243
Fashion Jobs
L'OREAL GROUP
Head of Advocacy & Influence - l’Oréal Dermatological Beauty - Copenhagen
Permanent · COPENHAGEN
ESTÉE LAUDER COMPANIES
District Manager (Funen/Jutland)
Permanent · AARHUS
ESTÉE LAUDER COMPANIES
Handelselev Med Speciale i Digital Handel - E-Commerce
Permanent · COPENHAGEN
ZIZZI
Online Buyer Til Fashion
Permanent · BILLUND
SAMSOE
Logistik Koordinator
Permanent · GLOSTRUP
ONLY
Business Controller
Permanent · BRANDE
ONLY
International Sales Manager
Permanent · BRANDE
JACK & JONES
Konstruktører, Jack & Jones og Jjxx
Permanent · BRANDE
BEST SELLER
Environmental Programme Coordinator
Permanent · KØBENHAVN K
BEST SELLER
Product Owner - Data-Driven Solutions & ai
Permanent · AARHUS
SELECTED FEMME/HOMME
Sales Representative
Permanent · BRANDE
L'OREAL GROUP
Key Account Relationship Specialist
Permanent · COPENHAGEN
SAMSOE
Business Controller (Sql And Data Analytics Specialist)
Permanent · COPENHAGEN
ACE & TATE
Optometrist Copenhagen i NY Østergade
Permanent · COPENHAGEN
VERO MODA
Business Controller
Permanent · AARHUS
VERO MODA
Buyer | Curve
Permanent · AARHUS
ONLY
Demand Planner
Permanent · BRANDE
L'OREAL GROUP
Supply Chain Graduate - l’Oréal Luxe Product Division - Copenhagen
Permanent · COPENHAGEN
KERING EYEWEAR
Kering Eyewear - Lindberg Junior Trade Marketing Manager
Permanent · AARHUS
ESPRIT
Area Manager Multilabel Nordic Women
Permanent · COPENHAGEN
ZIZZI
IT Operations Manager
Permanent · BILLUND
TJX EUROPE
Buying Coordinator
Permanent · COPENHAGEN
By
AFP
Published
Nov 11, 2021
Download
Download the article
Print
Text size

Salvatore Ferragamo reports earnings of 40 million euros for first three quarters

By
AFP
Published
Nov 11, 2021

Italian luxury house Salvatore Ferragamo has announced net income of 40 million euros for the first nine months of the fiscal year, solid results reflecting the brand's recovery, which has been led by Asia and the United States, following the disruption caused by the Covid-19 pandemic in 2020. 


Salvatore Ferragamo - Spring/Summer 2022 - Womenswear - Milan - © PixelFormula


In the same period in 2020, which was strongly affected by the health crisis, the label posted a loss of 96 million euros.

Revenue rose 34% in the January-September period, totaling 785.3 million euros, despite ongoing restrictions on commercial activities in certain countries, said the company in a release published on Tuesday. 

After reporting a net loss of 72 million euros in 2020, in an economic landscape that had been deeply shaken by the pandemic, the Florentine luxury house was able to pull itself out of the red in the first half of 2021, posting net income of 33.4 million euros. 

Struggling with brand positioning issues, Salvatore Ferragamo suffered through two difficult years in 2017 and 2018, before managing to pull things back together in 2019. The pandemic, however, put the brakes on this recovery. 

Asia-Pacific, which is still the company's largest market, representing 47% of its sales, versus 53% a year ago, saw its revenue rise 22.7% in the first nine months of the year. In continental China, retail sales grew 22.1% in constant currencies. 

In North America, revenue increased 97.1% in constant currencies in the first nine months of the year and 65.7% in the third quarter. 

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.