23 Nov 2019
DiamondWorld Directory
Home |
Bulgari expects annual growth between 8% to 9%
Bulgaris 1Q Jewelry Sales +8%, Profits +19% to $23M
By: Diamond World News Service
May 22 2006 12:00AM
Reference: 363  


Bulgari’s First quarter profits rose 19% to EUR 18.2 million ($23.2 million.). Sales rose 14% to EUR 203.9 million ($261 million.) Bulgaris jewelry business grew 8.2% to EUR 79.2 million, according to the company reports. Watch sales grew 13% to EUR 58.3 million, but sales of accessories rose 45% to EUR 25.4 million. For the companys fiscal year, Bulgaris CEO Francesco Trapani said he expects annual growth of between 8% and 9%.

By region, sales in Italy rose 14% (EUR 24.7 million,) across all of Europe sales rose 27% to EUR 48.1 million. In the United States sales rose 15% to EURO 30 million, and Japans sales rose 23% to EUR 58 million. Operating costs rose 17% to EUR 87 million, and according to the companys statement Bulgari production efficiency has offset rising precious metals prices; nonetheless, Bulgari plans to increase retail prices in coming months.

Trapani told a newspaper in Milan, Italy, that rivals interested in taking-over Bulgari would have to offer at least EUR 4 billion after announcement of the companys results, Bulgaris current market value is set at EUR 2.7 billion. Forbes.com contends that Trapanis comments were largely meant to hold off bidders. The Wall Street firm blamed the "lack of upgrade" for the cut and added that "Bulgari majority shareholders are currently investing for the long-term." Bulgaris stock peak during the past 52-weeks has been EUR 10.56, and shares closed May 19, 2006 at EUR 9.09.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
HouseAd_Trade Fair
Search News by City
HouseAd_Trade Fair
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 22050
GJEPC Chairman Interview
Views: 20092
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 27212
Promo for IJ Awards 2012 at NDTV Profit
Views: 40201
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 43927
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 17114
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 41990
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 39703
Finestar Diamonds
Mohra India
Member of:
Supporter of: