BOTTEGA VENETA – SALES UP 38.5% IN 2012 FOR BOTTEGA VENETA
Milan, February 16, 2013 – New record year for Bottega Veneta, which closed 2012 with 945.1 million euro in total revenue, up by 38.5% compared to 682.6 million euro achieved in 2011. Recurring operating income for the current fiscal year has reached 300 million euro, posting an increase of 46.7% compared with 204.6 million euro in the previous year. Recurring operating margin therefore achieved 31.8% compared to 30% in 2011.
“We are extremely pleased with the results achieved in 2012,” said Marco Bizzarri, President and CEO of Bottega Veneta. “Despite the difficult economic conditions, our vested interest in being consistent with regard to the brand’s values, combined with the absolute will for continuous improvement in all business areas, have been essential factors that have led to the heightened global success of BottegaVeneta.”