MILAN — The efficiency of Aeffe SpA within the first half dragged down the group’s shares on the Milan Inventory Alternate by 5.3 p.c to 0.68 euros by early afternoon on Thursday.
The Italian mother or father of Moschino, Alberta Ferretti, Philosophy di Lorenzo Serafini and Pollini reported it continues to function at a loss and registered shrinking revenues and profitability within the first half of the yr.
As of June 30, consolidated revenues fell 14.9 p.c to 138.6 million euros, in contrast with 162.9 million euros in the identical interval final yr.
Revenues of the ready-to-wear division amounted to 94 million euros, down 12.5 p.c, whereas gross sales of the footwear and leather-based items division totaled 56.5 million euros, falling 25 p.c.
Web loss widened to twenty.4 million euros in contrast with 11.7 million euros within the first half final yr.
“The unsatisfactory outcomes of the primary half of the yr are the reflection of an especially advanced market scenario. The slowdown in consumption in key international locations for us, akin to Italy and america, has considerably impacted our group efficiency,” mentioned Massimo Ferretti, government chairman of Aeffe. “Conscious of the complexity of the second we’re experiencing, we’re equipping ourselves to face the advanced scenario and we’re assured that we are going to see a restoration of client curiosity in style items within the quick time period. We’re glad with the brand new stylistic course of the Moschino model, which can permit us to reposition the model with a brand new worldwide attraction.”
Moschino unveiled the model’s first menswear assortment and the ladies’s resort line designed by artistic director Adrian Appiolaza in June. The designer joined Moschino on the finish of January, following the sudden demise final November of Davide Renne, who had succeeded Jeremy Scott’s decade-long tenure.
Within the first half, earnings earlier than curiosity, taxes, depreciation and amortization amounted to 400,000 euros, in contrast with 8.5 million euros final yr.
Alberta Ferretti resort 2025
Courtesy of Alberta Ferretti
Gross sales in Italy decreased 15.5 p.c to 57.6 million euros, representing 41.6 p.c of the overall, harm by the wholesale channel, which contracted 21 p.c, whereas the retail channel was down 7 p.c in comparison with the primary semester of 2023.
Revenues in Europe fell 16.2 p.c to 42.1 million euros, accounting for 30.4 p.c of the overall, dented by each distribution channels.
In Asia and the Remainder of the World space, Aeffe gross sales had been down 8.7 p.c to 31.4 million euros, representing 22.6 p.c of the overall.
Gross sales in America dropped 25.6 p.c to 7.5 million euros.
Wholesale revenues, which represented 66.2 p.c of gross sales, fell 17.1 p.c to 91.7 million euros.
Retail gross sales had been down 10.8 p.c to 42 million euros. Royalties decreased 6.2 p.c to five million euros.
The working loss amounted to fifteen.8 million euros in comparison with an working lack of 7.9 million euros final yr.
Capital expenditure investments within the interval amounted to 1.8 million euros, primarily pertaining to work on third occasion belongings and purchases of software program.
Web of the IFRS 16 impact, debt amounted to 135.2 million euros, in contrast with 152.5 million euros on the finish of December.
