Home / Knowledge / News / Apparel/Garments / Luxury brands Salvatore Ferragamo sales up 17% in 2012
Luxury brands Salvatore Ferragamo sales up 17% in 2012
01
Feb '13
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 2012, which amount to 1,153million Euros up by 17 % vs. FY 2011.

Preliminary Consolidated Revenue1 figures for FY 2012

As of 31 December 2012, the Salvatore Ferragamo Group has posted Total Revenues1 of 1,153 million Euros, a 17% increase at current exchange rates (+12% in 4Q 2012), over the 986 million Euros recorded in FY 2011, showing significant growth in all geographical areas, product lines and distribution channels. Revenue1 growth at constant exchange rates has been 13% (+11% in 4Q 2012).

The Group's excellent Revenue1 growth, following the over 26% year-on-year increase consecutively recorded in FY 2010 and FY 2011, has been supported, both by the Wholesale and Travel Retail channel strong performance and by the Retail channel organic growth (8% like-forlike increase in FY 2012 vs. FY 2011), and is further confirmation of the success of Ferragamo's strategy focusing on top quality products and on its “Made in Italy” values, meeting the expectations and demand of the global customers.

Revenues by geographical area

The Asia Pacific2 area is confirmed as the Group's top market in terms of Revenues1, with a turnover of 420 million Euros (representing about 37% of total) in FY 2012, up 18% (+13% in 4Q 2012). A major contribution was given by the retail channel, which recorded a growth of over 20% compared to the same period in 2011.

Europe2 posted excellent growth figures, with an increase of 21%, compared to the same period in 2011, and +18% in 4Q 2012, further confirming the positive trend already registered in the first nine months of 2012 and the Ferragamo brand ability in attracting the international tourist flows.

Excellent sales growth was recorded also in North America, with an increase of 16% compared to the same period in 2011 (+15% in 4Q 2012), almost entirely achieved on a like-for-like basis. The Japanese market2 showed an increase in Revenues1 of 5% (-2% decrease in local currency) in FY 2012, supported by the favourable impact of the exchange rate. In 4Q 2012 the revenues variation was about -5% both at current and constant exchange rates.

Revenues in Central and South America also showed excellent results with an increase of 27% (+21% in 4Q 2012).

Revenues by distribution channel

As of 31 December 2012, the Salvatore Ferragamo Group's Retail network can count on 338 Directly Operated Stores (DOS), while the Wholesale and Travel Retail channel includes 268 Third Party Operated Stores (TPOS), as well as presence in Department Stores and high-end multi-brand Specialty Stores.

In FY 2012 the Retail distribution channel posted consolidated Revenues1 of 753 million Euros, a 14% increase (+ 12% in 4Q 2012) over the 658 million Euros posted as of 31 December 2011. The growth marked a 8% increase at constant exchange rates and perimeter (like-for-like) in FY 2012, with a 7.8% increase in 4Q 2012 vs. 4Q 2011.

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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