Bulgari Q4 revs fall 5 pct, sees better 2010

MILAN, Jan 28 (BestGrowthStock) – Italian jeweller Bulgari SpA
(BULG.MI: ) expects 2010 to be better than last year as markets
improve, it said on Thursday, as it posted a 5 percent fall in
fourth quarter revenues.

Bulgari said in a statement fourth quarter revenues totalled
297 million euros ($417 million), showing a lessening of the
sales contraction seen in previous quarters.

Sales at Bulgari own stores rose 12 percent at comparable
exchange rates in the quarter and in the first three weeks of
January.

It said full year 2009 revenues fell nearly 14 percent to
926.5 million euros.

Chief Executive Francesco Trapani told Reuters in a
telephone interview he expected the market improvement to
continue in 2010. “The general environment, the sentiment has
improved, especially if you compare the situation of today and
the first part of 2009,” he said.

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Bulgari Q4 revs fall 5 pct, sees better 2010