07/27/2006 : 2006 Second Quarter Sales
Impressive growth in Luxury Goods: up 20.3% in the first half of 2006
Satisfactory performance in Retail: up 5% in the first half of 2006
PPR, a global player in the Retail and Luxury Goods sectors, posted revenue of € 8,294 million from its continuing operations in the first half of 2006. This figure represented an increase of 7.7% in actual terms and 6.6% on a comparable basis in terms of scope and exchange rates as compared with the first half of 2005.
In the second quarter of 2006, Group sales totalled € 4,059 million, up 7% in actual terms and 6.2% on a comparable basis in terms of scope and exchange rates.
François-Henri Pinault, Chairman and Chief Executive Officer of PPR, stated:
“In the first half of 2006, PPR continued its growth, driven by the performance of Retail, notably abroad, and the outstanding development of Luxury Goods activities. The second quarter was marked by the plan for the sale of Printemps, a major turning point in the history of PPR. The Group remains focused on its positioning in the two sectors, Retail and Luxury Goods, which are demonstrating a better balance today. PPR continues to pursue its organic growth strategy with an emphasis on international expansion.”
CONFERENCE CALL
PPR will hold a conference call for analysts, investors and journalists: at 3 pm (Continental Europe)/ 2 pm (United Kingdom); 9 am (East Coast time, USA), on Thursday July 27, 2006.
EUROPE: +33 (0)1 71 23 04 20
Replay: +33 (0)1 71 23 02 48
UK: +44 (0)20 7138 0838
Replay: +44(0)20 7806 1970
USA: +1 718 354 1362
Replay: +1 718 354 1112
Replay access code: 4971540 # (until 31 August 2006)
PRESENTATION
Press:
Peggy Nahmany
+33 (0)1 45 64 65 06
Catherine Malek
+33 (0)1 45 64 61 20
Analysts/Investors:
Alexandre de Brettes
+33 (0)1 45 64 61 49