Friday, 15th April 2005 (4157 views)

The De Rigo group has reported strong profit growth, as it released its unaudited consolidated results for 2004.

Among the brands De Rigo owns is the Chopard luxury watch and jewellery line.

Chopard sells pendants, bracelets, necklaces and rings from precious metals such as gold and platinum.

Results showed that net sales reached €514.4 million, a 1.9 per cent increase on last year.

In addition at December 31st 2004, the net financial position of the De Rigo group was positive and stood at €6.2 million.

Sales in the company's retail sector also increased, with a 7.8 per cent rise to €389.8 million.

Ennio De Rigo, chairman of the De Rigo Group, commented on 2004's results: "We are working to capitalise on the opportunities for sales growth afforded by all of the license agreements we have recently entered into, as well as looking to develop additional new business with Ermenegildo Zegna and Jean Paul Gaultier."

 

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