Last Year, Ferragamo'S Total Sales Revenue Was 1 Billion 430 Million Euros.

Italy luxury shoe manufacturer Salvatore Ferragamo SpA recently announced its 2015 annual report (up to December 31st 2015), though sales growth was slower than sales, but profits were better than expected.

Despite the unfavorable environment of the industry, the company predicts that this year's performance will be positive.

After the news, the company's share price rose 3.7% in the early morning trading of the Milan stock exchange.

Published results show that in fiscal year 2015:

The total sales revenue was 1 billion 430 million euros, an increase of 7.4% over the current exchange rate, with a 9% increase in the fourth quarter.

The profit before interest tax depreciation amortization (EBITDA) was 324 million euros, up 11% from the same period last year, higher than the 313 million 300 thousand euro which analysts had forecast before.

Pre tax profit (EBIT) was 265 million euros, an increase of 8% over the same period last year.

Operating net cash grew by 197 million euros, up 39% over the same period last year.

The share price of common shares was 0.46 euros, up 10% over the same period last year.

Net profit of 174 million euros, an increase of 7% over the same period last year.

Gross profit 948 million euros, an increase of 12% over the same period last year.

Operating costs of 683 million euros, according to the current exchange rate increased by 13% over the same period

Asia Pacific region as number one

Sales accounted for 36% of total sales, an increase of 4% over the same period, and an increase of more than 8% in the fourth quarter.

Hongkong's performance is poor, and China's retail channel sales grew by 10% over the same period last year.

Sales in the European market increased by 7% over the same period.

Despite the terrorist attacks in Paris last November

Consumption has an impact, and the fourth quarter is still growing by 9%.

In the North American market, the US dollar was strong, the number of tourists to the United States declined, sales increased 9% year-on-year, and the fourth quarter grew by 8%.

The Japanese market, which benefited from China's tourism boom in Japan, grew by 14% year-on-year, with an increase of 18% in the fourth quarter.

Sales in central and South America, represented by Mexico, grew by 12% year-on-year, and 4% in the fourth quarter.