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Sales at Ferragamo rise 13% in first quarter

MILAN, May 11 (Reuters) - Comparable sales at Salvatore Ferragamo bounced back in the first quarter to rise by 13% thanks to strong growth in Asia and the United States, the Italian luxury group said on Tuesday.

Ferragamo, which has been hit harder than most rivals by the fallout of the coronavirus pandemic, said sales had accelerated further in the second quarter but added that the market remained volatile and did not give forecasts for the full year.

The group posted 245 million euros ($298.1 million) in revenues in the three months to end-March, in line with analyst expectations of 243 million euros, according to a Refinitiv consensus.

Reporting by Claudia Cristoferi, editing by Silvia Aloisi

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