MILAN — An acceleration in its fourth-quarter sales last year, a jump in revenues in Russia and a strong performance of its footwear and leather goods division contributed to a 3.3 percent gain in Aeffe SpA 2012 revenues.
Sales at the Italian fashion group, which controls the Alberta Ferretti and Moschino brands, grew to 254 million euros, or $325.1 million, compared with 246 million euros, or $342 million, in 2011.
Aeffe’s ready-to-wear division showed a 2.1 percent gain to 201.3 million euros, or $257.6 million, while the footwear and leather goods division gained 8.7 percent, amounting to 69.5 million euros, or $89 million.
Executive chairman Massimo Ferretti noted that the fourth quarter last year showed a “robust growth” of 14 percent compared with the same period the previous year, lifted by the group’s wholesale and retail channel, which grew 17 percent and 12 percent, respectively. “Also the year 2013 has started benefiting from the good data of the backlog for the spring/summer 2013 collections, and we are confident that these encouraging signs will be further confirmed in the coming months,” concluded Ferretti.
For the full year, sales in Italy decreased 3.4 percent to 99.3 million euros, or $127.1 million, accounting for 39.1 percent of total consolidated sales. In the last quarter of 2012, however, sales in Italy showed a recovery, climbing 8.9 percent compared with the fourth quarter of 2011.
In 2012, revenues in Europe, excluding Italy and Russia, gained 2.8 percent to 53.8 million euros, or $68.8 million. In the fourth quarter, sales grew 15.9 percent.
Russia showed a 21.4 percent increase and accounted for 8.3 percent of sales. In the last quarter, sales jumped 39.4 percent.
The U.S. posted a 6.1 percent increase and accounted for 7.5 percent of total sales.
Japan was up 7.8 percent, accounting for 9.5 percent of total revenues.
The Rest of the World area showed a 10.6 percent growth, amounting to 14.3 percent of total sales.
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