Luxury brand posts positive performance
Luxury goods and jewellery brand Bulgari has revealed that sales in the third quarter rose 8.1 per cent at comparable exchange rates to Eu218.1 million (£146.8 million), while net profit fell 7.6 per cent to Eu26.3 million (£17.7 million).
Bulgari chief executive officer Francesco Trapani said the performance confirmed a positive trend. However, he said: 'There is no doubt that the quarter's registered sales performances and therefore operating profits were penalised by the terrorist attacks in the UK and by the hurricanes in the US, where sales performance was lower than our expectations.'
The jeweller said sales continued to increase in Japan and the US, while the sales trend in the Middle East registered a decrease of 16.2 per cent because of general weakness of the market.
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