×
610
Fashion Jobs
BEAN HR CONSULTING
Production Manager - Fmcg/Food Processing/Beverages
Permanent · Hyderabad
ESTÉE LAUDER
Business Analyst
Permanent · Mumbai
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Clothes Manufacturer| Surat| Ahemdabad|
Permanent · Bharuch
SOUTHERN TRADING COMPANY
Sales Executive / Bdo / Sales Manager or Asm
Permanent · Kochi
TOUCH MOBILES
Wanted Area Sales Manager - Touch Mobiles
Permanent · Khammam
ASIANLAK HEALTH FOODS LTD.
Area Sales Manager
Permanent · Jalandhar
GIRNARSOFT EDUCATION SERVICES PRIVATE LIMITED
Interview || Area Sales Manager || Collegedekho.Com || s. India
Permanent · Chennai
GENESTORE INDIA PRIVATE LIMITED
Area Sales Manager/ Business Development Executive-Mumbai
Permanent · Mumbai
ANAND RATHI
Cluster Head/ Area Sales Manager
Permanent · Chennai
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
MAHALAKSHMI PROFILES PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
ARCHANGEL HR SOLUTIONS
Consultant Planning, Merchandising, Sourcing
Permanent · Chennai
KARADI PATH EDUCATION COMPANY PRIVATE LIMITED
Senior Area Sales Manager - Karadi Path Education Company
Permanent · Chennai
SENSO FOODS PRIVATE LIMITED
Area Sales Manager/sr. Sales Executive For "Corporate Sales"
Permanent · Ahmedabad
ALGOR SUPPLYCHAIN SOLUTIONS PRIVATE LIMITED
Hiring For Sales Manager in Logistic co| Hyderabad | Goa
Permanent · Bengaluru
A2V INSURANCE BROKERS PRIVATE LIMITED
Area Sales Manager
Permanent · Ludhiana
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Mumbai
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Namakkal
Permanent · Namakkal
ARKRAY HEALTHCARE PVT. LTD
Opening For Medical Business Manager(mr)- Delhi Chennai & Bangalore
Permanent · Chennai
PUMA
Studio Operations Manager
Permanent · Bengaluru
SHASHA GABA
Fashion Consultant
Permanent · NEW DELHI
ELICO LIMITED
Requirement For Production Manager
Permanent · Hyderabad
Translated by
Robin Driver
Published
Nov 9, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Aeffe keeps up momentum with a 35% increase in year-to-date profit

Translated by
Robin Driver
Published
Nov 9, 2018

Aeffe is keeping up momentum, maintaining steady progress in the first nine months of 2018. Growth at the Italian fashion group, which owns Alberta Ferretti, Philosophy, Moschino and the Pollini footwear brand, was driven by its flagship Moschino label and sales in multi-brand stores in its principal markets Italy, Europe and Asia, while revenues declined in the US, as well as in Russia in the third quarter. 


Moschino's "work in progress" collection for summer 2019 - © PixelFormula


The company, which is based in San Giovanni in Marignano, near Rimini, saw its net profit jump up 35.2% from the 11.9 million euros reported for the third quarter ended 30 September 2017 to 16.1 million a year later. This is, nonetheless, a slow down in the group's growth, as over the last two years its profits tripled in the same nine-month period. In Q3 2018, Aeffe reported a 6.7% rise in profit to 7.8 million euros. As for revenue, the company reported a year-to-date increase of 12.6% to 246.6 million euros and a 10% rise in the third quarter to 93.5 million euros. 

Once again, Moschino proved to be the engine driving the growth of the group, where the ready-to-wear division accounted for 70% of total sales. The label led by Jeremy Scott, which provides 71.8% of all of the group's revenue, saw sales rise 16.3% to almost 190 million euros from January to September 2018, and increase 15.5% in the third quarter. 

Only Lorenzo Serafini's Philosophy line showed the same dynamism, reporting rises of 13% year to date to 14.6 million euros, and 13.7% in the third quarter. However, the label only accounts for 5.5% of the group's total sales. 

Year to date, the company's Alberta Ferretti brand saw sales rise 6.3%, and Pollini reported an increase of 2.7%, while also posting a decline of 6.8% in the last quarter. The company's other operations, which currently represent less than 3% of its total revenue and include licenses for the Jeremy Scott and Cédric Charlier brands, experienced a 23.1% drop in sales in Q3 and a 9.9% decline year to date. 

From a geographical perspective, Aeffe's sales rose 27.4% year to date in Asia; 11.2% in Italy – the company's largest market, accounting for 48.7% of total revenue –; 9.9% in Europe excluding Italy and Russia (the group's second largest market, contributing 20.3% of revenue); and 1.8% in Russia, where sales plummeted 19.3% in the third quarter. Sales also declined 9.9% in the United States year to date, and 14.4% in Q3. 

Since January, Aeffe has made 190 million euros through sales in multi-brand stores, making up 72% of the company's total revenue in the period and equating to a rise of 15.8% compared to the first nine months of 2017. Sales in company-owned stores increased 3.9%. 
 

Copyright © 2021 FashionNetwork.com All rights reserved.