Marco Gobbetti arrived at the beginning of 2022 at the helm of Salvatore Ferragamo, and his first financial year was not very successful. But he is confident for 2023, as he announced an ambitious plan to relaunch the company.
A lower profit, but a higher turnover.
Salvatore Ferragamo unveiled on Thursday a mixed performance for 2022.
The Italian luxury house’s net profit fell by 11.5% to 69.6 million euros when the consensus of Factset Estimates analysts was expecting a gain of 71.3 million euros. These disappointing results are linked to poor sales in its number one market: Asia-Pacific. They fell by 4.7% to €417.6 million, mainly due to the rebound of the Covid-19 pandemic in China.
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Read also > Ferragamo sees sales up 10% in 2022
