×
207
Fashion Jobs
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
SAHIBANDHU FINTECH SERVICES LIMITED
Area Sales Manager - Sahibandhu
Permanent · New Delhi
HDB FINANCIAL SERVICES
Sales Manager - Alternate Channel
Permanent · Salem
Translated by
Nicola Mira
Published
May 13, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Aeffe's net income soars in Q1

Translated by
Nicola Mira
Published
May 13, 2022

Aeffe has started the year in style. In Q1, the Italian fashion group, active with its proprietary labels Alberta Ferretti, Philosophy, Moschino and Pollini footwear, and licensed labels like Jeremy Scott, generated a revenue of €101.6 million, equivalent to a 26.8% increase over the same period a year earlier, and a 26.5% one at constant exchange rates. Most notably, Aeffe nearly tripled his net income, which rose from €3.7 million in the first three months of 2021 to €8.9 million a year later, equivalent to 8.8% of revenue. 


The Fall/Winter 2022-23 show by Alberta Ferretti - © PixelFormula


In Q1, all performance indicators for the group based in San Giovanni in Marignano, near Rimini, were decidedly positive. Aeffe doubled its operating income (EBIT), which increased from €7.7 million to €14.2 million in one year, while gross operating income (EBITDA) rose from €14.1 million to €20.4 million (up by 45%), equivalent to 20% of revenue. “Profitability increased more than proportionally to the increase in revenue, thanks to the combined effect of a higher percentage of full-price sales, both in the wholesale and retail channel, and a lower incidence of fixed costs, even though these were higher than in Q1 2021,” Aeffe stated in a press release.
 
Geographically, Aeffe’s results mirror the current global economic situation: the group slowed down in Asia, and especially in China, owing to the lockdowns imposed in several major cities, including Shanghai, due to Covid-19’s renewed spread. In Asia, which accounts for 17.3% of total revenue, sales fell by 1.2%, down to €17.6 million, compared to Q1 2021. But Aeffe grew the share of its business accounted for by the USA, now 9.5% compared to 6.7% as of December 31 2021. Sales in the country skyrocketed, growing 88.3% at constant exchange rates, to €9.6 million.

In Italy, the group's main market, accounting for 41% of total revenue, sales were worth €42.7 million, up by 24.6% “thanks to excellent results in the wholesale channel, but also in retail sales.”  In Europe, excluding Italy, a region that accounts for almost a third of Aeffe’s revenue, sales soared by 37.5% to €31.5 million, again thanks to the wholesale channel, particularly in Germany and the UK.

“The first quarter of 2022 confirmed the trends of the financial year 2021, with a significant growth in revenue and a more than proportional progression in profitability. The results were obtained thanks to the good performance of all our brands and to the benefits related to the structural efficiency of the business model implemented over the last two years,” said Aeffe’s executive chairman Massimo Ferretti, who also mentioned that orders for the new collections are up by 9%, “despite the uncertainty linked to the geopolitical tensions caused by the ongoing invasion of Ukraine.”

Copyright © 2022 FashionNetwork.com All rights reserved.