The Profit Of The Ferragamo Group Fell

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Xiaobian of the network introduced to you that the three quarter profits of the weak Ferragamo group in the Asia Pacific region fell by 4.6%.

China's economic slowdown, government anti-corruption and Hongkong political movement continue to affect luxury group. Salvatore Ferragamo Ferragamo's three quarter revenue increased by only 2.5%, a sharp slowdown from 5.5% in the first half, much lower than 8.5% in the same period last year, and net profit of 31 million 280 thousand euros, down 4.6% from 32 million 779 thousand in the same period last year.

Italy

Group Salvatore Ferragamo SpA (SFER.MI) Ferragamo released its earnings report on September 30, 2014 as of September 30, 2014. In the three quarter, the total revenue of Salvatore Ferragamo Group of Group subsidiaries and Salvatore Ferragamo Ferragamo brand operators was 297 million 600 thousand euros, up 2.5% from 2.902 euros a year earlier.

Salvatore Ferragamo Ferragamo income in the first nine months of fiscal 2014 (by Region)

In the first nine months of September 30, 2014, the total revenue of Salvatore Ferragamo Ferragamo increased from 914 million 800 thousand euros a year earlier to 956 million 700 thousand euros, but the group's stock jumped 19.6% during the same period, much higher than the 4.6% increase in revenue.

As the Asia Pacific region continues to be weak, the company's stock price has fallen nearly 30% so far this year, leading to luxury stocks.

In the three quarter, the Asia Pacific region (excluding Japan) accounted for nearly 104 million 100 thousand of the total revenue of the group, earning 104 million 100 thousand euros, an increase of 7% over the same period last year, while the fixed exchange rate increased by 3%. In the first nine months, the market revenue increased 4.6% to 353 million euros.

Salvatore Ferragamo Ferragamo income in the first nine months of fiscal 2014 (by category)

In the first nine months of fiscal year 2014, the net profit of Salvatore Ferragamo Group was 113 million 800 thousand euros, down 4.8% from 119 million 600 thousand euros in the same period last year. The group said the decline was mainly due to the 13 million euro gained in the first half of 2013 and the Zefer joint venture of Ermenegildo Zegna SpA, which pushed up the profits of 2013 fiscal year.

By category, the group is the main producer.

The revenue of the Department has increased by 3%, while the sales of leather goods have increased by 11.8%.

Salvatore Ferragamo Group said that although the economic environment is unstable, it is expected that the fourth quarter will remain in the first nine months of the level.

Thursday's closing Salvatore Ferragamo SpA (SFER.MI) Ferragamo shares rose 0.72% to 19.72 euros.