Revenues rose by 1% and profit that marks + 14% on 2015 for ii in Salvatore Ferragamo’s 2016 balance approved yesterday by brand shareholders. Fashion house sales amounted to 1,438 billion euros while profits reached 198 million euros. The dividend was equal to 0.46 euro per ordinary share, in line with the previous year. For this year, “we are pleased with what happened in the first quarter of 2017,” commented CEO Eraldo Poletto, but failed the financial trends of the first three months because it was the choice “not to communicate.” We are working. He also pointed out that the brand’s “top priority” remains the world’s premier in the footwear and leather industry, “without forgetting our focus on the total look.”
It’s all looking good for Ferragamo revenues: + 1% and profits + 14% in 2016. For 2017, “Satisfied, but we do not disclose quarterly data”
