Press Releases
Bulgari: record sales in 2000 - consolidated net revenues up 40% at Euro 680* million
Rome, 31 January 2001 – Bulgari, the Italian contemporary jeweler, announced today in Rome its preliminary consolidated net turnover for the year ended 31 December 2000.
Bulgari’s net turnover increased by 40% to Euro 680 million , against Euro 485 million in 1999 (comparable exchange rates +29%)
Turnover increased in all geographic areas. Growth was particularly strong in the Far East with over 55%, in Italy and in the Middle East with over 40% and in Japan and Europe (excluding Italy) with over 35%. The Americas increased of about 30%.
Sales increased in all product categories: jewelry increased by over 45%, watches by over 40%, perfumes by more than 25% and accessories increased by over 50%.
Concerning the distribution 12 new Bvlgari stores were opened in year 2000, reaching 99 stores, 72 of them owned and 27 franchised.
The year was marked by the expansion of the travel retail channel, that by year end counted on 27 units, with an increase of 19 points of sale compared to 1999.
The wholesale distribution network was further reinforced and reached about 600 authorized watch retailers (more than half of them distribute jewelry also) and more than 10.000 perfume doors.
Francesco Trapani, Chief Executive Officer of the Bulgari Group commented: “In 2000 we continued to implement successfully our strategy of a further development of the Bulgari Group posting a record growth year. The products that were launched in 2000, such as the B.zero1 ring, the female scent BLV, the Rettangolo watch and the new accessories, were created with a strong drive of innovation and welcomed with enthusiasm by our clientele. I therefore believe in the possibility of obtaining excellent results also for this year, thanks to further strong growth and development of our Group. All this despite the economic environment which looks less favorable than last year. In fact, the Bulgari Group can count on a diversified product portfolio and a well balanced geographic distribution that will allow further dynamic development of our business” .
* preliminary results
For further information: Francesca Zanoni, tel +39-06.688 10594