As far as geographical areas are concerned, the sales trend in the United States continued to be very positive (+28.5 percent in the first semester 2005 and +23.8 percent in the second quarter compared to the last year's high base of +32.9 percent). Also Japan continued to post a very fast growth rate (+17.8 percent compared to the whole semester 2004).
Despite the persistent uncertainty of macro-economic conditions, the Italian market registered a striking performance in the semester (+14.6 percent). Revenues increased in the rest of Europe as well (+6.1 percent) with a particularly promising trend in the second quarter (+11.8 percent).
All the variations are expressed at comparable exchange rates.
Francesco Trapani, Chief Executive Officer of the Bulgari Group, thus commented : “The satisfactory results achieved in the first semester confirm the strength of the Bulgari brand all over the world, the solidity of the Group, and the efficacy of its strategies, making me confident also for the second half of the year. The positive trend of jewellery, the core business of the company, is continuing together with the outstanding performance of perfumes and accessories.
The excellent results registered by this latter category encouraged the company to invest and develop more aggressively the accessory business through a project of fully dedicated Bulgari stores in order to exploit at best all the potentialities still unexpressed.”
marketing@alchempro.com
