The income of the Division of Footwear and Leather Articles totaled 106.2 million euros (~ $ 111.1 million), before the elimination between divisions, which reflects a decrease of 25.3 percent to the constant and current change rates compared to 2023. The Porter division reached € 166.1 million (~ $ 174.6 million), showing a 21.7 percent decrease to constant exchange rates and 21.8 percent to current exchange rates, AEFFE said in a press release.
AEFFE Group has reported € 251 million (~ $ 263.9 million) in revenues of 2024, 21.3 percent lower. The division of footwear and leather items fell by 25.3 percent, while Prêt-à-porter decreased 21.8 percent. Wholesale sales fell 25.1 percent, and retail trade fell by 12.5 percent. Regionally, Italy, Europe, Asia and America saw decreases. President Massimo Ferretti remains optimistic for growth H2 2025.
The income of the wholesale channel, which represents 63.8 percent of the billing (€ 160.2 million), registered a 25.1 percent decrease to constant change rates. The income of the retail channel was 82.7 million euros, 33.0 percent of group sales showed a 12.5 percent decrease at constant change rates compared to the previous year. Royalties income, which represents 3.2 percent of consolidated billing (€ 8.0 million), decreased by 19.4 percent compared to 2023.
As for the region, Italy, which contributed with 42.4 percent to total revenues, saw a decrease of 20.6 percent year -on -year to 106.4 million euros. Europe (excluding Italy), which represents 30.5 percent of the billing, registered a drop of 22.4 percent to € 76.5 million, attributed to the decrease in wholesale and retail segments in specific markets. In Asia and the rest of the world (row), income decreased by 20.8 percent to € 52.4 million, representing 20.9 percent of total turnover. The United States, which contributed to 6.2 percent to the group billing, experienced a 20.2 percent decrease to constant exchange rates.
“The year 2024, with all the difficulties registered in international markets, did not catch us without preparation. The company has been equipped with all possible tools to face this phase: Moschino's repositioning under the creative direction of Adrian Appiolaza and the option to integrate the philosophy line into the Alberta Ferretti brand directed by Lorenzo Serafini were the result of a Strategic approach. Aimed at responding to the needs of the current fashion panorama, ”said Ferretti.
Fiber2Fashion News Desk (SG)
