Press Releases
Bulgari: brilliant first quarter 2000 Turnover +56% Operating profit at 23 million Euro (5.5 million Euro in 1999) Euro 12.6 million Euro net profit (-0.6 million Euro in 1999)
Rome, 12 May 2000 – Bulgari, the Italian contemporary jeweller announced in Rome today its consolidated first quarter results of 2000. Showing an increase of turnover of 56% to 122.6 million Euro compared to 78.4 million Euro of 1999.
During the same period of time Bulgari posted a consolidated operating profit of 23.0 million Euro, compared to 5.5 million Euro in 1999, and a net profit of 12.6 million Euro against –0.6 million Euro in 1999.
Turnover increased in all markets and all product categories. Growth was particularly strong in Europe and in the Far East, while on the product side sales more than doubled in the jewellery category compared to the same period last year.
Francesco Trapani, Bulgari's Chief Executive Officer commented: "I'm extremely satisfied with the results obtained in these first three months of the year, as they follow a brilliant 1999. Moreover, they testify the extraordinary strength of the Bvlgari brand since they were not yet impacted by this year's new product launches".
BULGARI GROUP
BREAKDOWN PER GEOGRAPHIC AREA
| 1 Q 2000 | 1 Q 1999 | |
|---|---|---|
| ITALY | 10% | 13% |
| EUROPE | 24% | 21% |
| AMERICA | 21% | 22% |
| JAPAN | 22% | 22% |
| FAR EAST | 18% | 17% |
| MIDDLE EAST/OTHERS | 5% | 5% |
| TOTAL | 100% | 100% |
Source: Bulgari SpA
BULGARI GROUP
BREAKDOWN BY PRODUCT CATEGORY
| 1 Q 2000 | 1 Q 1999 | |
|---|---|---|
| JEWELLERY | 35% | 26% |
| WATCHES | 46% | 47% |
| PERFUME | 13% | 19% |
| ACCESSORIES | 4% | 5% |
| ROYALTIES | 2% | 3% |
| TOTAL | 100% | 100% |
Source: Bulgari SpA
Non audited results
For further information:
Francesca Zanoni (+39-06-688 10 594)
Francesca.Zanoni@Bulgari.com