• Annual Report 2006
• Financial Highlights
• Chairman's Review
• Group Chief Executive Officer's Review
• Brand Review
• Corporate Social Responsability
• Financial Review
• Sales and Operating Profit
• Analysis of Sales and Operating Results by Business Area
• Sales by Region
• Sales by Distribution Channel
• Summary Income Statement and Results of Associate
• Analysis of Attributable Net Profit
• Cash Flow
• Summarised Balance Sheet
• Proposed Dividend
• Corporate Governance
• Consolidated Financial Statements
• Company Financial Statements
• Five Year Record
• Statutory Information
• Notice of Meeting

Sales by Region

Europe

European markets accounted for 42 per cent of Group sales, the three most important markets in the region being France, Italy and Switzerland. European sales increased by 15 per cent, the strong growth rate reflecting good performances in most major markets and very high growth in the Middle East and Russia. In contrast, sales in the UK market were flat.

Japan

Jewellery and watch brands benefited from a return of consumer confidence in Japan; overall sales in the country increased by 13 per cent during the year.

Asia-Pacific

Double-digit sales growth in most major markets, despite demanding comparative figures, reflected very strong demand for watches in particular. Sales in China, representing 13 per cent of regional sales, increased by 48 per cent at historic rates. The high rate of growth reflects the Group’s continuing investment in this market, including the establishment of distribution subsidiaries for Cartier, Montblanc and Alfred Dunhill in mainland China.

Americas

Sales growth in the Americas region reflected the continuing strength of consumer confidence in the United States during the period, with most brands reporting double-digit growth. The region accounts for 20 per cent of Group sales.