Aeffe revenues increase 1.2 percent in 2013

REPORT_ Aeffe FY 2013 consolidated revenues were 251.1 million euros (348.7 million dollars), compared to 254 million euros (352.6 million dollars) in FY 2012, up over 1.2 percent at constant exchange rates. Excluding the new license with Ungaro, revenues would have increased by 3.9 percent

at constant exchange rates.

Revenues of the prêt-à-porter division amounted to 196.9 million euros (273.4 million dollars), up by 0.8 percent at constant exchange rates compared to 2012. Revenues of the footwear and leather goods division grew by 3.5 percent compared to 2012.

On the results, Massimo Ferretti, Executive Chairman of Aeffe Spa, opined, “We are satisfied with the results of the group, especially thinking about the future. Fiscal year 2013 was a transition year, in particular with regard to the reorganization of the brand portfolio: the consent gathered by the long-awaited debut of Jeremy Scott at the helm of the Maison Moschino was beyond our expectations and so was also for the development of other 2 projects, such as the upgrade of the Alberta Ferretti collections as well as Cédric Charlier and Emanuel Ungaro by Fausto Puglisi collections.”

In 2013 sales in Italy, amounting to 41 percent of consolidated sales, increased by 5.2 percent. At constant exchange rates, FY 2013 sales in Europe, contributing to 20 percent of consolidated sales, decreased by 6.6 percent. The Russian market, representing 8 percent of consolidated sales, declined by 8.4 percent, whereas sales in the United States, contributing to 7 percent of consolidated sales, decreased by 8.4 percent at constant exchange rates. Japanese sales, contributing to 9 percent of consolidated sales, increased by 12.1 percent at constant exchange rates. In the rest of the world, the group’s sales totalled 38.2 million euros (53 million dollars), amounting to 15 percent of consolidated sales, equal to an increase by 4.8 percent at constant exchange rates with positive changes in Greater China, over 20 percent and in the Middle East with over 7 percent.

In 2013 consolidated EBITDA of the company based in San Giovanni in Marignano was equal to 20.6 million euros (28.6 million dollars). EBITDA of the prêt-à-porter division amounted to 18.4 million euros (25.5 million dollars) and EBITDA of the footwear and leather goods division was equal to 2.2 million euros (3 million dollars).

Image: Alberta Ferretti