By  on February 23, 2012

MILAN — The underperforming Just Cavalli license hurt the Roberto Cavalli group’s revenues last year, although the Italian fashion company closed 2011 with sales inching up 1.1 percent to 178 million euros, or $247.2 million at average exchange, compared with the previous year.

While not audited yet, earnings before interest, taxes, depreciation and amortization are estimated to total more than 14.5 percent of sales, a gain compared with the previous year due to reorganization and improved efficiency in 2011, the company said.

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