Furla posts revenue of nearly €500 million in 2017
Italian leather goods and accessories brand Furla continues to grow, having closed the 2017 financial year with a robust revenue increase, reaching nearly €500 million.
The group's revenue at constant exchange rates was €499 million, up 20% (+18.3% at current exchange rates). Profitability was also significantly on the rise, with EBIDTA growing 34.1% over 2016.
In a press release, Furla underlined how the performance was chiefly due to a strong increase in comparable retail sales.
In terms of geographical areas, sales in the Asia-Pacific region doubled compared to the previous year, and now account for 24% of Furla's revenue. In the EMEA region, worth 46% of Furla's consolidated revenue, the group grew by 12.9%. Japan increased by 15.4% and the USA by 9.6%.
As for distribution channels, in 2017 the share of retail sales grew to 70% of the total, while travel retail sales were also buoyant, rising by 14.5%. The Bologna-based group is keen to strengthen its commercial organisation: in 2017 Furla took direct control of its distribution in Australia and Portugal, and in the first quarter 2018 it is planning to open new directly owned stores in the USA, Germany and the Czech Republic.
Furla's 2018 marketing plan features investment across all channels, from e-tail to window displays to advertising communication.
The group was recognised with the 'Top Employers Italy' award for 2018, and is present in about 100 countries with 467 monobrand stores: 253 of them are directly operated, 177 are franchised, and 37 of them are travel retail stores.
Copyright © 2023 FashionNetwork.com All rights reserved.
