ALTAGAMMA CONSENSUS 2015 Forecast on the Worldwide Personal Luxury Goods Industry in 2015 Armando Branchini Vice Chairman OSSERVATORIO ALTAGAMMA – ALTAGAMMA MONITOR Milan, 14 October 2014 ALTAGAMMA CONSENSUS 2015 With the collaboration of international analysts: § ALTAGAMMA § GOLDMAN SACHS § BAIN & CO ITALY § KEPLER CHEUVREUX § BANCA AKROS § McKINSEY & CO § BANK VONTOBEL § MEDIOBANCA § BCG § MIRABAUD § CITI § NATIXIS § CREDIT SUISSE § NOMURA § DELOITTE § REDBURN § DEUTSCHE BANK § SANFORD C. BERNSTEIN § EQUITA SIM § SOCIETE GENERALE § EXANE BNP PARIBAS § TELSEY ALTAGAMMA CONSENSUS 2015 CONSTANT-CURRENCY We believe the presentation of our forecasts on a constant-currency basis improves the ability to evaluate luxury products and markets performances in comparison to prior periods. Constant-currency information compares results between periods as if exchange rates had remained constant period-over-period. ALTAGAMMA CONSENSUS 2015 - PRODUCTS PRODUCTS 1st Half 2015 2nd Half Full Year 2015 2015 Apparel 4,0% 4,0% 4,0% Art de la Table 1,0% 1,0% 1,0% Jewelry, Watches, Pens and Lighters 5,0% 5,0% 5,0% Leather, Shoes and Accessories 6,0% 6,0% 6,0% Fragrances and Cosmetics 4,0% 4,0% 4,0% ALTAGAMMA CONSENSUS 2015 – PRODUCTS All sectors are forecasted to grow over the full 2015. Leather, Shoes and Accessories is the sector with the highest expected growth ratio. Apparel is forecasted to grow steadily. Fragrances and Cosmetics, with a 4% forecast growth ratio, are seen in a very good shape. 1st Half 2015 2nd Half 2015 Full Year 2015 PRODUCTS Apparel 4,0% 4,0% 4,0% Art de la Table 1,0% 1,0% 1,0% Jewelry, Watches, Pens and Lighters 5,0% 5,0% 5,0% Leather, Shoes and Accessories 6,0% 6,0% 6,0% Fragrances and Cosmetics 4,0% 4,0% 4,0% ALTAGAMMA CONSENSUS 2015 – MARKETS 1st Half 2015 2nd Half 2015 Full Year 2015 Europe 4,0% 4,0% 4,0% North America 4,0% 4,0% 4,0% Latin America 4,0% 4,0% 4,0% Japan 5,0% 5,0% 5,0% Asia 6,0% 6,0% 6,0% Middle East 6,0% 6,0% 6,0% Rest of the World 6,0% 6,0% 6,0% MARKETS ALTAGAMMA CONSENSUS 2015 – MARKETS All markets are forecasted to grow steadily in 2015. Rest of the World, Asia and Middle East are the Markets with the highest forecasted growth ratio. North America reconfirms its leading role in the worldwide luxury goods consumption. MARKETS Europe North America Latin America Japan Asia Middle East Rest of the World 1st Half 2015 4,0% 4,0% 4,0% 5,0% 6,0% 6,0% 6,0% 2nd Half 2015 Full Year 2015 4,0% 4,0% 4,0% 4,0% 4,0% 4,0% 5,0% 5,0% 6,0% 6,0% 6,0% 6,0% 6,0% 6,0% ALTAGAMMA CONSENSUS 2015 All forecasts for the Personal Luxury Goods Industry performance in 2015 converge towards an overall growth ratio around 5%. ALTAGAMMA CONSENSUS 2015 Copyright: FONDAZIONE ALTAGAMMA. Total or partial publication permitted with quotation of the source: “Altagamma Consensus 2015”. Press Relations: Edoardo Carloni - [email protected] Via Giosue Carducci, 36 20123 Milano – Italia T +3902 7200 3321 F +3902 8901 0756 www.altagamma.it
© Copyright 2024 Paperzz
