Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Luxury brand Salvatore Ferragamo Q1 EBITDA up 10%
Luxury brand Salvatore Ferragamo Q1 EBITDA up 10%
15
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


Must ReadView All

AmCham Cambodia cautions US against possible sanctions

Apparel/Garments | On 22nd Sep 2018

AmCham Cambodia cautions US against possible sanctions

In a letter to US lawmakers, the American Chamber of Commerce...

Courtesy: ycloset

Apparel/Garments | On 22nd Sep 2018

Alibaba invests in clothes sharing platform Ycloset

Chinese garment sharing platform YCloset has completed an undisclosed ...

KG cracker; courtesy: Ineos

Textiles | On 22nd Sep 2018

Ineos to invest £60 mn in the UK to expand production

Ineos has announced plans to invest £60 million to expand its...

Interviews View All

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search