Edition:
United States

Salvatore Ferragamo SpA (SFER.MI)

SFER.MI on Milan Stock Exchange

20.97EUR
15 Dec 2017
Change (% chg)

€-1.60 (-7.09%)
Prev Close
€22.57
Open
€20.70
Day's High
€21.19
Day's Low
€20.42
Volume
1,856,141
Avg. Vol
590,773
52-wk High
€29.88
52-wk Low
€20.42

Latest Key Developments (Source: Significant Developments)

Salvatore Ferragamo CEO sees 2018 as "another year of hard work"
Tuesday, 14 Nov 2017 11:05am EST 

Nov 14 (Reuters) - Salvatore Ferragamo Chief Executive Eraldo Poletto tells a post-results analyst call: :2018 is going to be "another year of hard work".  Full Article

Italy's Ferragamo to start publishing interim financial reports
Tuesday, 10 Oct 2017 06:39am EDT 

Oct 10 (Reuters) - Italian luxury group Salvatore Ferragamo says::will start publishing interim financial reports as at March 31 and September 30 each year, starting from November 14, 2017.wants to promote open and ongoing dialogue with financial community.  Full Article

Ferragamo says target of growing twice as fast as market is for medium-term
Monday, 31 Jul 2017 01:31pm EDT 

July 31 (Reuters) - Italy's Salvatore Ferragamo Chief Executive Eraldo Poletto tells a post-results analyst call::target of growing twice as fast as the market, announced with business plan in February this year, is a medium-term goal, group is progressing, "it's going to take time to get there".there is a "gradual evolution towards the targets", with the bulk of group's actions already activated but that will require several months .group is working on wholesale to reduce losses in H2, which will remain "slightly negative".exchange rate with dollar is creating headwinds.not planning significant changes in pricing architecture.would like to extend offering in upper end, with more expensive bags and also strengthen the offer of small leather goods .  Full Article

Salvatore Ferragamo CEO sees improving trend for wholesale in H2
Monday, 31 Jul 2017 12:46pm EDT 

July 31 (Reuters) - Italy's Salvatore Ferragamo Chief Executive Eraldo Poletto tells a post-results analyst call: :group focusing on inventory in order to generate cash, generate space and have proper product mix.sees improving trend for wholesale in second half.destocking of inventory mainly carried out in H1, won't be at same level in the second half of year..  Full Article

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

Doubt over financial targets hammers Ferragamo shares

PARIS, Dec 15 Shares in Salvatore Ferragamo fell more than 8 percent on Friday after the Italian luxury goods firm, best known for its shoe designs and leather goods, signalled it would still be mired in a turnaround phase in 2018.