As of 30 September 2012, the Salvatore Ferragamo Group's Retail network can count on 332 Directly Operated Stores (DOS) from 323 at 31 December 2011, while the Wholesale and Travel retail channel includes 271 Third Party Operated Stores (TPOS) from 270 at 31 December 2011. At 30 September 2012 the Retail distribution channel posted consolidated Revenues of 532.5 million Euros, a 15.3% increase over the 461.9 million Euros posted as of 30 September 2011. In 3Q 2012 Revenues reached 178.6 million Euros from 160.1 million Euros registered in 3Q 2011, increasing by 11.6% and 9.4% at constant exchange rates.

 

The Board of Directors of Salvatore Ferragamo S.p.A., parent company of the Salvatore Ferragamo Group, one of the global leaders in the luxury sector,#

The growth marks a 8.1% increase at constant exchange rates and perimeter in the first nine months of 2012 - and a 7.8% increase in 3Q 2012 vs. 3Q 2011 – after the 18.7% growth registered in 9M 2011.

 

The Board of Directors of Salvatore Ferragamo S.p.A., parent company of the Salvatore Ferragamo Group, one of the global leaders in the luxury sector,#

The Wholesale and Travel retail channel marked a 25.7% increase, growing from 228.0 million Euros, recorded over the first nine months of 2011, to 286.6 million Euros at 30 September 2012. In 3Q 2012 Revenues reached 84.2 million Euros from 77.9 million Euros registered in 3Q 2011, increasing by 8.0% and 4.3% at constant exchange rates. The performance is mainly attributable to a slowdown in the Travel Retail channel in the Asia Pacific area and to a different timing in deliveries.

 

The Board of Directors of Salvatore Ferragamo S.p.A., parent company of the Salvatore Ferragamo Group, one of the global leaders in the luxury sector,#

All product categories, with the sole exception of Ready to Wear, delivered a marked increase in revenues, above or close to 20%, over the nine months of 2011. Especially worth highlighting, the increased revenues in footwear (+20.6%) and in handbags and leather accessories (+19.6%), which together represent about 75% of Group total turnover. 

 

The Board of Directors of Salvatore Ferragamo S.p.A., parent company of the Salvatore Ferragamo Group, one of the global leaders in the luxury sector,#

The Gross Profit, amounting to 531.0 million Euros, recorded a 18.3% growth and accounts for 63.8% of revenues, broadly stable over the 64.0% registered in 9M 2011 (showing a decrease in 3Q 2012 from 64.9% to 64.1%), mainly due to the negative “hedging impact”5 and the unfavourable channel mix.