MILAN (Reuters) – Revenues at Italian luxurious group Salvatore Ferragamo fell by 7.2% at fixed trade charges within the third quarter of the 12 months, hit by weak demand in Asia, the corporate stated on Tuesday.
Revenues totalled 221 million euros ($241 million) within the interval, under analyst expectations of 229 million euros, based on a consensus cited by analysts.
“The present context provides strain on our top-line and profitability, due to this fact delaying the timing of the supply of our monetary aims” Chief Govt Marco Gobbetti stated in a press release.
The group foresees that the working outcome for the complete 12 months shall be on the lowest finish of analysts’ present estimates, it stated within the assertion.
($1 = 0.9176 euros)