Armani Group reports 4,5% turnover increase for the full year 2015
The Armani Group archived 2015 with revenues up by 4.5% to 2.65 billion euros. EBITDA totaled 513 million euros, from 507 million euros the previous year. The margin amounted to 19.4% from 20% in 2014, when the increase in sales was 16%.
As it said in a note, the growth was organically all brands and distribution channels and found ‘satisfactory’ in all markets. Wholesale revenues, which includes licenses, amounted to 4 billion euro.
The Milan group boasts a cash reserve of 640 million, which will be subject to further investments on the portfolio of brands to strengthen their competitive position, globally.
“The good results achieved in 2015 – said the president Giorgio Armani – once again demonstrate the ability of the Group to confirm itself as an industry leader and point of reference at the global level.”
“These outcomes – he added – are the result of a careful line diversification policy, in conjunction with coordination of distribution channels, the enhancement of the role of our trading partners and supported by a creative drive, combined with a balanced industrial strategy geared to create quality and lasting value. “
At the end of 2015 the distribution network reached 2,983 stores, reaching more than 60 countries, including 165 stores Giorgio Armani, 338 teaches at Emporio Armani, Armani Collezioni 754, 238 A | X Armani Exchange, Armani Jeans AJ 880, 198 56 Armani Junior and Armani / Casa.