BULGARI - turnover and profits up

“Once again the obtained results demonstrate the strength and potential of the Bulgari brand and represent a further confirmation of the validity of our strategy,” Francesco Trapani, the Bulgari group's Chief Executive Officer stated when the company's half-yearly results were announced.
Turnover is up by 44% to Euro 272.1 million (526.8 billion Lira); operating profit is up 78% to Euro 50.7 million (98.1 billion Lira) and net profit is up by 101% to Euro 35.3 million (68.3 billion Lira). The jewellery segment saw an increase of 79% and the watch sector increased by 43%.
Turnover increased significantly in all geographic areas, but there was particularly strong growth in Europe (+46%) the Far East (+47%), Japan (+46%) the Americas (+37%) and Italy (+34%).
“I am very satisfied that Bulgari concluded the acquisition of Daniel Roth and GÉrald Genta and Manufacture de Haute Horlogerie SA to further strengthen the watch sector,”
Trapani concluded.