Turnover of 548 million (+23,3% on an annual basis), operating profit of 15,3 million (up by 11,8 million) and net profit of 9,1 million, a strong improvement compared to the loss of 7,7 million in 2010. These are the figures from the half-year report approved today by the Bulgari Board of Directors.
As for the sectors, jewelery grew by 20,2%, watches by 25,9% and accessories by 24,2%. The European market expanded by 18,6%, with Italy at +11,1%. In Asia, excluding Japan, the increase was as much as 44,2% (+59,5% in China). The contribution margin increased by 21,3% compared to the first half of 2010 (from 275,9 to 334,6 million). Total operating costs also increased (+10,8%, from 221 to 245 million) and net financial debt (+17,6%), reaching 135 million.
