Aeffe posts 7 percent rise in H1 revenues

Aeffe first half consolidated revenues increased to 137.8 million euros (154 million dollars), compared to 128.7 million euros (143.8 million dollars) in 1H 2015 representing 7 percent rise at current exchange rates and 7.3 percent at constant exchange rates. Ebitda of 12.2 million euros (13.6 million dollars)increased 25 percent and net Profit for the Group of 1.47 million euros (1.64 million dollars) witnessed an improvement of 1.43 million euros (1.59 million dollars).

Commenting on the first half results, Massimo Ferretti, Executive Chairman of Aeffe Spa, said, “We are very satisfied with the Group’s positive performance, both in terms of revenues and profitability, as well as with the growth in all the key markets, especially given the continuing geopolitical uncertainty. The current global context presents many challenges that we are ready to face implementing strategies focused on the distinctiveness of our brands and on the market’s evolution.”

Prêt-à-porter revenues rise 7.8 percent

Revenues of the prêt-à-porter division amounted to 106.9 million euros (119.5 million dollars), up by 7.8 percent and 7.5 percent at current exchange rates. Revenues of the footwear and leather goods division decreased by 2.6 percent and amounted to 44.8 million euros (50 million dollars).

Sales in Italy registered a good growth posting a 6 percent increase to 60.5 million euros (67.6 million dollars). At constant exchange rates, sales in Europe, contributing reported a 5.7 percent increase. Sales in the Russian market increased by 3.7 percent, showing signs of moderate recovery compared to last year. Sales in the United States posted a growth of 14.3 percent at constant exchange rates. In the Rest of the World, the Group’s sales totalled 31.1million euros (34.7 million dollars), recording an increase of 9.7 percent compared to 1H 2015, on the back of good performance in Greater China, which posted a 27.7 percent growth.

By distribution channel, wholesale sales grew by 14.8 percent at constant exchange rates and 14.7 percent at current exchange rates), contributing to 72 percent of consolidated sales. The sales of directly-operated stores (DOS), representing 25 percent of consolidated sales, decreased by 10.5 percent at constant exchange rates and by 11.2 percent at current exchange rates.

picture:moschino