Home / Knowledge / News / Apparel/Garments / Salvatore Ferragamo keeps its excellent growth in sales
Salvatore Ferragamo keeps its excellent growth in sales
27
Jan '12
Salvatore Ferragamo S.p.A., parent company of the Salvatore Ferragamo Group, one of the global leaders in the luxury sector, released the Group's Preliminary Consolidated Revenue1 figures for the fiscal year 2011, drafted according to IAS/IFRS international accounting principles, which amount to 986.5 million Euros up by 26.2 % vs. FY 2010.

As of 31 December 2011, the Salvatore Ferragamo Group has posted Total Revenues of 986.5 million Euros, a 26.2% increase, at current exchange rates, over the 781.6 million Euros recorded in FY 2010, showing significant growth in all geographical areas, product lines and distribution channels. Revenue growth at constant exchange rate has been 24.1%.

In 4Q 2011 the Total Revenue growth at current exchange rate has been 23.0% (+19.7% at constant exchange rate) vs. 4Q 2010, growing from 231.8 million Euros to 285.2 million Euros.

The 2-year cumulated growth rate on 2009 is 59.2%, thus confirming the 2011 First 9-months trend (+58.2%), recording an increase of 61.7% in 4Q 2011.

The Group's excellent Revenue growth, following the 26.1% year-on-year increase already recorded in FY 2010 has been strongly supported by the Retail channel organic growth (+16.4% like-for-like increase in FY 2011 vs. 2010) and is further confirmation of the success of Ferragamo's strategy: focussing on top quality products and on the “Made in Italy” image, meeting the expectations and demands of its global customers.

In the FY 2011, all geographical areas, with the sole exception of Japan, delivered revenue growth - at current exchange rates - close to or higher than 30.0%.

The Asia Pacific area is confirmed as the Group's top market in terms of Revenues, with a turnover of 357.7 million Euros, up 33.5% on the revenues vs. 2010; this performance was achieved also through the contribution of the retail channel, which in China recorded a growth of over 44.0% compared to the same period in 2010. In 4Q 2011 the Asia Pacific area recorded a growth of 28.2%.

Europe posted excellent growth figures, with an increase of 30.8% compared to the same period in 2010. In 4Q 2011 the growth in revenues was 35.7%. Such growth confirms the extraordinary Ferragamo brand awareness and its ability in attracting the interest of the global tourist flows.

North America, recorded growth figures, with an increase of 27.2% compared to the same period in 2010. In 4Q 2011 it recorded a growth of 19.1%, which is almost entirely on a like-for-like basis.

The Japanese market, despite the earthquake that devastated the country and problems related to nuclear contamination, showed - also due to the favourable contribution of the exchange rate – a surge in revenues of 0.8% (a -4.4% decrease at constant exchange rate). In 4Q 2011 the revenues decreased by -8.3% at constant exchange rate.

Revenues in the Central and South American area2 also showed excellent results with an increase of +34.5%, accelerating at +36,8% in 4Q 2011.


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search