Feb 4, 2019
Italian fashion group Aeffe’s revenue grows 11% in 2018 to €346.6 million
Feb 4, 2019
Italian fashion group Aeffe closed the 2018 financial year with a consolidated revenue of €346.6 million, equivalent to an 11.2% rise at constant exchange rates (up 10.9% at current rates) over the previous year. The group, which owns the Alberta Ferretti, Moschino and Pollini labels, published the figures in a press release following the approval of its preliminary consolidated results.
“The start of the new financial year is benefiting from the satisfactory growth results of the sales campaign for the Spring/Summer 2019 season (up 6%), and the positive trend of the Autumn/Winter 2019 pre-collections. We are therefore confident and believe that these encouraging signals will be confirmed in the coming months,” said the group’s executive president, Massimo Ferretti, in the press release.
In 2018, the revenue for Aeffe’s ready-to-wear division was €265.6 million, equivalent to an 11.2% increase at constant exchange rates (up 10.8% at current exchange rates). The footwear and leather goods division posted a revenue of €118.3 million, growing 9.3% both at constant and current exchange rates.
Geographically, revenue for the Greater China region rose 27.8%, while the rest of the world’s grew by 17.7%. In Europe (except Italy), revenue was up 4.6%, and in Italy it was up by 10.7%.
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