Francesco Trapani, Chief Executive Officer of the Bulgari Group, thus commented: "In a negative economic environment like the one which is currently characterizing the markets, the results reached by the Group in the first quarter are in line with the Company's expectations as for the revenues, and even higher in terms of profits. In light of this, of the outstanding orders recorded at the Basel Fair, of the great care and commitment to further enhance the already high quality in all product categories and of the excellent performance in the emerging markets, I am confident in the sales trend for the forthcoming months and, in absence of a further deterioration of the economic environment, I can confirm for 2008 the guidance already given to the market of an increase in sales (at comparable exchange rates), in operating profit and in net profit between 8% and 12%".

Bulgari is one of the global players on the luxury market. In 2007 the Group posted a turnover of 1,091.0 million Euro. The Group is controlled by the Bulgari family, holding about 52.0% of the share capital. The remaining 48.0% is floating on the Milan Stock Exchange.