Italy's Aeffe Group's revenue falls in 2024, expects growth in H2 2025

Revenues from the footwear and leather goods division totalled €106.2 million (~$111.1 million), before inter-division eliminations, reflecting a 25.3 per cent decline at both constant and current exchange rates compared to 2023. Meanwhile, revenues from the prêt-à-porter division reached €166.1 million (~$174.6 million), showing a 21.7 per cent decline at constant exchange rates and 21.8 per cent at current exchange rates, Aeffe said in a press release.

Revenues of the wholesale channel, which represents 63.8 per cent of turnover (€160.2 million), recorded a decrease of 25.1 per cent at constant exchange rates. Revenues of the retail channel were €82.7 million, 33.0 per cent of group sales, showed a decrease of 12.5 per cent at constant exchange rates compared to the previous year. Royalties’ incomes, which represent 3.2 per cent of consolidated turnover (€8.0 million), decreased by 19.4 per cent compared to 2023.

Region-wise, Italy, which contributed 42.4 per cent to total revenue, saw a 20.6 per cent YoY decline to €106.4 million. Europe (excluding Italy), accounting for 30.5 per cent of turnover, recorded a 22.4 per cent drop to €76.5 million, attributed to declines in both wholesale and retail segments across specific markets. In Asia and the rest of the world (RoW), revenues decreased by 20.8 per cent to €52.4 million, representing 20.9 per cent of total turnover. America, which contributed 6.2 per cent to the group’s turnover, experienced a 20.2 per cent decline at constant exchange rates.

“Year 2024, with all the difficulties registered in the international markets, did not catch us unprepared. The company has equipped itself with all the possible tools to face this phase: the repositioning of Moschino under the creative direction of Adrian Appiolaza and the choice to integrate the philosophy line within the Alberta Ferretti brand led by Lorenzo Serafini were the result of a strategic approach aimed at responding to the needs of the current fashion panorama,” said Ferretti.

ALCHEMPro News Desk (SG)