Aeffe improves sales and profitability in the first half

In the First Half of 2018, consolidated revenues at Aeffe Spa amounted to 171.1 million euros (200.4 million dollars), an increase of 14.1 percent at current exchange and 15 percent at constant exchange rates. The Group’s consolidated Ebitda was equal to 21 million euros (24.6 million dollars), compared to 15.5 million euros (18 million dollars) in 1H 2017, a 5.5 million euros (6.4 million dollars) or 35 percent increase. Due to the improvement in operating profit, Aeffe added, profit before taxes amounted to 13.9 million euros (16.2 million dollars), an increase of 88 percent. Net result of the Group increased to 8.3 million euros (9.7 million dollars), a 3.7 million euros (4.3 million dollars) or 79 percent improvement.