07/28/2005 : 2005 Second Quarter Sales
PPR sales rise 4% to EUR 3,986.9 million in the second quarter and +3.1% to EUR 8,094.4 million in the first half of 2005
. Robust growth in Luxury:
+12.5% to EUR 639.3 million in the second quarter
+11.2% to EUR 1,350.8 million in the first half
. Good resilience in Retail:
+2.5% to EUR 3,353.9 million in the second quarter
+1.6% to EUR 6,755.5 million in the first half
François-Henri Pinault, Chairman and CEO of PPR, commented:
'PPR continued to grow in the second quarter, despite a difficult economic climate. Thanks to the talent and creativity of our teams, the Luxury business continued to advance at a remarkable pace. In Retail, we have consolidated our leadership positions in international markets, largely offsetting the weakness of the French market. The figures we are announcing today underscore the relevance of our strategic choices and of PPR's positioning in its two core businesses.'
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CONFERENCE CALL
PPR will host a conference call for journalists, analysts and investors: at 3.00 p.m. (Continental Europe) / 2.00 p.m. (United Kingdom) / 9.00 a.m. (US East Coast time) on Thursday, July 28, 2005.
From Europe: +33(0)1 55 17 41 48
Replay: +33(0)1 71 23 02 48
From the United Kingdom: +44(0)20 7784 1018
Replay: +44(0)20 7784 1024
From the United States: +1 718 354 1171
Replay: +1 718 354 1112
Replay access code: 4912006#
PRESENTATION
Slides will be available on www.pprfinance.com before the conference call
CONTACTS
Media:
Lorie Lichtlen
+33(0)1 45 64 65 06
Analysts/Investors:
Alexandre de Brettes
+33(0)1 45 64 61 49
Media website: www.pprlive.com
Analysts/investors website: www.pprfinance.com