Bulgari Head Predicts 10-12% Sales Growth in Coming Years

Italian jewelry giant Bulgari is set to grow by 10-12 percent during the next 3-4 years with earnings rising at a pace somewhat above that, according to comments by Chief Executive Officer Francesco Trapani.

Trapani was speaking after the release of impressive results on Monday that showed profits up 35 percent to 33.7 million euro ($43 million) and sales up seven percent to 352.8 million euro ($431 million).

Jewelry continued its “extraordinary growth”, the company said, rising 15.2 percent, credited to strong sales of high jewelry collections.

The watch segment recovered, posting an increase of 7 percent.

Trapani warned, however, that the firm’s future performance depended “on the world market remaining largely stable, thus without events causing it to improve or worsen noticeably”.