Armani Group reports 16% growth for 2014
Armani Group reports full year 2014 revenues increase of 16% totalling 2.53 billion euro. The progression involved all the brands and distribution channels of the Group, in particular Armani / Casa (+ 20%) and Armani Privé (+ 30%). Geographically, the performance was satisfactory in all markets, particularly in Asia and Middle East. Wholesale revenues including licenses amounted to 3.7 billion euro, while EBITDA amounted to 507 million, an increase of 5.7%.
At 31 December 2014 the cash liquidity has exceeded 500 million euro. “These results are the result of a careful policy of diversification of the brands and a clear and balanced industrial strategy, focused on creating long term value,” said Giorgio Armani.