World Footwear

Companies

Growth continues at Ferragamo

May 14, 2015 Italy
Growth continues at Ferragamo
Quarter revenue up by 10% in current exchange rates (+2% in constant rates). Group's net profit with 2 digits growth
As at the 31st of March 2015, the Ferragamo Group has posted total revenue of 327.3 million euros, a 10% increase at current exchange rates, over the 298.8 million Euros recorded in quarter one in 2014. Revenue growth at constant exchange rates has been 2%.

The Asia Pacific region consolidated its position as the group's top market increasing by 11% its revenue (stable at constant exchange rates) compared to similar period in 2014, mainly driven by the retail channel in China (in the first three months of 2015: +22% at current exchange rate and +9% at constant exchange rates).

Revenue in Europe increased by 2% (+1% at constant exchange rates) compared to quarter one in 2014, with a double-digit growth of the retail channel, while the wholesale business had a contraction in turnover, as result of the geopolitical tensions.

North America, despite the unfavourable weather conditions, recorded two digits revenue growth at current rates (+16%) - (+3% at constant exchange rates) - in the first three months of 2015 and the Japanese market registered a 5% increase in revenue (+6% at constant exchange rates) in the period.

Revenue in the Central and South America continued the double-digit growth, posting an increase of 28% in current rates and +19% at constant exchange rates.

By the end of the first quarter the Ferragamo Group's retail network included 375 Directly Operated Stores (DOS), while the Wholesale and Travel Retail channel included 262 Third Party Operated Stores (TPOS). To complete the global distribution network the presence in Department Stores and high-level multi-brand Specialty Stores must also be considered.

The retail distribution channel posted consolidated revenue in quarter one up by over 11%, with a stable growth at constant exchange rates. Smaller growth was registered in the wholesale channel, (+6% at current rates and stable at constant exchange rates), mainly driven by the ongoing geopolitical tensions in Eastern Europe and in Greece.

In terms of products, with the only exception of fragrances (-11%), all categories registered an increase in revenue during quarter one in 2015. It is especially worth noting the increase of handbags and leather accessories with a 16% increase (+8% at constant exchange rates).

Gross profit for the period increased by 16%, reaching 212 million euros and net profit totaled 32 million euros, marking a 17% increase. The Ferragamo Group's net profit reached 31 million euros, as compared to 26 million euros in 1Q 2014, marking an increase of 20%.

Related Events

  • Jun
    11
    Jun 11-Jun 14, 2024 | Florence, Italy

    Pitti Immagine Uomo

  • Jun
    15
    Jun 15-Jun 18, 2024 | Riva del Garda, Italy

    Gardabags

  • Jun
    15
    Jun 15-Jun 18, 2024 | Riva del Garda, Italy

    Expo Riva Schuh

  • Jun
    15
    Jun 15-Jun 17, 2024 | Milan, Italy

    White Milano Resort

Related Organizations

  • CERCAL - Research Centre and International Footwear School

    CERCAL - Research Centre and International Footwear School

    Italy
  • Milan Fashion Campus - Fashion Style Academy

    Milan Fashion Campus - Fashion Style Academy

    Italy
  • UNIC - National Union of the Tanning Industry

    UNIC - National Union of the Tanning Industry

    Italy
  • PISIE - International Polytechnic for Industrial and Economic Development

    PISIE - International Polytechnic for Industrial and Economic Development

    Italy