Salvatore Ferragamo posts drop in revenue and profit for 2018

As of December 31, 2018, the Salvatore Ferragamo Group reported total revenues of 1,347 million euros (1,520 million dollars), down 3.3 percent at current exchange and 1.7 percent at constant exchange rates, while revenues in 4Q 2018, the company said, registered a 3.5 percent or 1.8 percent at constant exchange. Net profit for the period, including a minority interest of 2 million euros, was 90 million euros (101.5 million dollars), marking a 21.1 percent decrease, while the FY18 group net profit was 88 million euros (99.3 million dollars), compared to 119 million Euros in FY 2017, marking a decrease of 25.5 percent.