Ferragamo's adjusted operating profit down 30% in 2025

Salvatore Ferragamo

11/03/2026 17:11

MILAN, March 11 (Reuters) - Italian luxury group Ferragamo SFER.MI reported on Wednesday an adjusted operating profit of 24.3 million euros ($28.1 million) for 2025, down 30% year-on-year.

* The adjusted figure doesn't include the effects of an impairment test.

* Including the impairment charge, Ferragamo posted a negative Ebit of 21.4 million euros last year, compared with an operating loss of 49 million euros in 2024.

* Ferragamo reported a 2% drop in revenues in the fourth quarter at constant currencies, hit by weak demand in Europe and the Middle East, and a poor performance of its wholesale channels.

($1 = 0.8645 euros)

 (Reporting by Elisa Anzolin, editing by Alvise Armellini)

 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))