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Salvatore Ferragamo returns to profit and will distribute the dividend after 2 years

After a 2020 burdened by the pandemic, Ferragamo is back in profit and can distribute a dividend again – Last month, after 2 years, the new creative director also arrived

Salvatore Ferragamo returns to profit and will distribute the dividend after 2 years

Salvatore Ferragamo She is back active in 2021, with profits of 81 million euros which compare with the red of 72 million recorded in 2020. The revenues, on the other hand, grew by 29% year-on-year, to 1,1 billion, while theEbitda rose 93%, to 304 million and theEBIT it reached 143 million, from 63 in 2020.

The good performance allows the maison to return after two years to distribute a dividend, What will be equal to 0,34 euro per share, with coupon detachment on May 23, 2022 and payment from May 25.

The shareholders then authorized the Board of Directors to purchase, even in several tranches, Salvatore Ferragamo ordinary shares with a nominal value of Euro 0,10 each, up to a maximum number which, taking into account the current Salvatore Ferragamo ordinary shares held in the portfolio by the company and its subsidiaries from time to time, does not exceed a total of 2% of the pro tempore share capital of the company.

Confirmed CEO Marco Gobbetti, since March Davis is the new creative director

Salvatore Ferragamo's board of directors has confirmed the appointment of Marco Gobbetti as Chief Executive Officer and General Manager. Gobbetti, who took office in January 2022, will remain in his position for the entire duration of the current BoD and therefore until the shareholders' meeting called to approve the financial statements as at 31 December 2023.

Gobbetti was co-opted by the Board of Directors last December to replace Michele Norsa. In March, however, he had been nominated creative director the brand Maximilian Davis. The role, previously held by Paul Andrew, had been vacant for two years.

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