×
306
Fashion Jobs
RJCUBE STAFFING SOLUTIONS
Production Manager - Upholstery (Leather & Fabrics) For Greater Noida
Permanent · Greater Noida
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments-Woven/Knits For Garments Buying House, Noida
Permanent · Noida
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
NEWGEN
Sales Manager (South India)
Permanent · Chennai
By
Reuters
Published
Aug 30, 2013
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Salvatore Ferragamo core profit up 26 percent

By
Reuters
Published
Aug 30, 2013

MILAN, Italy - Italian luxury shoemaker Salvatore Ferragamo said core earnings rose 26 percent in the first half as Asian shoppers and well-heeled tourists in Europe snapped up its products.

Salvatore Ferragamo pump | Source: Facebook/Salvatore Ferragamo

Asia Pacific continued to be the group's top market, accounting for 38 percent of revenue, which rose 13 percent.

Sales in Europe, which accounted for 26.7 percent of the total, rose 13.9 percent despite the weak European economy, driven by spending from Asian, Russian and Middle Eastern tourists.

Earnings before interest, taxes, depreciation and amortization, or EBITDA, rose to 131 million euros ($173 million) in the first half from 105 million a year ago, the company said on Thursday.

It added that increased operating efficiency also boosted EBITDA, without providing further details.

Revenue rose 11 percent to 625 million euros, while net profit jumped 81 percent to 81 million euros.

The maker of shoes worn by celebrities from Lady Gaga to Angelina Jolie said it expected growth in revenue and net profit to continue throughout 2013.

Shares closed up 5.5 percent at 25.39 euros before the release of the results. The company debuted on the Milan Stock Exchange in mid-2011 at 9 euros. ($1 = 0.7562 euros)

© Thomson Reuters 2023 All rights reserved.