The Salvatore Ferragamo group closed the first 9 months of the year with consolidated revenues of 785 million euros, up 33.9% at current exchange rates (+ 35.3% at constant exchange rates) compared to 587 million euros. euros recorded in the first nine months of 2020. Revenues for the third quarter of 2021 recorded an increase of 17.1% at current exchange rates (+ 17.4% at constant exchange rates), compared to the same period of 2020.
Profitability is growing strongly. EBITDA went from 78 million euros in the first nine months of 2020 to 202 million euros, with a percentage incidence on revenues of 25.7% compared to 13.3% in the first nine months of 2020. Operating profit (EBIT ) was positive for 84 million euros, compared to the negative 69 million euros (-60 million euros net of the effect of the impairment tests) recorded in the first nine months of 2020.
Net profit for the period, including minority interests, was € 40 million, compared to the negative € 96 million recorded in the first nine months of 2020. Group net profit was € 38 million , compared to the negative 96 million euros of the first nine months of 2020.