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The global fashion business journal

Nov 16, 20192:00am

Salvatore Ferragamo grows 4.6% and rose benefit 2.3% in H1

The Italian footwear and leather goods company has closed its first half with a revenue of 704.9 million euros (785.7 million dollars) and a net benefit of 60 million euros (67 million dollars).

Jul 31, 2019 — 4:35pm
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Salvatore Ferragamo grows 4.6% and rose benefit 2.3% in H1

 

 

Salvatore Ferragamo closes H1 on the rise. The Italian company closed the first half of 2019 with a net benefit of 60 million euros (67 million dollars), 2.3% more than the same period last year.

 

Sales also rose during the period, 14.6% up to 704.9 million euros (785.7 million dollars), compared to the 673.7 million euros (670.9 million dollars) in the same period last year.

 

By retail channel, licenses and services rose 22.3%, while wholesale rose 7.4%. Retail, on the other hand, grew 3.6% in the first half.

 

By regions, Asia Pacific and Latin America are the ones with the best performance with a rise of 8.1% and 13.4% respectively. In Japan and North America, Salvatore Ferragamo stuck, with rises of 0.1% and 0.4% respectively. In Europe, the revenue of the group rose 3%.

 

By divisions, leather goods grew 6.9%, while footwear and fragrances rose 4.1% and 7.8% respectively. Ready-to-wear, on the other hand, arrived on the low, with a drop of 3.3%. In the first half the company counted with 661 points of sales, of which 397 are directly operated stores and 264 third-party operated stores.

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