Insight Report 2 minutes PremiumSalvatore Ferragamo (BIT:SFER) 1H16 Results: Revenue Miss and CEO Replacement Coresight Research August 2, 2016 Executive Summary Salvatore Ferragamo posted 1H16 revenues of €710 million, a decrease of 1.7% year over year and below the consensus estimate of €712 million. On a constant-currency basis, revenues decreased by 3.1%. 2Q16 revenues declined by 1.5% year over year and by 4.0% at constant exchange rates, to €389 million. 1H16 operating profit remained flat year over year, at €136 million, versus the consensus estimate of €137 million. The company did not report earnings per share. The company reported that CEO Michele Norsa will resign and will be replaced by EraldoPoletto, former CEO of Furla, effective August 3, 2016. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: China Consumer Tracker: Consumer Confidence FallsWeekly US and UK Store Openings and Closures Tracker 2023, Week 42: US Store Openings Surpass 5,000Web3 and the Supply Chain: Blockchain, Digital Twins and More—Insights Presented at Shoptalk Europe 2023Fashion Footprint: Real Estate Expansion and Store Downsizing in the US Apparel Retail Market
