The luxury sector, after a significant growth in 2015 also favored by the weakening of the euro, should have a more contained dynamic in 2016, but for the Ferragamo Finanziaria Group the forecasts remain rosy, with an economic result on the rise, mainly thanks to the "brand positioning". This is reported by the financial statements of the group that controls Salvatore Ferragamo (at 57,7%).
From the document – consulted by Radiocor Plus – it emerges that the parent company Ferragamo Finanziaria distributed dividends of 33,4 million euros to its shareholders (against 28,7 million in 2014). “It is probable that the strong volatility of the markets, already seen in the last quarters of 2015, will still continue to occur in 2016 – continues the text – the slowdown of the Chinese economy, an area of great importance for the luxury goods market, and the socio-geopolitical tensions could penalize the growth of the sector”.
The Ferragamo Group too "will be penalized by these factors - continues the document - but, thanks to the positioning of the brand, the richness of the product offering and the widespread distribution presence, further growth in the economic result is envisaged over the course of the 2016 for both the Group and the Parent Company”.
The consolidated financial statements of the group archive a 2015 with revenues of 1,4 billion (1,3 billion in 2014), gross margin of 948,1 million (848,4 million) and net profit of 173,5 million compared to 163,2 of the previous year (+6,3%). The finance company has also purchased all the shares of Ma.Ga Immobiliare in order to have the availability of additional building land to expand the Osmannoro-Sesto Fiorentino plant, with the construction of the new logistics hub. At the beginning of August, the listed Salvatore Ferragamo made official the departure of CEO Michele Norsa, who was replaced by Eraldo Poletto. Norsa, which has been awarded an amount of over 1,8 million euros, will continue to collaborate with the maison in the role of strategic consultant of Ferragamo Finanziaria.
