Salvatore Ferragamo Results Presentation Deck slide image

Salvatore Ferragamo Results Presentation Deck

FY 2022 BUSINESS UPDATE • Fully on track on all our strategic priorities 2022 another year of growth in revenues, amid a complex and volatile macroeconomic environment, in which we focused on the quality of sales in our RTL network, progressed on the optimization of the WHL channel, and increased investments in H2, as planned • FY'22 total sales at 1,252M Euros, up 10% vs. LY, and EBIT at 128M Euros, down 11% vs. LY. Despite Q4 22 impacted by Chinese Covid-19 restrictions, we pursued our full-price strategy and FY'22 Gross Margin reached 72% of revenues • In 2023 progressive deployment of our new product offer. Encouraged by early results of SS'23 collection, just launched in stores, and very pleased with the success of the recent FW fashion show, applauded by both press and retailers Despite continued geopolitical and macro-economic volatility, we are encouraged by the trends we see in China and are optimistic about its potential going forward • We remain very excited by the growth opportunity of Ferragamo FERRAGAMO 3
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