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Aeffe closes the first quarter above expectations

Aeffe Group has closed the 2018 first quarter above expectations, with consolidated revenues for 95.2 million Euro, and a growth by 20.3% at constant exchange rates (+19.7% at current exchange rates), if compared to the previous year’s same period. EBITDA has also risen, amounting to 20.3 million Euro (equivalent to 21.4% of total revenues), if compared to the 15.4 million Euro share of 2017; net profit has also behaved in the same way, by reaching a level of 11.3 million Euro and totalling better results if compared to the previous year’s 8.1 million Euro.

 

As far as the single divisions are concerned, the Ready-to-Wear segment’s revenues have totalled 72.1 million Euro (+17.5% at current exchange rates), while the Footwear and Leather segment has amounted to 32 million Euro (+26.2%). “The Group is focused on a constant organic growth policy for all the controlled brands, while the continuous increase of revenues and profitability, both in the Ready-to-Wear segment and in the Accessories, proves the value of our stylistic offer, managerial choices and investments”, Massimo Ferretti – Executive Director at Aeffe – has commented. “If we consider that the sales campaign for the Autumn/Winter 2018-2019 season has concluded with a rise of 12%, we continue to look at the future with optimism”.

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