Salvatore Ferragamo SpA (SFER.MI)
Latest Key Developments (Source: Significant Developments)
Nov 14 (Reuters) - Salvatore Ferragamo Chief Executive Eraldo Poletto tells a post-results analyst call: :2018 is going to be "another year of hard work". Full Article
Oct 10 (Reuters) - Italian luxury group Salvatore Ferragamo says::will start publishing interim financial reports as at March 31 and September 30 each year, starting from November 14, 2017.wants to promote open and ongoing dialogue with financial community. Full Article
May 26 (Reuters) - Salvatore Ferragamo::Shares in the luxury goods maker fall more than 2 percent in early trade after brokers cut target price.Kepler Cheureux cut its target price on the stock to 27.50 euros from 29 euros, while Exane BNP Paribas cut it to 28 euros from 30 euros nFWN1IS00LnFWN1IR0QN.The group said on Thursday it was cautious over 2017 while confirming its medium-term targets.nI6N1ID014. Full Article
Italian luxury goods company Salvatore Ferragamo in a post-result analyst call on Tuesday: Outgoing CEO Michele Norsa says both revenue and EBITDA full-year consensus estimates are achievable if the sector shows improvement and net of any external extraordinary events . CEO says group will this year open 7-10 new directly-operated stores and 10-12 stores run by third parties . Chief financial officer Ernesto Greco says July retail sales positive, sees improvement in second half, especially in China and Korea . CFO says like-for-like sales growth in second quarter will be negative in a mid single digit range, the trend is towards better performance for rest of year . CFO says like-for-like sales growth in first three months is negative in the high single digits .CFO says gross profit margin of 67 percent posted in H1 remains a target for rest of year. Full Article
Salvatore Ferragamo CEO Michele Norsa tells analysts on a conference call: Like-for-like sales posted a decline in Q1 in mid to mid-high single digits, April showing improvement but hard to gauge H1 performance Further company coverage: [SFER.MI] (Reporting by Milan newsroom). Full Article
MILAN European shares dipped in early dealing on Friday, weighed down by disappointing trading updates from fashion brands H&M and Ferragamo and continued weakness among banking stocks.