×
92 627
Fashion Jobs
ROSS
Store Protection Specialist
Permanent · San Jose
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
COLUMBIA SPORTSWEAR COMPANY
Digital Product Owner
Permanent · PORTLAND
KOHLS
Senior Product Manager
Permanent · Menomonee Falls
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Bloomingdale
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Spokane Valley
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Sunset Valley
BOARDRIDERS
Stock Supervisor - Part-Time - Jersey Gardens
Permanent · LAKE FOREST
COLUMBIA SPORTSWEAR COMPANY
Information Security Risk And Compliance Analyst
Permanent · SALEM
COLUMBIA SPORTSWEAR COMPANY
sr Manager Digital Product Management- Product Creation Technology
Permanent · PORTLAND
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - ny 59th st
Permanent · New York
REISS
Area Manager
Permanent ·
MACY'S
Asset Protection Detective, Francis Scott Key - Standard Part Time
Permanent · Frederick
MACY'S
Asset Protection Detective, Willowbrook - Flex
Permanent · Wayne
MACY'S
Asset Protection Officer, West Virginia - Full Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Detective, Walnut Creek Broadway Plaza - Flex
Permanent · Walnut Creek
MACY'S
Asset Protection Officer, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Detective, Del Amo Fashion Center - Full Time
Permanent · Torrance
MACY'S
Asset Protection Detective, Tuttle Crossing - Standard Part Time
Permanent · Dublin
TIFFANY & CO
Full Time Branch Security Officer - Cincinnati
Permanent · Cincinnati
TIFFANY & CO
Market Vice President, Mid-Atlantic & Central Market
Permanent · Chicago
Translated by
Nicola Mira
Published
May 15, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Aeffe’s revenue down 25.4% in Q1, net income virtually wiped out

Translated by
Nicola Mira
Published
May 15, 2020

Like the industry as a whole, Italian fashion group Aeffe, the owner of Alberta Ferretti, Philosophy by Lorenzo Serafini, Moschino and Pollini, has been dealt a blow by the crisis sparked by the Covid-19 pandemic. In Q1 2020, Aeffe generated a revenue of €76.2 million, down by 25.4% at current exchange rates (and by 25.5% at constant rates) compared to Q1 2019. EBITDA fell by 67.7%, to €8.6 million, while net income crashed, down to a mere €4.000, as opposed to nearly €12 million the previous year.


aeffe.com


Aeffe’s ready-to-wear division was the worst hit, its revenue falling by 30% to €54.4 million, while the footwear and leather goods division managed to limit the downturn to single digits, losing 7.9% with a revenue of €30.7 million. The commercial campaign for the Fall/Winter 2020-21 has ended with a sales decrease of 6.5% compared to the same season a year ago. Aeffe thinks this is a positive result, given the critical state of the global economy.
 
Predictably, all of Aeffe’s regional results have been negative: revenue in Italy, which accounts for 47.8% of the total, lost 21%, falling to €36.5 million, while the rest of Europe (whose share of the total is 27.2%) lost 10.7%. Russia, the UK and Germany were the top-performing countries. In Asia and the rest of the world, Aeffe generated a revenue of €15.4 million, equivalent to 20.3% of the total and to a 44.2% downturn. In Q1, revenue for the Greater China region lost 42%, but in the last few days there have been positive signs there in terms of sales, and store footfall is on the rise. Sales in America, which account for 4.7% of the total, recorded a decrease of 31.4%.

Distribution-wise, the wholesale channel, which accounts for 72.9% of Aeffe’s total revenue, lost 26.6%, while the direct retail channel (worth 23.5% of total revenue) lost 23.2%. The e-tail channel alone posted satisfactory results. Finally, royalty revenue fell by 16.1% compared to Q1 2019, and accounted for 3.6% of Aeffe’s consolidated revenue.

Copyright © 2022 FashionNetwork.com All rights reserved.