Aeffe FY19 revenue grows to €351 mn

Fashion

13 Mar `20

2 min read

Aeffe SpA, an Italy-based fashion and luxury goods company, reported 1.4 per cent increase in revenue to €351.4 million in fiscal year 2019 compared to €346.6 million in prior year. Net Profit for the group decreased 26.4 per cent to €12.3 million compared to €16.7 million in FY18. Revenues of the prêt-à-porter division fell 1.3 per cent to €262.2 million.

Aeffe SpA, an Italy-based fashion and luxury goods company, reported 1.4 per cent increase in revenue to €351.4 million in fiscal year 2019 compared to €346.6 million in prior year. Net Profit for the group decreased 26.4 per cent to €12.3 million compared to €16.7 million in FY18. Revenues of the prêt-à-porter division fell 1.3 per cent to €262.2 million.#

Revenues of the footwear and leather goods division increased 8.3 per cent to €128.2 million.

Aeffe SpA, an Italy-based fashion and luxury goods company, reported 1.4 per cent increase in revenue to €351.4 million in fiscal year 2019 compared to €346.6 million in prior year. Net Profit for the group decreased 26.4 per cent to €12.3 million compared to €16.7 million in FY18. Revenues of the prêt-à-porter division fell 1.3 per cent to €262.2 million.#

In 2019, sales in the Italian market decreased 4.5 per cent to €160.9 million compared to 2018, reportedly due to the weakness of the wholesale channel, in contrast with the positive performance of retail. Sales in Europe increased 8.1 per cent to €86.890 million reportedly driven by the good performance in UK, Germany and Eastern Europe.

Aeffe SpA, an Italy-based fashion and luxury goods company, reported 1.4 per cent increase in revenue to €351.4 million in fiscal year 2019 compared to €346.6 million in prior year. Net Profit for the group decreased 26.4 per cent to €12.3 million compared to €16.7 million in FY18. Revenues of the prêt-à-porter division fell 1.3 per cent to €262.2 million.#

In Asia and in the Rest of the World, the group's sales for the year rose 7.4 per cent to €86.0 million. Sales in America fell 4.5 per cent to €17.6 million in FY19.

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