×
461
Fashion Jobs
ESME CONSUMER PVT.LTD
Area Sales Manager
Permanent · Asansol
SUN PHARMA
Manager - Project Management Office(Pmo)
Permanent · Guwahati
ESME CONSUMER PVT.LTD
Area Sales Manager
Permanent · Bengaluru
ESME CONSUMER PVT.LTD
Area Sales Manager
Permanent · Aurangabad
ADITYA BIRLA FINANCE
Sales Manager - Business Loan - Dsa Channel For Gujarat Location
Permanent · Bharuch
NATURES ESSENCE
Area Sales Manager
Permanent · Ahmedabad
DR LAL PATHLABS
Area Sales Manager- Haldwani | dr Lal Pathlabs
Permanent · Haldwani
360 REALTORS
Sales Team Leader/Area Sales Manager/Sales Manager
Permanent · Pune
NIKE
Lead Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
PENNAR INDUSTRIES
Sales Manager - Solar Panel
Permanent · Hyderabad
ADIDAS
Manager Information Security
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant
Permanent · GURUGRAM
ADIDAS
Senior Manager Information Security
Permanent · GURUGRAM
ADIDAS
Manager Information Security
Permanent · GURUGRAM
DANIEL WELLINGTON
IT Support Specialist
Permanent · NAVI MUMBAI
NIKE
Manager, Product Management, Partners & Marketplace Engineering – Tpmo
Permanent · Bengaluru
BAJAJ FINANCE
Area Sales Manager
Permanent · Bengaluru
CHAMPION JOINTINGS
Area Sales Manager - Banglore - Coimbatore - Chennai
Permanent · Mumbai
CHAMPION JOINTINGS
Area Sales Manager - Hyderabad - Vishakapatnam
Permanent · Mumbai
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Begusarai
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Begusarai
By
Reuters
Published
Jan 29, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Forex moves boost Ferragamo's 2015 sales despite Asia weakness

By
Reuters
Published
Jan 29, 2016

Italian luxury goods group Salvatore Ferragamo reported a 7.4 percent rise in 2015 revenues as favourable currency moves helped to offset weakness in its biggest market, Asia, as well as in North America.

Last year's revenues at the Florentine shoemaker totalled 1.43 billion euros ($1.6 billion), broadly in line with analysts' average forecast of 1.41 billion euros in a Thomson Reuters poll.


Stripping out currencies, revenues were up 1.3 percent from a year earlier, thanks to a 2.1 percent increase in the fourth quarter.

Analysts had been looking for an improvement in the last three months of the year after a weak third quarter.

Annual revenues rose by 6 percent at constant currencies in Europe and more than twice as much in Japan, which is seeing growing numbers of Chinese tourists.

Asia Pacific, which accounts for more than a third of total sales, saw a 3.3 percent decline, which was more than offset by the weakness of the euro against local currencies.

An economic slowdown in China is curbing consumer spending, putting a brake on growth for the luxury industry.

Ferragamo also booked a 51 million euro hit on revenues from currency hedging last year.

$1 = 0.9130 euros

© Thomson Reuters 2022 All rights reserved.