Ferragamo doubles profit in first quarter
14/05/2013
The Italian group achieved revenues of EUR 282 million, a 9% increase over the same period last year. Footwear revenues rose 8% and leathergoods by 13% - together representing 74% of turnover.
Asia-Pacific was the group's top market, with a turnover of EUR 102 million (about 36% of total), up 6% on a challenging comparison base (+27% in 1Q 2012).
The retail channel in China grew 20%, in Europe revenues grew 10% and in North America they rose 19%. The Japanese market increased 4% at constant exchange rates but decreased 8% at current exchange rates due to the unfavourable impact of the Japanese yen fluctuation versus the euro.
Revenues in Central and South America grew 13%.
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