Black day for Ferragamo in Piazza Affari, where the title of the fashion house pays 3,67%. Deutsche Bank decided this morning to lower the rating of the maison that entered the Milanese list at the end of June from "buy" to "hold". The decision came after the publication of the results for the first 9 months of the year.
According to the German institute, at current prices, Ferragamo's upward margin is limited. Between January and September, net profit was 78,3 million, an increase of 85% compared to the same period of 2010. Ebitda amounted to 132,4 million, increasing by almost 70%, while the revenues reached 700 million. Net financial debt as at 30 September was 43,3 million.
