Salvatore Ferragamo Results Presentation Deck
1Q 2023
BUSINESS
UPDATE
• 2022 was a building year in which we started our strategic refocusing.
• In 2023 we started the progressive deployment of our new product offer. In
February the first products designed by our new creative Director, Maximilian
Davis, arrived in our stores.
• In spite of positive early results, the limited quantities of new products are not
yet sufficient to positively impact the trading in this phase of the transition.
Reported revenues for Q1 23 were down 4% vs. LY (-7% at const. FX).
• RTL, at const. FX, was down 2% vs. Q1 22, mainly penalized by a softening US
market, while we reported a positive performance in EMEA and a progressively
improving trend in China, with Mainland Chinese customers also driving the
recovery in Hong Kong.
• WHL, at const. FX, was down 16% vs. Q1 22, due to the planned rationalization
of our third parties' network, mainly in the US, and the delayed recovery of
Travel Retail in Asia Pacific, while EMEA reported a solid trend.
FERRAGAMO
3View entire presentation