Italian fashion label Valentino’s CEO, Stefano Sassi has informed an Italian financial daily Il Sole 24 Ore that the brand noted 48 per cent increase in its revenue to € 987 million for the full year 2015. The company’s EBITDA touched € 180.2 million mark against € 98.5 million in the comparable period last year, and was equivalent to 18.3 per cent of total sales, compared to 14.8 per cent in 2014.
Sassi further stated that EBIT grew from € 43 million in 2014 to € 104.4 million a year later. The factors that pushed earnings at Valentino are – store growth in like-for-like terms, a 20 per cent surge by a retail network which now accounts for 55 per cent of total sales; good performance of wholesale channels; opening of around 20 to 30 new stores last year; and a favourable exchange rate effect.
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Founded in 1960, Valentino is a clothing firm that also offers products in segments like footwear, accessories, etc. It operates around 160 mono brands across the globe. Accessories section has also fetched great profits for the brand. The section accounts for 55 per cent of revenue today as against 30 per cent a year ago. Menswear segment too did well for the clothier as it was worth € 100 million in 2015.
