Folli Follie announce impressive financial results for the nine month period ended 30 September 2004. More specifically, consolidated sales for the period January 1st 2004 to September 30th 2004 reached 134.6 M euros compared to 111.9 M euros of the same period in 2003, thus showing an increase of 20.2%. Consolidated Earnings Before Taxes after Minority Rights was 54.1M euros, an 23% increase compared to 43.9 M euros for the nine months ended September 2003.

Group's Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) for the examined period accounted for 45.5 M euros compared to 37.3 M euros for the previous year, showing an increase of 22%. On the EBITDA level, the profit margin reached 33.8%, versus 33.3% in the corresponding period of 2003. Parent company Folli Follie S.A. also demonstrated a growth in the financial results reaching 25.9 M euros of consolidated sales in comparison to last year's 24.9 M euros, increased by 4% in comparison to the same period in 2003. Earnings Before Tax grew by 28% from 10 M euros in 2003 to 12.8 M euros this year.

In an analysis of total sales by looking at each region, it appears that Japan accounted for 21%, the rest of Asia 44%, Greece 8%, the rest of Europe 16% and Travel Retail operations reached 11%. According to the sales per product category, jewellery account for 65% of sales, watches account for 28% and accessories account for 7%.