Gucci descends on Amsterdam stock exchange after the company of luxury Italian forecast a drop in sales for his division Yves Saint Laurent in 2001. The group has recorded in the third quarter profits amounting to 114, 1 million dollars, or $ 1.12-acting than 96.1 million dollars last year. The company’s sales grew by 26% to 375.1 million dollars while earnings before interest and tax increased by 33%. Gucci announced that it expects total sales for 2000 equal to 2.2 billion USD and 2.4 for 2001. It said it expects sales of $ 2.2 billion this year, and about $ 2.4 billion next year.
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