Excellent revenue growth at Salvatore Ferragamo in H1

30 Aug '12

4 min read

Europe confirmed the extraordinary brand awareness of Ferragamo and its ability to attract the interest of the global tourist flows, also thanks to the Group’s renovation activity of the major points of sale in strategic locations worldwide, recording an excellent revenue growth of 26.4% in the first six months of 2012. In 2Q 2012 growth was 25.2% over 2Q 2011, confirming the trend already registered in the first three months.

A significant contribution to growth also came from North America, where revenue recorded a growth of 20.6% in the first six months of 2012, and +16.1% at constant exchange rates in 2Q 2012, in line with the 1Q trend.

The Japanese market registered a surge of 9.0% in 1H 2012, thanks to the favourable contribution of the exchange rate (-2.3% at constant exchange rates).

Revenues in Central and South America also continued the excellent growth trend, registering an increase of 34.1% on the six months of 2011.

All product categories, with the sole exception of Ready to Wear, delivered a marked increase in revenues, above 20%, over the first six months of 2011. Especially worth highlighting, the increased revenues in footwear (+24.3%) and in handbags and leather accessories (+25.1%), which together represent over 75% of Group total turnover. Strong growth also for the fragrances division (+29.4%), thanks to the successful launch of the women fragrance Signorina.

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Salvatore Ferragamo

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