Preliminary Consolidated Revenue figures for FY 2013
As of 31 December 2013, the Salvatore Ferragamo Group has posted Total Revenues of 1,258 million Euros, a 9% increase at current exchange rates (+7% in 4Q 2013) over the 1,153 million Euros recorded in FY 2012. Revenue growth at constant exchange rates has been 11% (+9% in 4Q 2013).
Hereafter the variations in Revenues1 are calculated at constant exchange rates2, unless differently indicated.
Revenues by geographical area
All geographical areas, with the sole exception of Japan, registered in FY 2013 a double-digit growth in turnover1, both at current and constant exchange rates.
The Asia Pacific area is confirmed as the Group's top market in terms of Revenues, representing about 37% of total in FY 2013, up by 10% (+5% in 4Q 2013). A major contribution was given by the retail channel in China, which recorded a 20% growth compared to the same period in 2012.
Europe posted an increase in Revenues of 13%, compared to the same period in 2012 (+18% in 4Q 2013), confirming the Ferragamo brand ability in attracting the international tourist flows.
Double-digit Revenue4 growth was recorded also in North America, with an increase of over 12% in FY 2013 (+11% in 4Q 2013), confirming the solid growth of the market.
The Japanese market showed an increase in Revenues4 of 1% in FY 2013 (-2% in 4Q 2013), registering a 13% decrease at current exchange rates due to the meaningful deterioration of the Japanese currency.
Revenues4 in Central and South America also showed solid results with an increase of 15% (+13% in 4Q 2013).
Revenues by distribution channel
As of 31 December 2013, the Salvatore Ferragamo Group's Retail network can count on 360 Directly Operated Stores (DOS), while the Wholesale and Travel Retail channel includes 264 Third Party Operated Stores (TPOS), as well as presence in major Department Stores and high-end multi-brand Specialty Stores.
In FY 2013 the Retail distribution channel posted Consolidated Revenues4 up by 9% (+5% in 4Q 2013) compared to the same period in 2012. The increase at constant exchange rates and perimeter (like-for-like) was ca. 5% and 1%, respectively in FY 2013 in 4Q.
The Wholesale and Travel Retail channel delivered an excellent performance in FY 2013 growing 14% (+19% in 4Q 2013).
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