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Luxury brand Salvatore Ferragamo Q1 EBITDA up 10%
May '14
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, meeting under the chairmanship of Ferruccio Ferragamo, examined and approved the Consolidated Interim Report as of 31 March 2014, drafted according to IAS/IFRS international accounting principles (“non-audited”).
Growth Continues for the Salvatore Ferragamo Group: Three Months Revenue +6%, Gross Operating Profit (EBITDA) +10%, Operating Profit (EBIT) +7% and Group Net Profit +7% vs. 2013 Revenues: 299 million Euros (+6% vs. 282 million Euros at 31 March 2013)
Gross Operating Profit (EBITDA): 53 million Euros (+10% vs. 48 million Euros at 31 March 2013).Operating Profit (EBIT): 42 million Euros (+7% vs. 39 million Euros at 31 March 2013).Net Profit: 27 million Euros (+2% vs. 27 million Euros at 31 March 2013), including 1 million Euros of Minority Interest. Group Net Profit: 26 million Euros (+7% vs. 24 million Euros at 31 March 2013).
Consolidated Revenue figures 
As of 31 March 2014, the Group has posted Total Revenue of 299 million Euros, registering a 6% increase at current exchange rates, over the 282 million Euros recorded in 1Q 2013. Revenues growth at constant exchange rates has been over 7%.
Hereafter the variations in Revenues are calculated at constant exchange rates, unless differently indicated.
Revenues by geographical area
The Asia Pacific area is confirmed as the Group's top market in terms of Revenues, further increasing by 6% in 1Q 2014, with a significant contribution from the retail channel in China, that recorded a Revenue growth of over 10% in the first three months of the year.
Europe, despite the geopolitical tensions which negatively impacted the global tourist flows, posted an increase in Revenues of 9% compared to 1Q 2013. 
North America, strongly impacted by the unfavourable weather conditions, recorded a Revenue increase of only 2% in the first three months of 2014.
The Japanese market registered a double-digit growth in 1Q 2014, increasing by 18%.
Revenues in the Central and South America marked an increase of 17% in 1Q 2014. 
Click here to view full results.

Salvatore Ferragamo

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