Salvatore Ferragamo reports H1 FY20 revenue of €377 mn

Fashion

Salvatore Ferragamo reports H1 FY20 revenue of €377 mn

23 Sep `20

2 min read

Salvatore Ferragamo, a luxury goods company, approved its financial result for first half (H1) FY20 ended on June 30, 2020. Revenue for the six months period fell 46.6 per cent to €377 million compared to revenue of €705 million in the same period previous fiscal. Company incurred a net loss of €86 million compared to net profit of €60 million in H1 FY19.

Salvatore Ferragamo, a luxury goods company, approved its financial result for first half (H1) FY20 ended on June 30, 2020. Revenue for the six months period fell 46.6 per cent to €377 million compared to revenue of €705 million in the same period previous fiscal. Company incurred a net loss of €86 million compared to net profit of €60 million in H1 FY19.#

Gross profit for H1 FY20 was €225.9 million (H1 FY19: €456.8 million). The operating loss for the quarter was registered of €74.4 million compared to the operating profit of €93.9 million in H1 FY19.

Salvatore Ferragamo, a luxury goods company, approved its financial result for first half (H1) FY20 ended on June 30, 2020. Revenue for the six months period fell 46.6 per cent to €377 million compared to revenue of €705 million in the same period previous fiscal. Company incurred a net loss of €86 million compared to net profit of €60 million in H1 FY19.#

Retail revenue for the period came down 41.0 per cent to €260.6 million (€441.6 million). Whereas, wholesale revenue plunged 56.4 per cent to €110.8 million (€254.3 million).

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