Salvatore Ferragamo it closed 2013 with consolidated revenues of 1,2 billion euro, up 9% at current exchange rates and 11% at constant exchange rates compared to 2012. In the fourth quarter alone, revenues increased by 7%.
"All geographical areas, with the sole exception of Japan, recorded revenue growth in 2013", reads the note from the Florentine fashion house.
Asia Pacific reconfirmed itself as the leading market in terms of revenues, with revenues representing 37%, growing by 10% (+5% in the fourth quarter alone). The direct stores in China have developed a progress of 20%. Europe saw revenues rise by 13% (+18% in the fourth quarter), confirming the company's ability to intercept tourist flows.
If North America boasted an improvement of 12% (+11% in the fourth quarter alone), Japan recorded an increase of 1% (-2% in the fourth quarter) at constant exchange rates. At current exchange rates, however, the drop was 13%. Finally, Central and South America recorded a growth of 15% (+13% in the last three months).
Today, in a difficult day for the entire luxury sector, Ferragamo's stock lost 1,65% to Piazza Affari.
