Salvatore Ferragamo keeps up the mood of the luxury sector listed on Piazza Affari and excels among the blue-chips with an increase of 2,52% at 17.30.
It is the first surge, after a 2014 that began with ups and downs for the fashion house's titles. The sales were mainly caused by profit taking, since 2013 was the year of the rally for the Group, which saw the value of its shares grow by 66,17% (sixth best stock in the ranking of the best Ftse Mib basket performer).
However, the profit taking that looked set to catch on stalled in late January after the company released preliminary sales figures for fiscal 2013. Preliminary revenues totaled €1,258 billion, up 9%. at current exchange rates and 11% at constant exchange rates.
The veil on the budget will be lifted on March 11th. The technical scenario seen in one week of title compared to the index, it shows a slowdown in Salvatore Ferragamo's trend compared to the Ftse Mib, and this makes the title a potential target for investors to sell. The medium-term situation of the Italian fashion house remains tendentially bearish.
