Due to a bad Asian market and wholesale environment, Salvatore Ferragamo’s revenues in the second quarter came in at € 296 million, down 8.1 per cent at current exchange rates and down 6 per cent at constant currency.
Revenues for the first half of the year came to € 523 million, a decrease of 12.8 per cent at current exchange rates and 10.9 per cent at constant exchange.
EBITDA fell to € 117 million in the first half, operational profit was down 41 per cent to € 28 million, profit before taxes dropped to € 15 million, net profit was down to € 6 million, and group net profit was also down to € 6 million.
Commenting on the trading update, Marco Gobbetti, the group CEO and general manager said in a statement, “Despite positive operating trends, our aggregate financial results in the second quarter were significantly impacted by the challenging consumer environment, especially in Asia Pacific, which offset the positive trends in the rest of the world. We have also continued to experience weakness in the wholesale channel, exacerbated by a more selective distribution strategy.”
The company’s DTC channel had a decline in the second quarter of 3.8 per cent at constant currency and 5.5 per cent at current exchange. Strong results in North America, Europe, and Japan were offset by a weak Asia-Pacific region.
The DTC channel lost 5.1 per cent at current exchange rates and 5.5 per cent at constant exchange over the first half of the year. The unfavourable overall environment was reflected in the wholesale channel’s fall of 12.1 per cent at constant exchange rates and 8.7 per cent at current exchange in the second quarter.
In the first half, the wholesale channel was down 24.8 per cent at constant exchange and down 23.1 per cent at current exchange rates
Bharat Tex Special Report 2026 
