(Finance) – The Board of Directors of Aeffe Groupa luxury company listed on the Euronext STAR Milan segment, has approved the preliminary data relating to sales of the 2024 financial year. In 2024 the group recorded revenues of 251 million euroscompared to 319 million euros in 2023 (-21.2% at constant exchange rates, -21.3% at current exchange rates).
The revenues of the ready-to-wear division were equal to 166.1 million euros gross of eliminations between the two divisions, recording a decrease of 21.7% at constant exchange rates compared to the same period of 2023 (-21.8% at current exchange rates). The revenues of the footwear division and leather goods were equal to 106.2 million euros gross of eliminations between the two divisions, recording a decrease of 25.3% at current exchange rates compared to the same period of 2023 (same percentage at constant exchange rates).
“2024, with its difficulties in international markets, did not catch us unprepared. The company has equipped itself with all the possible tools to face this phase: the repositioning of Moschino with the Creative Direction of Adrian Appiolaza and the choice to integrate the line Philosophy within Alberta Ferretti led by Lorenzo Serafini were the result of strategic thinking aimed at responding to the needs of the current fashion panorama – he commented Maximum FerrettiExecutive President of Aeffe Spa –. Let us therefore face the new year with an optimistic and positive outlook. We hope that end consumers around the world will quickly regain a renewed desire for fashion and luxury, and we expect to see the first signs of new growth starting in the second half of the year.”