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Aeffe apparel sales up 18 per cent

For the first quarter Aeffe apparel sales grew 18.3 per cent at constant exchange rates. Revenue grew 20.3 per cent at constant exchange rates, EBITDA grew 32 per cent and net income grew 39 per cent.

Aeffe is an Italian group that includes labels Alberta Ferretti, Philosophy by Lorenzo Serafini, Moschino, Pollini, Jeremy Scott and Cédric Charlier.

Aeffe’s domestic market, Italy, accounted for 47.6 per cent of total revenue. After posting a 20.7 per cent increase last year, it grew 18.2 per cent in the first quarter 2018. The rest of Europe accounting for 21.7 per cent of revenue increased by 15 per cent, thanks chiefly to the UK, Germany and Spain.

Russia, with a share of three per cent of total revenue, was also on a positive track, its sales up 12.6 per cent. The US was the only region to record a downturn, chiefly due to the negative nationwide trend in department stores.

Meanwhile the rest of the world, driven by booming sales in Greater China, posted a 45.9 per cent rise, accounting for 22.5 per cent of total revenue.

In terms of distribution channels, wholesale revenue, accounting for 74.7 per cent of Aeffe’s total, grew 24.4 per cent while the retail channel was up 8.5 per cent. Finally, royalty revenue increased by 19 per cent and was worth 2.6 per cent of total revenue.

 

 
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