ITALY: Aeffe returns to YTD profit as sales surge
- Net profit EUR0.1m year to date, versus EUR5.1m net loss
- Revenues up 14% to EUR197.4m
- Orders for spring/summer 2012 “positive”
Luxury apparel and footwear business Aeffe returned to profit in the first nine months of the year, boosted by a double-digit sales increase.
The owner of brands including Alberta Ferretti, Moschino, Pollini and JP Gaultier said prêt-à-porter revenues were up 10.3% in the period, while sales of footwear and leather goods surged up 31%.
“The sales growth continued in the third quarter of 2011, both in the retail and in the wholesale channel, registering, respectively, a 10.1% and 9.3% increase,” said Massimo Ferretti, Aeffe executive chairman.
“Also, the orders backlog for spring/summer 2012 collections was positive and this leaves us confident about the trend of the next year.”
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