By and  on May 7, 2009

MILAN — Showing resilience in the face of a tough economy and propelled by growth across all brands and regions, Giorgio Armani SpA reported a 1.5 percent increase in sales last year, although the recession and heavy investment bit hard into profits.

The fashion company Thursday said a slowdown in demand in the fourth quarter pushed earnings before interest, taxes, depreciation and amortization (EBITDA) down 14.6 percent to 303.2 million euros, or $445.7 million, from the company’s “record” year in 2007. Sales rose to 1.62 billion euros, or $2.38 billion. At constant exchange, the sales increase stood at 2.4 percent. In particular, revenues in Greater China rose 30 percent, offsetting a 4 percent drop in Japan.

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