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Salvatore Ferragamo SpA (SFER.MI)

SFER.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ferragamo full-year consensus achievable - CEO
Tuesday, 2 Aug 2016 12:15pm EDT 

Italian luxury goods company Salvatore Ferragamo in a post-result analyst call on Tuesday: Outgoing CEO Michele Norsa says both revenue and EBITDA full-year consensus estimates are achievable if the sector shows improvement and net of any external extraordinary events . CEO says group will this year open 7-10 new directly-operated stores and 10-12 stores run by third parties . Chief financial officer Ernesto Greco says July retail sales positive, sees improvement in second half, especially in China and Korea . CFO says like-for-like sales growth in second quarter will be negative in a mid single digit range, the trend is towards better performance for rest of year . CFO says like-for-like sales growth in first three months is negative in the high single digits .CFO says gross profit margin of 67 percent posted in H1 remains a target for rest of year.  Full Article

Ferragamo CEO says April like-for-like sales showing improvement
Thursday, 12 May 2016 01:30pm EDT 

Salvatore Ferragamo CEO Michele Norsa tells analysts on a conference call: Like-for-like sales posted a decline in Q1 in mid to mid-high single digits, April showing improvement but hard to gauge H1 performance Further company coverage: [SFER.MI] (Reporting by Milan newsroom).  Full Article

More From Around the Web


Italy's Ferragamo posts 17 percent rise in net profit, flat EBITDA

MILAN Italy's Salvatore Ferragamo posted on Tuesday rising net profits in 2016 thanks to a new national tax break regime but core profits and margins in the same period were flat.