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.
Apparel/Garments | On 25th Jun 2018
Italian high-end men's apparel brand Stone Island tops the list of...
Textiles | On 25th Jun 2018
Italy based Tecnorama’s fully-automatic machinery for dispensing...
'Hugo Boss works with carefully selected sourcing partners'
We constantly communicate with employees at all levels
Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd
Productivity, creativity and innovation play a vital role in the growth of ...
No Nasties was the first fashion brand in India to make 100 per cent...
Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...
Conceived in Europe and curated in New Delhi, NeceSera is a...
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Iago Castro Asensio
RCfil Distribuciones S.L.
Iago Castro Asensio, International Business Manager of RCfil...
"We should not compare India and the West. There are things we do that...
<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...
Whistling Woods International School of Fashion
<div>A lack of upgraded courses in costume designing and fashion as per...