×
176
Fashion Jobs
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
LIVE BIOTECH PRIVATE LIMITED
Area Sales Manager, Regional Sales Manager, Zsm
Permanent · Chennai
KM ELECTRONIC CABLES PVT. LTD
Area Sales Manager - Vijayawada
Permanent · Chennai
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
HERITAGE NUTRIVET LIMITED
Cattle Feed - Area Sales Manager - Salem Location
Permanent · Salem
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
Published
Mar 13, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Aeffe sees earnings shoot up 46% in 2018

Published
Mar 13, 2019

Italian fashion group Aeffe saw its results skyrocket once again in 2018. The company, which owns Alberta Ferretti, Philosophy, Moschino and Pollini, and holds licences for Jeremy Scott and Cédric Charlier, announced "a significant increase In EBITDA and in net profit," thanks to progress with all of its economic indicators last year. 


Alberta Ferretti's youth line Philosophy by Lorenzo Serafini saw accelerated growth in 2018 - PixelFormula


According to a press release, the company saw its net profit rise 46% from 11.5 million euros in 2017 to 16.7 million in 2018. In 2015, the group's profits totalled 1.5 million euros. As previously announced in February, annual net revenues increased 10.9% (11.2% in constant currencies) to 346.6 million euros. 

Aeffe also reported earnings before interest and taxes (EBIT) of 29.6 million euros, reflecting growth of 31%, while earnings before interest, tax, depreciation and amortization (EBITDA) were 43.3 million euros, up 18.5% from the previous year to account for 12.5% of revenues. This increase was linked to progress in sales and a reduction in operating costs thanks to Aeffe's new business model, which resulted in savings across the company. 

The company's ready-to-wear division is still the San Giovanni in Marignano-based group's main source of revenue, accounting for 69% of total sales at 265.6 million euros in 2018 (up 11.2% in constant currencies from the previous year), while growth in the accessories division was 9.3%. 
 
With 250.8 million euros in sales (up 13.9%), Moschino has maintained its role as the company's driving force, contributing 72% of total revenues, compared to 71% in 2017. Elsewhere, youth line Philosophy by Lorenzo Serafini saw double-digit growth, with revenues increasing 11.9%, while Alberta Ferretti and footwear brand Pollini also made progress. However, sales in the company's "others" category, which includes its licences for Cédric Charlier and Jeremy Scott, decreased 7.2% compared to the previous year. 

Aeffe's sales rose across all of its geographical regions in 2018, except in America, where they slipped 4.8% (1.3% in constant currencies). In its Asia and rest of the world region, the group saw an increase of 23.6% in constant currencies, thanks to a jump in sales of more than 27.8% in Greater China, while sales rose 4.6% in Europe (Italy excluded) and 10.7% in Italy – the company's largest market, representing 48.6% of its total revenues. 

The group's wholesale channel, which accounts for 71.5% of total sales, also helped drive revenues last year, increasing to 247.8 million euros, up 13.4% in constant currencies compared to 2017. Sales in Aeffe's company-owned retail network rose 4.8%. The company currently boasts 64 company-owned stores and 184 franchise locations around the world. 

Executive Chairman Massimo Feretti said that he was confident about the coming year, when the company will be betting on "a path of further development for our brands, also in the accessories segment, along with the optimization of our presence in high-potential markets, especially in the Far East area."

Aeff also notably reduced its net financial debt by 38%, from 50.6 million euros on 31 December 2017 to 31.3 million euros a year later, thanks to improvements in its operating cash flow. 

Copyright © 2022 FashionNetwork.com All rights reserved.