Armani Group reports 4,5 percent growth in revenues for 2013
Armani Group reports consolidated revenues in 2013 reached 2.186 billion euro an increase of 4.5% compared to 2012 , while the operating margin (EBIT) amounted to 401 million euros , an increase of 18.2% on the previous year, bringing the percentage of net sales to 18.4% . Net profits at 31 December 2013 amounted to 700 million euros.
The group also confirmed the acquisition of the remaining 50 % of the A|X Armani Exchange label. Giorgio Armani, President of the Group, said: “The success of a brand lies in its ability to combine creativity and sales. The strong profitability and liquidity we have available also allow us to accelerate our investments for future development.”