Insight ReportSalvatore 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: AI Insights: Instacart CEO Fidji Simo To Join OpenAI as CEO of ApplicationsGrocery Retailing—US Real Estate Insights: Value and Specialty Grocers Lead Store Expansion as Traditional Retailers Lag BehindShoptalk Fall 2025 Day Three: From Constraints to Catalysts—Technology Driving the Next Era of RetailWeekly UK Store Openings and Closures Tracker 2025, Week 48: M&S To Open Up to 500 New Food Stores
