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Salvatore Ferragamo HY revenues down 6 per cent

For the half year Salvatore Ferragamo’s revenues were down 6.2 per cent at current exchange rates. Asia Pacific area is confirmed as the group’s top market in terms of revenues. The group has a total of 677 point of sales, including 407 directly operated stores and 270 third party operated stores in the wholesale and travel retail channel as well as a presence in department stores and high-level multi-brand specialty stores.

Gross profit decreased by 7.7 per cent. Its incidence on revenues was down 110 basis points, moving to 64.1 per cent from 65.2 per cent, mainly due to the negative impact of currencies. Operating costs decreased, at current exchange rates, by 4.6 per cent.

Ebitda fell by 14.5 per cent over the period, with an incidence on revenues of 17.3 per cent from 19 per cent. Ebit was down 18.5 per cent, with an incidence on revenues of 12.7 per cent from 14.6 per cent.

Italy-based Salvatore Ferragamo, is one of the world’s leaders in the luxury industry. The group is active in the creation, production and sale of shoes, leather goods, apparel, silk products and other accessories, along with women’s and men’s fragrances. The group's product offer also includes eyewear and watches.

 

 
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