09/07/2006 : 2006 First-Half Results
- Strong growth in recurring operating income: +27%
- Luxury Goods up sharply: +70%
- Retail holding up well: +5%
- Recurring operating income margin up from 4.6% to 5.4%
François-Henri Pinault, Chairman and Chief Executive Officer, stated: “In the first half of 2006, PPR posted solid growth in operating income and significantly improved profitability. The period was also marked by the implementation of several projects designed to further improve our operating performance: focus on our priority activities, strengthening of our positions through bolt-on acquisitions, and the sale of Printemps. We are pursuing our organic growth strategy more vigorously than ever, with international operations our priority, as all our activities enjoy significant development potential. The strong positioning of each of our companies and brands in buoyant markets should enable us to improve our full-year performance in 2006.”
In the first half of 2006, PPR recorded revenues from continuing operations of €8,294 million, up 7.7% on the first half of 2005.
Of this total, 56.3% was generated outside France, an increase of 1.6 points.
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PRESENTATION
You can listen to the presentation of the 2006 half-year results today at 8.30 am Paris time.
Live
In French: +33 (0)1 70 99 42 70
In English: UK: +44 (0)20 7138 0835
US: +1 718 354 1172
Replay (available through September 22, 2006)
In French: +33 (0)1 71 23 02 48
Access code: 5524973#
In English:
UK: +44 (0) 20 7806 1970
US: +1 718 354 1112
Access code: 9045472#
A live audio webcast(Real and Windows Media Player formats) as well as the presentation slides (PDF)
will be available from8.30am Paris time at www.ppr.com. A replay will be available later in the day.
You will also have the opportunity to
podcast the presentation at
www.ppr.com later in the day.
CONTACTS
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