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Bulgari sees robust growth of perfumes in H1

28
Jul '05

Contemporary Italian jewelers and watchmakers Bulgari reported in the first semester 2005 the revenues of the Bulgari Group were 389.2 million Euro with an increase of 11.1 percent in comparison with 353.3 million Euro posted in the first six months of the previous year.

In particular, the increase of 10.3 percent registered in the second quarter 2005 has a challenging base in the same period of last year (+14.8 percent in the second quarter 2004).

Breaking down product categories, in the first semester 2005 jewellery continued its growth (+8.0 percent), while the watch segment – which will benefit from the favourable impact of the new models presented at the Basel Fair mainly in the second half of the year – remained substantially stable (+0.1 percent) at 108.1 million Euro (-1.7 percent in the second quarter 2005 and to be compared with the very high base of +12.8 percent posted in the second quarter 2004).

It is worth underlining the healthy growth of perfumes (+22.0 percent in the semester) and the strong acceleration registered in the second quarter of this year (+24.6 percent compared to +24.4 percent in the second quarter 2004) thanks in particular to the great success of the new men's fragrance Aqva.

Accessories also received an extraordinary hail (+34.6 percent in the semester), strengthening in the second quarter (+41.7 percent) the brilliant performance already registered in the first three months of the year (+28.3 percent).

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