Yesterday evening, with the markets closed, Salvatore Ferragamo has published the data for the first semester. Net profit stood at 88 million (+13%) and revenues rose from 659 to 722 million (+10%). Ebitda increased by 15% from 243 to 165 million and Ebit increased by 12% from 121 to 136 million. Net financial debt decreased from 114 million as at 30 June 2014 to 98 million.
While awaiting the publication of these numbers, yesterday Ferragamo's stock had gained 3,3%, recovering after the recent declines linked to the chaos on the Chinese market, fundamental for the Florentine maison's turnover.
Just think that the revenues in China from direct stores rose by 17% (+3% at constant exchange rates) in the first six months of the year, while the deterioration continued in Hong Kong and Macao.
