World Footwear

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Ferragamo consolidates revenue

Jan 5, 2016 Italy
Ferragamo consolidates revenue
As of the 30th of September, the group has posted total revenue of 1 021 million euros, up by 7% at current exchange rates. Revenue growth at constant exchange rates was 1%
In the first nine months of the year, the Asia Pacific area was confirmed as the group's top market in terms of revenue, increasing by 2% (-5% at constant exchange rates). In particular the retail channel in China recorded revenue growth of 10% (stable at constant exchange rates) in the first nine months of 2015, while trends in Hong Kong further deteriorated in the third quarter.

Europe posted an increase in revenues of 7% (+5% at constant exchange rates), with the retail channel confirming its double-digit growth.

North America recorded a revenue increase of 10% (-1% at constant exchange rates) in the first nine months of 2015.

The Japanese market registered a 13% growth (+16% at constant exchange rates) in the first nine months of the year, further accelerating in the third quarter, much driven by the significant travel flow from China.

Revenues in the Central and South America in 9M 2015 continued the double-digit growth, posting an increase of 16% (+11% at constant exchange rates).

As of the 30th of September 2015, the group's retail network could count on 384 Directly Operated Stores (DOS), while the Wholesale and Travel Retail channel included 265 Third Party Operated Stores (TPOS). In the first nine months of the year, the retail distribution channel posted consolidated revenues up by 7% (+1% at constant exchange rates), with a -2% performance at constant exchange rates. The Wholesale channel, despite the ongoing geopolitical tensions in Eastern Europe and in Greece, registered an increase in Revenues of 6% (stable at constant exchange rates).

Among the product categories it is especially worth highlighting the increase of handbags and leather accessories posting revenue growth above 11%.

Profit before taxes in the first nine months of the year was stable at 164 million euros.

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