Italian fashion firm Salvatore Ferragamo extends growth streak in Q3

Fashion

11 Nov `21

2 min read

Salvatore Ferragamo, an Italian luxury goods company, has reported a 33.9 per cent revenues growth to €785.3 million in the third quarter (Q3) of FY21 ended on September 30, 2021, compared to the revenues of €586.7 million in the same period of last fiscal. Net profit during the nine-month period rose to €39.8 million (Q3 FY20: loss €96.0 million).

Salvatore Ferragamo, an Italian luxury goods company, has reported a 33.9 per cent revenues growth to €785.3 million in the third quarter (Q3) of FY21 ended on September 30, 2021, compared to the revenues of €586.7 million in the same period of last fiscal. Net profit during the nine-month period rose to €39.8 million (Q3 FY20: loss €96.0 million).#

The group’s retail distribution channel achieved a 37.2 per cent hike in revenues to €570.5 million (€415.9 million), with growth across China, North America, Latin America and Korea region which exceeded the pre-COVID revenues level. Moreover, wholesale channel recorded a 27.1 per cent jump in revenues to €208.1 million (€163.7 million).

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