01/25/2007 : 2006 Fourth Quarter and Full Year Sales
PPR: revenues increase by 5.9% in 2006
Retail held up well: up 3.3%
Excellent performance in Luxury Goods: up 17.6%
In 2006, PPR posted revenues from continuing operations of € 17.9 billion, up by 5.9% on an actual basis and up by 4.8% on a comparable basis on 2005. Revenues outside France rose by 8.6% and accounted for 55% of the Group’s total sales.
In the fourth quarter, total Group sales increased to € 5.4 billion, up by 3.2% on an actual basis and up by 2.2% on a comparable basis on the fourth quarter of 2005.
François-Henri Pinault, Chairman and Chief Executive Officer of PPR, stated: “2006 marked another year of sustained growth at PPR, which recorded a 5.9% increase in revenues. All the Luxury Goods brands continued to outperform their markets, due to the talent of the designers and the brands strong positioning. Our Retail companies are holding up well in a challenging environment, thereby enabling the Retail division to post an estimated recurring operating margin* for 2006 which is slightly better than one year earlier.”
* The “Recurring Operating Income Margin” is defined as the ratio: Recurring Operating Income / Revenues.
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 January 25, 2006.
EUROPE: +33 (0)1 70 99 42 82
Replay: +33 (0)1 71 23 02 48
UK: +44 (0)20 7365 1851
Replay: +44 (0)20 7806 1970
USA: +1 718 354 1152
Replay: +1 718 354 1112
Replay access code: 3758649 # (until February 5, 2007)
PRESENTATION
The slides (PDF format) will be available before the conference call at
www.ppr.com
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