Continued strong momentum in the first quarter fueled significant market share gains. As a result, sales totalled €73.9 million, advancing 27.8% at current exchange rates and 35% at constant exchange rates over the equivalent prior-year period.

•Highlights by brand

Burberry fragrances had an exceptional first quarter with sales up more than 34% to €52 million in response to:
• good performances by the brand's historic lines,
• the successful worldwide launch of the new women's line Burberry The Beat, rapidly restocked at points of sale following strong initial demand.

Without major launches in the start of the year, Lanvin fragrances sales overall remained on track.

Following a very solid performance by the First line, Van Cleef & Arpels fragrances exceeded targets with sales of €5 million for the quarter.

• Highlights by region

The company continues to benefit from its international positions and balanced sales mix, with strong growth both in mature markets such as Europe (+33%) and new markets such as Asia (+56%).

Despite the challenging economic environment, sales volumes nevertheless expanded in North America with double-digit organic growth.

Finally, contributions of the new European distribution subsidiaries are starting to accelerate with sales outperforming initial forecasts.


Paris, April 24, 2008

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