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Salvatore Ferragamo SpA (SFER.MI)

SFER.MI on Milan Stock Exchange

28.32EUR
11:35am EDT
Change (% chg)

€0.18 (+0.64%)
Prev Close
€28.14
Open
€28.10
Day's High
€28.57
Day's Low
€28.01
Volume
307,348
Avg. Vol
611,288
52-wk High
€29.88
52-wk Low
€17.26

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

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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.