Ferragamo Announced The Financial Data Group's First Quarter Revenue Of 282 Million Euros.

Ferragamo released financial data a day ago. The group's revenue in the first quarter was 282 million euros, up 9% from 260 million euros a year ago. Among them, the Asia Pacific region sells 102 million euros, accounting for 36% of the group's revenue, becoming the largest market of the brand.

Although the Asia Pacific region showed only 6.2% digit growth in the current quarter, the growth rate slowed down significantly compared with 27% in the same period last year, but with the sales volume of 102 million euros, the Asia Pacific region achieved the highest market position in terms of sales volume of up to 102 million euros. North America grew fastest in the quarter, with sales rising 16.8% from last year's 52 million 840 thousand euro to 62 million 970 thousand euros.

It is understood that China's retail channel is the largest contributor in the region, with revenue growth of 20%. "China is still growing, but the way has changed. The two or three tier cities are experiencing strong growth in local consumption and consumption from other cities in the country. Hongkong, Macao and Australia are ideal, but South Korea and Singapore are unstable. CEO Michele Norsa said in a conference call.

Information shows that the net profit of all products including glasses and watches produced by licensed manufacturers reached 26 million 800 thousand euros this quarter, an increase of 57% over the same period last year. Excluding licensed manufacturing products, net profit was 24 million euros, a 103% increase over the same period last year. Analysts say this is inseparable from last year's group's continuous repurchase of distribution agents in Greater China, South Korea and Southeast Asia.

In addition, the fastest growth of the product line was leather goods and perfume, which increased by 14.4% and 14.6% respectively, accounting for 32.1% and 8.2% of all product sales, respectively. And has always attracted much attention. shoes Compared with the same period last year, the products increased by 8.2% to 119 million euros, accounting for 42.4% of total sales, down 0.4 percentage points from last year. However, the performance of Ferragamo garments is not optimistic, sales fell by 1.6% over the same period last year, and the share of total sales decreased from 8.7% last year to 8.7%.

On the sales channel, the growth of tourism retail channels was the strongest, up 25.9% over the same period. This is unavoidably affected by the overall economic recession in Europe and the slow pace of China's economic development. Italy shoe makers, including Tod s, Salvatore Ferragamo, have shifted their focus to the purchasing power of tourists in order to offset the declining sales in the European market.

Retail channels and wholesale channels grew by 7.1% and 10.9% respectively. As of March 31, 2013, Salvatore Ferragamo products had 600 sales outlets in the world, including 339 direct outlets, including airport duty-free shops and agents, including 261 outlets. All sales outlets were located in downtown and tourist attractions.