Italian luxurious items group has generated consolidated revenues of €61.7 million (~$66.8 million) within the first quarter (Q1) of 2025 ended March 31, a lower of 23.3 per cent year-over-year (YoY) at fixed trade charges and down 23.2 per cent at present trade charges.
Revenues for the pret-a-porter division reached €38.7 million, marking a decline of 30.1 per cent at fixed trade charges and 29.9 per cent at present trade charges in comparison with 2024. The revenues of the footwear and leather-based items division recorded a lower of 18.2 per cent each at fixed and present trade charges and amounted to €27.1 million.
Italian luxurious group Aeffe Spa reported consolidated revenues of €61.7 million (~$66.8 million) in Q1 2025, down 23.3 per cent YoY at fixed trade charges.
The pret-a-porter division fell 30.1 per cent, and footwear and leather-based items declined 18.2 per cent.
EBITDA turned destructive at €1.5 million, with a internet lack of €10.1 million.
Chairman stays optimistic, citing ongoing value rationalisation.
The consolidated EBITDA was destructive for €1.5 million in comparison with the optimistic EBITDA of €6.3 million in 2024. The web lack of the group equalled €10.1 million in comparison with a internet lack of €5.6 million in 2024.
In Q1 2025, revenues from the wholesale channel, which accounts for 70 per cent of complete turnover fell by 22.7 per cent YoY at fixed trade charges to €43.1 million. The retail channel, contributing 28.9 per cent of complete gross sales recorded a lower of 19.6 per cent YoY to €17.8 million.
In the meantime, royalty revenues declined sharply by 70.4 per cent to €0.7 million, representing simply 1.1 per cent of consolidated turnover. General, complete revenues dropped by 23.3 per cent at fixed trade charges to €61.7 million.
Gross sales in Italy, which accounted for 43 per cent of complete turnover, dropped by 24.7 per cent to €26.5 million. This included a 26 per cent fall in wholesale revenues and a 12 per cent decline in retail gross sales. Europe (excluding Italy) contributed 30 per cent of turnover, with revenues reducing by 21.1 per cent to €18.9 million.
In Asia and the Remainder of the World (ROW), revenues stood at €12.9 million, representing 21 per cent of complete turnover and reflecting a 24.3 per cent drop at fixed trade charges. Gross sales in America, accounting for five.3 per cent of turnover, declined by 19.2 per cent at fixed trade charges to €3.3 million. General, complete revenues fell by 23.3 per cent to €61.7 million in Q1 2025 from €80.2 million in Q1 2024.
“The general global slowdown in consumption had an impact on both the wholesale and retail channels, reflecting in our group’s results in the first quarter of the year. This situation, expected for the entire first part of the current year, has not caught us unprepared and we are continuing to implement processes to rationalize activities and all operating costs. We look with positivity and renewed confidence to a recovery of the retail market in the upcoming months, continuing to invest in the development of the Moschino, Alberta Ferretti and Pollini brands,” stated Massimo Ferretti, govt chairman of Aeffe Spa.
