Art & Fragrance announces 2012 half-year results

Zollikerberg near Zurich, 19. September 2012 - Art & Fragrance SA (BX:ARTN), which is active in the creation, development, marketing and worldwide distribution of luxury goods, increased its operating revenue by 8% to CHF 55.9 million in the first half of 2012. The perfumes and cosmetics segments posted solid results. Sales were also up in the crystal and jewellery segment, but higher personnel and production costs coupled with additional expenditure on modernising manufacturing processes impacted on margins. Net Group profit was CHF 3.7 million. The company is cautious about performance for the current year, but remains optimistic about the future.