MILAN — Lifted by gains globally and across all product categories and boosted by a solid growth of its retail chain, Salvatore Ferragamo Group revenues climbed 26.2 percent to 986.5 million euros, or $1.37 billion at average exchange, in the year ended Dec. 31.
The two-year cumulative growth rate since 2009 was 59.2 percent, said the Italian luxury house, which listed on the Milan Stock Exchange last summer.
With the exception of Japan, all regions posted revenue growth close to or higher than 30 percent, compared with the previous year. Sales in the Asia Pacific area, the group’s main market in terms of revenues, were up 33.5 percent to 357.7 million euros, or $497.2 million. The performance was boosted by Ferragamo’s retail chain, which registered a 44 percent jump in China, in particular.
Unfazed by Europe’s economic doldrums, Ferragamo saw the region post 30.8 percent growth, which the company attributed to a strong brand awareness and global tourist flows.
In the U.S., sales rose 27.2 percent.
Despite the earthquake and the nuclear tragedy that hit Japan, that market showed resilience, as revenues inched up 0.8 percent, helped by a favorable exchange rate.
Sales in the Central and South America area gained 34.5 percent.
At the end of December, the group had 323 directly operated stores. Retail sales grew 21.2 percent to 658.3 million euros, or $915 million.