03/08/2007 : 2006 Annual Results

Very satisfying 2006 performance: strong momentum in Luxury Goods, solid growth in Retail

 
Sharp growth in recurring operating income: +20%

Free cash flow from operations up to record level, over €1 billion

Strong growth in Group share of net income from continuing operations excluding non-recurring items: +31.5%

 

François-Henri Pinault, Chairman and Chief Executive Officer of PPR, stated, “With a remarkable increase in net income, PPR once again demonstrates the efficiency of its business model. This performance highlights the sound positioning of our Retail activities and the quality of our Luxury Goods portfolio. Our ambition for 2007 is to further improve the Group’s operating and financial performances and to significantly improve value creation”.

     

 

PPR posted 2006 revenues of €17,931 million, up nearly 6% over the prior year.
Revenues outside France rose by 8.6% compared to 2005 and accounted for 55% of the Group’s total sales.

 

Download the complete release (.pdf - 76 Ko)

 

Download the financial statements (.pdf - 96 Ko)

 

 

PRESENTATION

 

You may attend the presentation of the 2006 Full Year results today at 8.30 am Paris time.

A live videocast (Real and Windows Media Player formats) as well as the presentation slides (PDF) will be available from 8.30am 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:  
Catherine Malek     
+33 (0)1 45 64 61 20
cmalek@ppr.com

Analysts/Investors: 
Alexandre de Brettes    
+33 (0)1 45 64 61 49
adebrettes@ppr.com

  
Emmanuelle Marque       
+33 (0)1 45 64 63 28
emarque@ppr.com

Website:  www.ppr.com