Press Releases
Bulgari: Excellent results of the third quarter confirm strong growth of the year
Bulgari: Excellent results of the third quarter confirm strong growth of the year January – September 2000 :
- Turnover +47%
- Operating Profit +96%
- Net Profit +137%
Rome, 13 November 2000 – Bulgari, the Italian contemporary jeweller announced today in Rome its consolidated results of the first nine months of 2000, showing an increase in turnover of 47% to Euro 437 million for the period January – September 2000 compared to Euro 297 million of the same period of 1999. The increase, at constant exchange rates and at constant consolidation area, was of 34%. During these first nine months Bulgari posted a consolidated operating profit of Euro 81,4 million, compared to Euro 41,5 million of January – September 1999, and a net profit of Euro 55,5 million, against Euro 23,4 million of the same period in 1999.
Turnover increased in all markets and in all product categories. Growth during the third quarter was particularly strong in the watch, accessories and perfume categories, also thanks to the new collections and to the first results of sales of the new fragrance BLV.
Francesco Trapani, Chief Executive Officer of the Bulgari Group commented: “I am very satisfied with these results as they testify the continuation of the great growth trend of the first six months of the year and they also reflect the excellent reception our products obtained all over the world. Furthermore, in the third quarter we finalized several important activities such as the buy back of some of our franchisees. I am very confident that we will close year 2000 with record growth rates.”
BULGARI GROUP
BREAKDOWN PER GEOGRAPHIC AREA
| 30/09/00 | 30/09/99 | |
|---|---|---|
| italy | 12% | 12% |
| europe (exl. italy) | 23% | 23% |
| america | 22% | 21% |
| japan | 22% | 23% |
| far east | 16% | 15% |
| middle east & others | 5% | 6% |
| total | 100% | 100% |
Source: Bulgari SpA
BULGARI GROUP
BREAKDOWN BY PRODUCT CATEGORY
| 30/09/00 | 30/09/99 | |
|---|---|---|
| Jewellery | 33% | 29% |
| watches | 47% | 47% |
| perfume | 14% | 17% |
| accessories | 4% | 4% |
| royalties & others | 2% | 3% |
| 100% | 100% |
Source: Bulgari SpA
Non audited results
For further information:
Francesca Zanoni 06.688 10594
Francesca.Zanoni@bulgari.com