Salvatore Ferragamo’s profit up 22 percent in the first half 2012
Italian luxury house of Salvatore Ferragamo reported this week a 22,5 percent increase in its net profit, totalling 55,9 million euros, for the first half of 2012, compared to the same period last year. The group attributes the strong financial results to the ”Made in Italy” strategy, which the company has been enhancing each of the past 5 years.
Ferragamo’s turnover for the first 6 months of 2012 reached a total of 565,1 millions euros, representing a 22,9 percent increase compared to the same period last year.
Besides its own product range for men, women - ready to wear, accessories, shoes, bags etc, Ferragamo also produces the shoes and bags lines for other major luxury brands such as Ermenegildo Zegna, this activity also presenting a growing performance.