Armani Net Climbs 12.8%

MILAN — Giorgio Armani SpA said net profits last year climbed 12.8 percent to 181.6 million euros, or $252.4 million, compared with 160 million euros, or $211.2 million, in 2010.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 8 percent to 349.9 million euros, or $486.3 million. The figures are contained in the Italian firm’s just-released annual report for the year ended Dec. 31.

Last May, Armani reported operating profit grew 23.2 percent to 281.8 million euros, or $391.7 million. Revenues rose 13.6 percent to 1.8 billion euros, or $2.5 billion, from 1.59 billion euros, or $2.1 billion, as reported.

To unlock this article, subscribe to WWD below.

load comments

blog comments powered by Disqus

Essentialist

Today's Must Read

Fashion

Drew Barrymore Launches Lifestyle Brand on Amazon Fashion

9h • Marcy Medina

Latest Galleries

On the streets of Seoul Fashion Week Spring 2018.

They Are Wearing: Seoul Fashion Week Spring 2018

The Sacai and Undercover joint show in Tokyo.

Sacai and Undercover Stage Joint Show in Tokyo

INFLUENCE PEDDLER: When Is There Too Much of a Good Thing?

Social Studies

@wwd

From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
@wwd

Top stitching, one of spring 2018's biggest trends, adds subtle yet surprising details (📷 : Paola Testa; Styled by @andrew_shang) #wwdfashion
@wwd

The ultimate street style star at Seoul Fashion Week #wwdfashion (📷: @aka_simpson )
@wwd

For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
@wwd

Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@wwd

@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
@wwd

Quilt + skirt = quilted skirt, or the perfect way to warm up at Tokyo Fashion Week #wwdfashion (📷: @shootingthestyle)
@wwd

Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
@wwd

Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
@wwd

Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)