Feb 12, 2016
Aeffe: revenue grows 7% in 2015, boosted by USA and China
Feb 12, 2016
The Aeffe group closed the 2015 fiscal year with a revenue of €268.8 million, a 7% growth at current exchange rates, and a 5.1% one at constant rates.
A press release on the group’s preliminary results stated that the ready-to-wear division's revenue grew 7.8% to €207.2 million (+5.5% at constant exchange rates), while that of footwear and leather goods grew 11.4%, inclusive of inter-divisional adjustments, and amounted to €95.7 million.
"We are satisfied with the group's revenue growth, especially in the USA and Greater China, and we think these markets will act as drivers for future expansion," commented in the press release Massimo Ferretti, Executive President of a group that features brands such as Alberta Ferretti, Philosophy by Lorenzo Serafini, Moschino, Pollini, Jeremy Scott and Cédric Charlier.
Sales in the USA, accounting for 8.3% of revenue, recorded an 18.1% rise at constant exchange rates, while the Greater China area grew by 72%. The Russian market, accounting for 3.4% of consolidated revenue, has instead fallen by 44.8%, "a decline which is wholly due to the country's troubled economic situation, and which has touched all of the group's brands." Sales in Italy, which represent 44.5% of the total, grew by 5.4%.
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