Healthy luxury goods sales at PPR

14 Mar '06

3 min read

Comparable Luxury Goods sales grew by nearly 16 percent. Thanks to efficient organization and sustained creative efforts, Gucci Group boasted an outstanding performance, outperforming both the market and its main competitors.

These impressive results are mainly due to the strength of Gucci and the extraordinary success of Bottega Veneta. The efforts of Yves Saint Laurent's new teams resulted in first encouraging signs in the latter part of the year.

The Group pursued its investment policy, stepping up communication investments and expanding its network with an additional 28 stores. Group share of net income from continuing operations, excluding non-current items, grew by 11.2 percent to € 539 million in 2005.

At the May 23, 2006 General Shareholders' Meeting, the Board of Directors will propose a dividend of € 2.72 per share, a 7.9 percent increase over the previous year. Once approved, this dividend will be paid on June 2, 2006.

PPR's Retail division meets a broad spectrum of consumer needs including fashion and beauty products, home furnishings, culture and technology.

PPR Group

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