Salvatore Ferragamo: 2012 preliminary sales in line and signs of improvement in Asia-Pacific

NEUTRAL, Fair Value EUR18.6 (-1%)

News published on February Friday 1, 2013
Share on
Yesterday the Italian group reported FY12 sales reaching EUR1,153bn (consensus: EUR1,146m and BG: EUR1,154m), up 17% at current exchange rates. Sales growth at constant FX grew 13% on FY, implying +11% in Q4 after +7.6% in Q3 and +14.5% in 9m. The rebound is mainly coming from Asia-Pacific, 36% of sales, where revenues increased 10%e LFL in Q4 after a stable performance in Q3.

Full report available to subscribers
Please contact

The Essentials

Everything you need to know about investment banking dedicated to growth
Stay Informed
Get our news
Join our Team
Bryan, Garnier & Co is always looking for talent in all our divisions, at all levels
Explore our opportunities