Press Releases
Bulgari: growth forecasted for the next 3/4 years with stable market conditions
Rome, September 14 2004 – In light of the excellent financial results for the first semester 2004 published yesterday, Francesco Trapani, Chief Executive Officer of the Bulgari Group, added : “If the worldwide market remains substantially stable - without significant events that could have both positive or negative effects - I am confident that Bulgari, on an annual basis and in the next 3/4 years, will register a sales growth rate of around 10-12% and an increase in profits slightly higher than the one expected for revenues”.
Bulgari is one of the global players on the luxury market. In 2003 the Group posted a turnover of 759 million Euro, a net profit of 92 million Euro. With a market cap (as of. 10.09.2004) of 2,325 million Euro, Bulgari relies on a distribution network of over 180 stores in the most exclusive shopping areas in the world and on .Bulgari has a product portfolio that ranges from jewels and watches to accessories and fragrances. The Group is controlled by the Bulgari family, holding 54% of shares. The remaining 46% is floating on the Milan Stock Exchange.
For further information
Paolo Piantella
Corporate Financial Press Office Director
tel. +39 06 68 810 593
email: paolo.piantella@bulgari.com