MILAN — Citing strength in the U.S. and Greater China, Aeffe SpA reported preliminary revenues last year rose 7 percent to 268.8 million euros, or $298.3 million, compared with 251.5 million euros, or $334.5 million in 2014. At constant exchange rates, sales gained 5.1 percent.
Revenues in the ready-to-wear division climbed 7.8 percent to 207.2 million euros, or $230 million, while footwear and leather goods increased 11.4 percent to 95.7 million euros, or $106.2 million, before interdivisional eliminations.
“We are satisfied with the group’s turnover increase, especially in the United States and in Greater China, markets we believe will be the drivers for future growth,” said Massimo Ferretti, executive chairman.
Dollar figures are converted from the euro at average exchange rates for the periods in question.
In the 12 months ended Dec. 31, sales in Italy were up 5.4 percent to 119.7 million euros, or $133 million, representing 44.5 percent of the total.
Revenues in Europe rose 1.8 percent to 56.8 million euros, or $63 million, accounting for 21.1 percent of total. The performance was dented by a decline in Eastern European countries.
The Russian market, representing 3.4 percent of total, decreased 44.8 percent to 9.1 million euros, or $10 million, hurt by the difficult domestic economy.
Sales in the U.S., accounting for 8.3 percent of sales, climbed 38.1 percent to 22.2 million euros, or $24.6 million. At constant exchange, revenues rose 18.1 percent.
Business in Japan decreased 2.8 percent to 6.8 million euros, or $7.5 million, due to a slowdown in the wholesale channel and represented 2.5 percent of sales.
In the rest of the world, sales grew 27.5 percent to 53.9 million euros, or $60 million, amounting to 20.1 percent of total, lifted by “the excellent performance” in Greater China, which posted a 72 percent growth.