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Salvatore Ferragamo SpA (SFER.MI)

SFER.MI on Milan Stock Exchange

25.66EUR
11:35am EDT
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€-1.19 (-4.43%)
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€26.85
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€27.08
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€25.66
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2,202,691
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€29.88
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€17.26

Latest Key Developments (Source: Significant Developments)

Ferragamo early 2017 like-for-like sales show low single digit growth-CEO
Tuesday, 14 Mar 2017 02:34pm EDT 

Salvatore Ferragamo Chief Executive Eraldo Poletto tells analysts on a post-results conference call: group seeing "low single digit positive" growth in like-for-like sales in first months of the year Further company coverage: [SFER.MI] (Reporting by Milan newsroom).  Full Article

Salvatore Ferragamo 2016 like-for-like sales fell 4.4 pct - CEO
Tuesday, 14 Mar 2017 02:26pm EDT 

Salvatore Ferragamo Spa CEO Eraldo Poletto tells analysts in a post-results conference call: like-for-like sales fell 4.4 percent in 2016, group hopes for positive like-for-like this year . CFO Ernesto Greco says EBITDA margin in range of 25 percent is group's next objective . CFO Greco says sees no big improvement in results in first half of this year Further company coverage: [SFER.MI] (Reporting by Milan newsroom).  Full Article

Ferragamo chairman rules out family selling stake in company
Friday, 3 Feb 2017 09:25am EST 

Salvatore Ferragamo: Chairman Ferruccio Ferragamo tells reporters he rules out family selling stake in company . The family investment vehicle holds almost 58 percent of the group, single family members hold an additional 10 percent of company shares Further company coverage: [SFER.MI] (Reporting by Milan newsroom).  Full Article

Ferragamo's future tax rate down to 24 pct with patent box deal
Friday, 3 Feb 2017 07:17am EST 

Salvatore Ferragamo: Chief Financial Officer Ernesto Greco says with patent box agreement the group's tax rate in the future years is estimated to go down to 24 percent, from 31 percent in 2015 . The company signed a preliminary agreement with the Italian tax authorities in December to take advantage of the so-called Patent Box tax break regime [nI6N1EA029] Further company coverage: [SFER.MI] (Reporting by Milan newsroom).  Full Article

Italy's Ferragamo to increase cash flow in mid-term
Friday, 3 Feb 2017 06:50am EST 

Salvatore Ferragamo Chief Executive Eraldo Poletto says during the presentation of the company's industrial strategy: he sees an increase in the group's cash flow in the mid-term, but has still no plans on how to use it Further company coverage: [SFER.MI] (Reporting by Milan newsroom).  Full Article

Italy's Ferragamo aims to raise margins by "couple 100 points"
Friday, 3 Feb 2017 06:17am EST 

Salvatore Ferragamo Chief Executive Eraldo Poletto says during the presentation of the company's industrial strategy: company gross profit margin to rise by "a couple 100 points" in medium term Further company coverage: [SFER.MI] (Reporting by Milan newsroom).  Full Article

Italy's Ferragamo seeks to boost shop profitability
Friday, 3 Feb 2017 05:29am EST 

Salvatore Ferragamo Chief Executive Eraldo Poletto says during the presentation of the company's industrial strategy: group will focus on making shops more profitable . aims to have 15-20 new stores per year, including relocations and renovations Further company coverage: [SFER.MI] (Reporting by Milan newsroom).  Full Article

Ferragamo's 2016 sales up 1 pct thanks to currencies
Tuesday, 31 Jan 2017 12:07pm EST 

Italy's Salvatore Ferragamo says: 2016 revenues 1.438 billion euros versus Thomson Reuters estimate of 1.42 billion euros . Revenues up 1 percent at current exchange rates, fell 2 percent at constant currencies . Q4 revenue rose 4 percent at current exchange rates, up 1 percent at constant currencies, retail sales confirmed and strengthened such trend in January 2017 . Sales in top market Asia-Pacific rose more than 4 pct at current exchange rates in Q4 despite Hong Kong weakness . Sales in Europe fell 2 percent at current exchange rates in Q4, rose 7 percent in North America .Retail sales rose more than 2 percent at constant exchange rates in Q4. Wholesale revenues up 3 pct in Q4 at current exchange rates..  Full Article

Ferragamo takes full control of South East Asia distribution JV
Tuesday, 20 Dec 2016 08:29am EST 

Italian luxury group Salvatore Ferragamo says: bought from Trinity Luxury Brands Holdings the remaining 20 percent in a distribution joint-venture in Korea and South East Asia . The four companies object of the deal are based in Korea, Malaysia, Singapore and Thailand of SEAK area joint venture . Acquisition part of joint-venture agreement signed in 2012, including a put/call option for the 20 percent stake .Ferragamo counts 70 stores in Korea and South East Asia.  Full Article

Ferragamo shares down 6.9 pct as 9-month results fall short
Tuesday, 15 Nov 2016 03:25am EST 

Salvatore Ferragamo: Shares in the group are down almost 7 percent, after earlier failing to open . The company posted on Monday a 0.7 percent fall in 9-month core profits, just below expectations, dragged down by falling revenues in Europe. [nI6N1D302I] . The 9-month results reflect "tough macro conditions, not at all under the company's control, and an uncertain environment at the forthcoming Christmas season," writes a Mediobanca report on Tuesday Further company coverage: [SFER.MI] (Reporting by Milan newsroom).  Full Article

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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.