The Board of Directors of Salvatore FerragamoSpA, parent company of the Salvatore Ferragamo Group, has approved the Consolidated Interim Report as of March 31, 2021.

As per this report, the total revenues of Salvatore Ferragamo Group increased by 10.3 per cent to €245 million. The increase in revenues has been achieved despite the permanence, in some countries, of lockdowns of the commercial activities, bans and restrictions on international traffic, due to the Covid19 pandemic.

As of 31 March 2021, the group's retail network counted on a total of 638 points of sales, including 390 Directly Operated Stores (DOS) and 248 Third Party Operated Stores (TPOS) in the Wholesale and Travel Retail channel, as well as the presence in Department Stores and high-level multi-brand Specialty Stores.

In 1Q 2021 the retail distribution channel posted consolidated revenues up 17.2 per cent showing a +14.7% at constant exchange rates and perimeter (like-forlike) vs. 1Q 2020, with the primary channel over performing.

The wholesale channel registered flat revenues despite the persistent negative trend of the travel retail channel. Revenues by Asia Pacific area increased by 50.6 per cent.Gross Operating Profit (EBITDA1) Gross Operating Profit (EBITDA1) amounted to €48 million, The Operating Profit (EBIT) was positive for €7 million Profit before taxeswas positive for €3 million. Net profit for the period, including the minority interest, was at break-even €-0.6 million vs-€41 million in 1Q 2020.