sales are growing in Europe and in America – Corriere.it

The positive trend of the fashion industry accounts continues. It is the Armani group’s turn to communicate the accounts for the closing of the fiscal year and the first quarter of 2023. The luxury company archives 2022 with revenues of 2.35 billion euros, an increase of 16.5% compared to 2021, which is accompanied by an operating profitability that reaches 289 million euros at Ebitda level, up by 25% compared to 2021, and 202.5 million euros at Ebit level, up by 30% compared to 2021. The positive trend is also confirmed in the first three months of the year with net revenues up by 18%.% with growth balanced between the various channels and the increase in operating profitability.

«In an increasingly difficult and competitive context, I am proud to have managed to maintain my independence and the stability of the group, thanks also to the work and commitment of my collaborators and employees» commented the results Giorgio Armani, chairman and managing director of the groupwhich last May 11 received an honorary degree from the Catholic University «for the international dimension of the brand, for the holistic approach to sustainability, for the tireless search for improvement and for the awareness of the centrality of the company in the creation of shared value”.

At a geographical level, also thanks to the easing of health restrictions following the resumption of travel abroad, in 2022 the group achieved “very positive performance in terms of revenue increase in Europe and America, respectively equal to +24% and +19%, 5% compared to 2021» reads a note. A decrease of 6.3% was instead recorded in Asia, due to the lockdown extended and to the limited mobility and restrictions especially in China which only came to an end in the first months of 2023.

The Armani group is in line with the medium-long term strategy increase your investments in communication initiatives (+22% compared to 2021) and in the digital and IT structure of the group, as well as in the restructuring and development of stores (+25% compared to 2021). A further commitment that has not compromised the group’s accounts which, on the contrary, recorded a pre-tax net profit of 218 million euros in 2022, an increase of 16.4% compared to 2021 and 24.5% compared to pre-tax levels. -pandemic recorded in 2019.

«The medium-long term strategic path that I have chosen to undertake continues to prove effective and the results prove it – underlines Armani -. The 2022 ended with further growth that continues in the first quarter of 2023, confirming the solidity of the group. I am firmly convinced that operating in a perspective of continuity, following a concrete and coherent approach, focused on the values ​​that have always been the basis of my creative and managerial philosophy, is the only way to face the challenges and unexpected events that characterize the current scenario”.