Furla sales rise in H1, despite China woes

By

Sandra Halliday

Published
Aug 24, 2022

Italian accessories specialist Furla has reported its first-half results with global sales rising 12% compared to a year earlier. The company didn’t put any monetary figures on these numbers but said that its turnover in 2021 was €305.8 million.

The company said that it has benefited from increased local consumption as well as the return of local and American tourist flows with the EMEA region generating growth of 43%, while North American sales were up 74%.

And it's encouraging that despite the ongoing effects of the pandemic and various restrictions during the first quarter, it also managed to achieve a 6% sales increase in the key Japanese market.

Ads

However, overall the Asia-Pacific market was down by a hefty 27%.

This was due to the impact of pandemic-linked measures in China (where many luxury firms had a tough time during H1) and declining point of sale numbers that were most noticeable in this geographical area. As of the end of the first half, the company had 432 points of sale compared to 452 at the same time a year earlier.

Furla added that it will continue the implementation of its strategic relaunch plan with its new CEO “who will be announced shortly”.