(Finance) – The group Salvatore Ferragamo closed the first half of 2023 with a Net income of 21 million euros, down by 65.4% compared to the first half of 2022.
THE revenues amounted to 600 million euros, down 4.8% compared to (-7.2% at constant exchange rates), “in a phase in which the company is accelerating in the creative transition and continues to optimize channels wholesale and retail”. Ebit dropped to 47 million euros (-50.8% compared to the first half of 2022) and Ebitda to 134 million (-25.6%).
The net financial position indicates liquidity of 278 million compared to 309 million at the end of June 2022.
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