Aeffe, the esteemed Italian luxury group known for overseeing iconic brands such as Alberta Ferretti, Moschino, and Pollini, continues to flourish and achieve impressive financial results. After closing out 2018 with an 11.2% surge in sales at constant exchange rates, the company has started 2019 on a high note by reporting first-quarter revenues of €102.2 million, marking a 7.4% increase at current exchange rates.
Noteworthy progress has been made in terms of financial performance, with EBITDA climbing to €26.6 million, a 9% rise, and net profits reaching €11.8 million, a 4.3% increase. The prêt-à-porter division saw sales grow to €77.9 million, reflecting an 8% increase, while footwear and leather goods generated €33.3 million, a 4% rise. However, sales for the Fall/Winter 2019-20 season experienced a slight decline of 4% compared to the previous year.
Geographically, Italy continues to be a key market for Aeffe, accounting for 45.1% of total turnover and showing a 1.8% growth to reach €46.1 million. Although Europe saw a slight decrease of 1.4%, America experienced a 2.9% growth, and Asia and the Rest of the World saw a significant increase of 29.3%, led by strong demand in Greater China.
In terms of distribution channels, wholesale remains the dominant contributor to total turnover, increasing by 6.4% at current exchange rates, while retail saw an 8.1% growth. Revenues from royalties also saw a substantial increase of 29.3% compared to the previous year’s first quarter.
This positive performance underscores Aeffe’s robust position in the luxury market and emphasizes the group’s continued growth and success in the fashion industry.
For more information on Aeffe and its brands, visit their official website here.
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