Successful quarter for Ferragamo
15/05/2012
The fashion, footwear and leathergoods brand achieved sales of EUR 259.6 million for the three-month period, an increase of 23.4% compared to the same quarter in 2011.
From this, Ferragamo achieved revenues of EUR 38.2 million, which represents an increase of 39.6% compared to the first quarter last year.
Shoe contributed EUR 110.9 million to the total in January-March 2012 and leathergoods and handbags EUR 80 million. These figures represent growth of 26.2% and 24.3% respectively.
On reporting the figures, Ferragamo pointed out that this made eight consecutive quarters with growth above 20%. It was particularly pleased with its retail performance in China, which registered growth of 36% compared to the first quarter last year. But it also pointed to 28% growth in Europe, mainly fuelled by travellers visiting top cities and by Ferragamo’s performance in emerging European markets.
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