Salvatore Ferragamo closed the first nine months of the year with revenues stable at 1,014 billion euros (-0,7%) and a gross operating margin of 216 million (-0,7%), while the net profit attributable to the group it stood at 112 million (+0,2%). Net payables decreased to 18 million from 38 million as at 30 September 2015 and after the payment of dividends for 78 million.
As regards the evolution of management for 2016, the company points out that “the Luxury market, which has grown significantly in recent years, is slowing down its growth also due to contingent negative phenomena. The current market situation calls for caution in year-end forecasts and expectations”.
