News From January to June this year, the Italian jeweller Bulgari recorded a turnover of 389.2 million euros, an increase of 10.1% compared to the first half of 2004 and even 11.1% at fixed exchange rates.
With 163.5 million euros and an increase of 6.9% (8.0% without exchange rate effects) jewellery remains by far the group’s main sector of activity. Watchmaking, meanwhile, saw business stagnate during the first six months of the year, at 108.1 million (+0.1% at fixed exchange rates). Other noteworthy results included those of perfumes (+22.0% to 70.4 million) and accessories (+34.6% to 36.2 million).
In terms of markets, the Americas registered the highest growth (+28.5% to 61.3 million euros). Next came Japan (+17.8% to 97.7 million), Italy (+14.6% to 51.6 million), Europe (+6.1% to 83.5 million) and the Far East (+5.1% to 66.5 million).
The General Manager of the Italian group, Francesco Trapani, said he was satisfied with these results. Commenting on the situation in the watchmaking division, he noted that it would benefit in the second half-year from the favourable impact of new models presented at Baselworld.
September 02, 2005