Aeffe Q3 FY20 gross sales fall 23% to €207 mn


Aeffe SpA, a style and luxurious items firm, reported 23.1 per cent gross sales decline to €206.eight million in its third quarter (Q3) YoY for FY20 ended on September 30, 2020 in comparison with gross sales of €269.zero million in similar interval prior yr. Group incurred a internet Loss for the 9 months interval of €13.9 million in comparison with the web revenue of €13.5 million in Q3 FY19.

 

“In a market characterised by a generalised contraction in consumption and a prudent stance, we positively consider the bettering development of the enterprise within the third quarter of the yr, which, together with the advantages of the actions taken to assist the financial and monetary soundness of the group, is mirrored within the outcomes of the primary 9 months,” Massimo Ferretti, government chairman of Aeffe Spa, stated in a press launch.

 

Gross sales within the Italian market decreased 21.eight per cent to €97.9 million (€125.1 million) pushed by each the retail and wholesale channels, as a result of sharp decline in tourism flows following the stringent measures to distinction the unfold of the pandemic. Whereas in Europe, revenues remained stagnant at €61.zero million (€62.three million). In Asia and remainder of the world, Aeffe’s gross sales slipped 41.7 per cent to €39.2 million (€67.four million).

 

Revenues of the prêt-à-porter division fell 24.four per cent to €151.7 million. Whereas, revenues of the footwear and leather-based items division decreased 15.four per cent to €81.9 million.

 

“Due to the repute of our manufacturers and the concrete funding plan carried out within the areas of digital advertising and marketing with the event of a “digital showroom” and the strengthening of e-commerce, the order assortment for the subsequent Spring/Summer season 2021 collections registered a development above expectations, albeit with a damaging steadiness. Regardless of the context stays unsure and difficult, we’re assured that the technique adopted will have the ability to create strong foundations with a medium-long time period horizon,” Ferretti stated.

Fibre2Fashion Information Desk (JL)

Aeffe SpA, a style and luxurious items firm, reported 23.1 per cent gross sales decline to €206.eight million in its third quarter (Q3) YoY for FY20 ended on September 30, 2020 in comparison with gross sales of €269.zero million in similar interval prior yr. Group incurred a internet Loss for the 9 months interval of €13.9 million in comparison with the web revenue of €13.5 million in Q3 FY19.





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