Jan 27, 2023
Aeffe closes 2022 with revenue of €352 million, up 8.4%
Jan 27, 2023
Italian fashion group Aeffe, whose brand portfolio includes Alberta Ferretti, Philosophy by Lorenzo Serafini, Moschino and Pollini, has closed fiscal 2022 with a revenue of €352 million, up by 8.4% at current exchange rates - and 7.7% at constant exchange rates - over the €324.6 million generated in 2021. The group grew across all regions with the exception of the Far East, and notably in the direct retail channel, posting a strong acceleration both in Italy (where revenue was up 17%) and in the rest of Europe (up by 59.3%).
The ready-to-wear division’s revenue was €231.8 million before inter-divisional adjustments, equivalent to a 5.3% increase at current exchange rates over fiscal 2021 (and a 4.2% one at constant exchange rates). Revenue for the footwear and leather goods division was €163.6 million before inter-divisional adjustments, equivalent to a 16.9% rise at current exchange rates over fiscal 2021, with revenue at constant exchange rates increasing by the same percentage.
“Despite the uncertain macroeconomic environment, we are very satisfied with our fiscal 2022 revenue performance, to which all our brands contributed, exceeding pre-pandemic levels,” said Massimo Ferretti, Aeffe’s executive president. “The significant growth in retail, together with the strong development of accessories, testify to the effectiveness of the investments made to further enhance our strategic positioning. Looking closely at the market’s evolution, we are also aiming to capitalise on the investment relating to the reorganisation of the Moschino brand’s retail distribution in China, the only region that recorded a slowdown due to the Covid restrictions,” he added.