Salvatore Ferragamo Reports Full Year 2023 Earnings

Salvatore Ferragamo (BIT:SFER) Full Year 2023 Results

Key Financial Results

• Revenue: €1.16b (down 7.6% from FY 2022).
• Net income: €26.1m (down 63% from FY 2022).
• Profit margin: 2.3% (down from 5.6% in FY 2022). The decrease in margin was driven by lower revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Salvatore Ferragamo Earnings Insights

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Luxury industry in Italy.

Performance of the Italian Luxury industry.

The company's shares are down 5.8% from a week ago.

Valuation

Following the latest earnings results, Salvatore Ferragamo may be overvalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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