• Nine-month net profit up 85% to EUR78.3m
  • Sales increased 27.6% to EUR549.8m

Footwear manufacturer Salvatore Ferragamo reported a jump in net profit for the first nine months of the year, on the back of rising sales, with the company highlighting particularly strong growth in the Asia Pacific region.

The company today (15 November) said that net profit rose 85% to reach EUR78.3m on the back of a 27.6% increase in revenue over the period to reach EUR549.8m.

Sales in the Asia Pacific area grew 36% over the nine-months, with sales in China increasing over 50% when compared with the same period of the previous year. The company recorded 29.3% growth in Europe, 31.1% growth in North America, 1.7% growth in Japan, and a 33.3% rise in Central and South America.

Gross operating profit increased 30.5% to EUR448.9m and rose to 64% of revenues, up on the 62.6% recorded in the first nine months of the previous year.