Salvatore Ferragamo’s revenues and profitability suffered throughout the year due to the market environment, which was marked by an especially challenging first half of the year. Revenues for the Florentine company in 2024 were US $ 1,118.8 million (-8.2 per cent at constant exchange rates, compared to US $ 1,250.08 million in the 2023 fiscal year).
The EBITDA is at US $ 232.2 million (-14.5 per cent compared to US $ 272.16 million in the 2023 fiscal year), the gross margin is at US $ 799.2 million (-11.8 per cent compared to US $ 905.52 million on 31st December 2023), and the incidence on revenues is at US $ 71.5 per cent (-110 basis points compared to 72.6 per cent on 31st December 2023).
Management emphasised that the market has been impacted by persistent geopolitical tensions and macroeconomic uncertainty, which have impacted the demand for luxury items in 2024.
Consolidated revenues for the fourth quarter of 2024 were US $ 314.28 million, which was a 4.0 per cent decrease at constant exchange rates and a 6.7 per cent decrease at current exchange rates when compared to the fourth quarter of 2023.
In comparison to the positive US $ 28.08 million achieved in the 2023 fiscal year, the net profit for the period, including third-party interests, was negative by US $ 73.44 million.
Between fiscal 2024 and fiscal 2023, EMEA area sales fell 7.8 per cent at constant exchange rates (-8.9 per cent at current exchange rates). In comparison to fiscal 2023, the North America region’s net sales decreased by 2.6 per cent at both constant and current exchange rates. Comparing the Central and South America region to fiscal 2023, net sales increased by 1 per cent at constant exchange rates (-3 per cent at current exchange rates). Net sales in Asia Pacific fell 18.9 per cent at constant exchange rates (-19.7 per cent at current exchange rates). Comparing Japan’s net sales to fiscal 2023, they grew 3.2 per cent at constant currency rates (-4.3 per cent at current exchange rates).
The company maintains a cautious approach to short-term forecasts due to uncertainties over the demand for luxury items.
Bharat Tex Special Report 2026 
