Italy's' Ferragamo says 2014 revenue rose 5.9 pct

Italian luxury group Salvatore Ferragamo reported on Thursday a 5.9 percent rise in 2014 revenues to 1.332 billion euros ($1.51 billion), matching analyst estimates, lifted by growth across all its markets except Japan.

Revenues were up 6.5 percent at constant exchange rates. Analysts had on average expected the Florentine shoemaker to post 2014 sales of 1.326 billion euros based on a Thomson Reuters SmartEstimate.

Sales rose 7.7 percent in the fourth quarter, accelerating after a 4.6 percent rise in the first nine months of 2014.

Management had already flagged the positive end to the year and the stock has gained 24 percent since the start of 2015.

Ferragamo, which has the highest exposure in its sector to travellers' shopping in places like airports, will report full-year results on March 12.

€1 = $1.13/£0.75