Bright day for Salvatore Ferragamo a Business Square, with the title which marks a rise of 5,77%, reaching 6,05 euros. The purchases were also driven by a upward rating revision by analysts of ubs, who improved their rating to “Neutral”.
Meanwhile, the Italian luxury house has confirmed theoutlook on ordinary management already communicated on 15 October 2024, based on the latest updated sales data. Taking into account the slowdown in the sector and the new market forecasts, simulations were carried out in view of the impairment test for the 2024 financial statements. These analyses suggest the possibility of devaluing some assets, with an overall impact that could vary tbetween 70 and 90 million euros. The definitive figure, explains the maison, will be determined at the end of the impairment test.
Ferragamo has specified that these write-downs they will not lead no financial outlay e they will not have un impact significant on the company's total assets, which as of June 30, 2024 amounted to 1.736 million euros.
