Salvatore Ferragamo Before September Earnings: China'S Largest Contribution To The Market

According to the latest financial statistics released by Italy luxury brand Salvatore Ferragamo Ferragamo group in the first nine months of this year:

Sales revenue increased by 6% to 957 million euros on the basis of the constant exchange rate, and grew by only 3% in the third quarter, much lower than the 7.6% growth rate in the first half of this year.

Net profit fell 4.8% to 114 million euros over the same period - 13 million euros in investment income in the first half of 2013 as a result of the group's sell-off of Zefer shares, resulting in a higher base. If the above factors were excluded, the net profit increased by 6% over the same period last year.

The core profit (EBITDA) before interest tax depreciation and amortization increased by 6% to 203 million euros.

Salvatore Ferragamo, the largest market in the Asia Pacific region (except Japan), grew by 5% in the first nine months, and the growth rate dropped to 3% in the third quarter, making the largest market. contribution The Chinese market grew by 16% in the first nine months of this year, or slightly higher than the 15% year-on-year growth rate in the first half of this year.

　　 European market Sales in the first nine months increased by 6.9% over the same period, of which third grew by only 3% in the third quarter. (affected by Russia's unfavorable political factors and European economic depression)

In the first nine months of the North American market, sales grew by 6.7% year-on-year, with the growth rate falling to 5% in the third quarter.

The company now has 362 direct outlets, with retail revenue rising 4.1% to 5,98 billion, representing a 63% decline from 61.7% in the same period last year.

The company currently has 275 third party outlets, wholesale income grew 9.8% to 351 million euros over the same period.

Leather products are doing well, recording a growth rate of 13.3%, representing a 35.1% share of total sales, approaching the main category of shoes.

　　 Clothing category Product market performance is still weak, sales fell 6.1% year-on-year.

The company's CEO Norsa says Salvatore Ferragamo will launch perfume products Emozione this season, and predicts that double-digit sales will increase in the fourth quarter.

Although the company is facing many adverse external factors, the company CEO Norsa is optimistic about the company's market performance in the fourth quarter, and predicts that its sales growth rate will be higher than the third quarter.

For the Chinese market, Norsa said the company will design more suitcase products for its Chinese consumers, and will strengthen its attention and investment in China's two or three tier cities.