Art & Fragrance announces 2013 half-year results

Zollikerberg near Zurich, 30 September 2013 - Art & Fragrance SA (BX:ARTN), which is active in the creation, development, marketing and worldwide distribution of luxury goods, achieved operating revenue of CHF 55.3 million in the first half of 2013, a result practically on a par with the same period in the previous year, in spite of challenging market conditions in some areas. The net Group profit of CHF 2.4 million reflects the mostly one-off integration costs related to the acquisition of a filling and logistics company at the start of the year and the increasing price pressure on one of the older, classic perfumes. Art & Fragrance is confident that it will continue to achieve stable growth in all its segments.