Moschino Parent Aeffe Group Achieved Net Profit Of 2 Million 500 Thousand Euros.

Thanks to the resurgence of brands such as restructuring and Moschino, Italy luxury group Aeffe SpA (AEF.MI) has continued to improve its profitability in the first nine months.

In the first nine months ended September 30th, the group achieved a net profit of 2 million 500 thousand euros, compared with a net loss of 2 million 300 thousand euros in the same period last year.

EBITDA year-on-year

From 39.2% to 22 million 630 thousand euros, the EBITDA profit margin rose sharply to 11.7% from 8.4% in the same period.

The total income was 192 million 900 thousand euros, down 0.2% from 193 million 300 thousand euros in the same period last year, excluding the influence of the two authorized brands and the restructuring of Japanese distribution network of Jean Paul Gaultier and Cacharel, the revenue increased by 7% on fixed exchange rate.

Sales in garment sector

Sales of shoes and leather goods jumped 15.2% to 63 million 700 thousand euros from 2.2% to 147 million 300 thousand pounds.

According to fixed exchange rates, sales of Italy's domestic market accounted for 45.4% of the sales growth of 5.6%, while the rest of Europe benefited from the recovery of the main markets in the region, sales increased by 8.8%, and the United States increased 3.2%.

Sales in Russia dropped by 11.4%, and in Japan, sales fell sharply by 67.3% because of the above mentioned reasons.

The rest of the world has also increased by 11%, thanks to sales growth of 28% in Greater China.

Aeffe SpA (AEF.MI) execution

Massimo Ferretti revealed that orders for the 2015 spring and summer series increased by 15% over the same period last year, reflecting the good momentum of group development.

As of September 30th, the group had Moschino, Alberta Ferretti, Pollini and other brand names and operated C e dric Charlier and Emanuel Ungaro by Fausto Fausto agency business. The net debt of the group was 90 million 100 thousand euros, compared with 96 million 800 thousand euros last year.

Aeffe SpA (AEF.MI) crashed on Tuesday and dropped 0.93% to 2.13 euros at the end of the deadline.

The stock has risen more than two times so far in 2014.