery by 8.2 percent (to be compared with the base of +13.3 percent in the same quarter of the previous year), perfumes by 14.8 percent and accessories by 11.7 percent.

As for geographical areas, Japan registered an outstanding performance (+19.7 percent at comparable exchange rates despite the high comparison base of +29.7 percent in the previous year), as well as Europe (+33.6 percent at current exchange rates) and Middle East (+22.2 percent at current exchange rates).

United States registered a growth of 1.1 percent at comparable exchange rates that should be compared with the very challenging base of +21 percent posted in the fourth quarter of the two previous years, while Italy increased by 8.4 percent thus confirming the positive trend already registered in the past quarters.

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