01/26/2006 : 2005 Fourth Quarter and Full Year Sales
PPR: sales growth in the fourth quarter confirms
the year’s strong momentum
Fourth-quarter revenues up 3.9% to € 5,464 million
Full-year revenues up 4.8% to € 17,766 million
- Outstanding performance in Luxury Goods:
Fourth-quarter revenues up 16.3% to € 901 million
Full-year revenues up 15.9% to € 3,036 million
- Further growth in Retail:
Fourth-quarter revenues up 1.9% to € 4,576 million
Full-year revenues up 2.8% to € 14,760 million
François-Henri Pinault, Chairman and Chief Executive Officer of PPR, stated:
"PPR's sales growth in the fourth quarter and full year underscores the relevance of our strategy. The Group’s balance - in terms of products, retail formats, brands and geographic presence - allows us to outperform the markets in which we operate. Our Retail activities proved highly resilient against a backdrop of patchy economic growth in Europe, in a trading environment characterized by intense competition and a flood of new products. We head into 2006 with confidence. Under the guidance of their new teams, our Luxury Goods brands had a truly outstanding year. Gucci generated record sales in the year, while the strong sales momentum of the other luxury brands provides a solid platform for further growth in 2006."
For the first time, PPR is releasing its fourth-quarter sales figures in accordance with International Financial Reporting Standards (IFRS). The change in revenues by activity for the fourth quarter and over the full year is as follows:
CONFERENCE CALL
PPR will host a conference call for analysts, investors and journalists: at 3.00 p.m. (Continental Europe) / 2.00 p.m. (United Kingdom) / 9.00 a.m. (US East Coast) on Thursday, January 26, 2006.
EUROPE: +33(0)1 55 17 41 41
Replay: +33(0)1 71 23 02 48
UK: +44(0)20 7784 1017
Replay: +44(0)20 7784 1024
US: +1 718 354 1158
Replay: +1 718 354 1112
Replay access code: 9902241#
PRESENTATION
Media:
Catherine Malek
+33(0)1 45 64 61 20
Analysts/Investors:
Alexandre de Brettes
+33(0)1 45 64 61 49