Morning sprint for Salvatore Ferragamo on the Stock Exchange: the luxury stock, fresh from a satisfactory first quarter of 2014 revenues up 6% y/y to nearly 300 million euros, is the king of Piazza Affari by mid-morning, where he earns almost 3% to 23,46 euro.
The net profit for the period, including the result of minorities for 1 million euro, at 27 million euro, marked an increase of 2%. The net profit attributable to the Group is therefore 26 million euro compared to 24 million recorded in the first three months of 2013, marking an increase of 7%. Based on the business trend in the first few months of the year and in the absence of particular market disturbances, the Florentine company expects further growth also for 2014.
