IT Holding, Growth Exceeds Forecasts

It Holding, leader in the distribution of prêt-à-porter, eyewear and perfumes, registered an increase of 24.5% in its consolidated revenues for 2002, growth that exceeds forecasts announced in November (up 20%).

President and CEO, Tonino Perna, described the 2002 sales results as "extremely positive in a particularly difficult year" and also estimates a "two-figure increase in profits".