The growth of large international fashion and luxury companies is still slowing down, but remains solid. According to the data contained in the Fashion and Luxury Insight relating to 2013 by SDA Bocconi and Altagamma, the sector, despite the second consecutive slowdown, nonetheless reports an excellent +7,9%, while investments in the sector are increasing (the ratio between operating investments and depreciation amounted to 168,6% compared to 147,6% in 2012).
According to the report by SDA Bocconi and Altagamma, che analyzes the financial statements of international listed companies with a turnover of more than 200 million euros, la industry profitability has decreased: the average ROI drops to 13,5%, compared to 14,9% in the previous year, while the Ebit margin drops to 11,5% from 12,4% in 2012.
Despite a slight decline in cash generation (10,4% compared to 10,7%) the companies, thanks to greater attention, managed to further reduce the financial leverage bringing the debt-to-equity ratio to 0,40, i.e. at levels comparable to those of 2005. The opening of new points of sale is slowing down, up by 3%.
As far as Italian companies in the sector are concerned, 2013 was a more difficult year than their counterparts in the rest of the world, with a slower level of growth, after the rapid growth recorded in 2012.
