Salvatore Ferragamo S.p.A. 1H 2021 Group Preliminary Consolidated Revenue Figures

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Salvatore Ferragamo Group Consolidated Revenues1 up 44.1% in 1H 2021 (+46.2% at constant exchange rates2) vs. 1H 2020
In 2Q 2021 the #salvatoreferragamo Group registered an increase in Revenues1 of 91.3% vs. 2Q 2020, thanks to the strong acceleration of the retail and the #digital channel
The solid growth of Retail Revenues1 continues in July, which resulted for the Group in line with pre-Covid level
Florence, 20 July 2021 – The #salvatoreferragamo Group, one of the global leaders in the luxury sector, released the Group’s Preliminary Consolidated Revenues1 for the first semester 2021, which amount to 524 million Euros, excluding the Fragrance business, up 44.1% at current exchange rates and up 46.2% at constant exchange rates2 vs. 1H 2020.
To be noted that the Group’s Preliminary Consolidated Revenues1 illustrated in the following paragraphs, in accordance with IFRS 5, are all reported excluding the Fragrance business, which, as announced in the press release as of July 7th 2021, will be transferred under exclusive license to Inter Parfums Inc. effective as of the month of October 2021, and it is therefore reclassified in the “Non-current Assets Held for Sale and Discontinued Operations”.
Preliminary Consolidated Revenue1 figures for 1H 2021
As of 30 June 2021 the #salvatoreferragamo Group reported Total Revenues1 of 524 million Euros up 44.1% at current exchange rates (+46.2% at constant exchange rates2) vs. the 363 million Euros recorded in 1H 2020. Revenues1 in 2Q 2021 registered a 91.3% increase at current exchange rates (+90.5% at constant exchange rates2) vs. 2Q 2020
The increase in Revenues has been achieved despite the permanence, in some countries, of lock- downs of the commercial activities, bans and restrictions on international traffic, due to the Covid- 19 pandemic. At 30 June 2021, the Group is operating with 53% of retail stores at full capacity.