Ferragamo reports record 103 percent increase in net profit for Q1 2013

Italian luxury house of Salvatore Ferragamo reports a 103% growth in net profit for the first quarter of 2013 to 24 million euros, compared to the same period last year. Ferragamo also reports for the Q1 of 2013 a 9% rise in its turnover to 282 million euros and EBITDA increase of 29% to 39 millon euros. Despite unfavourable market conditions, the company expects a positive performance in 2013.

Salvatore Ferragamo store in Jakarta at Senayan City Mall