Salvatore Ferragamo

Converted from EUR at this period's average rate. The change is as the company reported it, in EUR.

Japan▼ −13.0%Reported (actual-FX); at constant currency Japan was -1.0% for the half, +2.8% in Q2 alone.

Salvatore Ferragamo turned a corner in the six months to June 2026: revenue eased 1.3% to €468m as reported (+1.9% at constant exchange rates), but the Florence house swung to a positive €20.9m operating profit (EBIT) — from an adjusted €3m loss a year earlier — and a thin €1.5m net profit, its first profitable half since the turnaround began. Its own stores (DTC) grew 6.1% at constant currency across every region except Japan, while a disciplined pullback in wholesale (-11.2%) weighed on the top line. Japan sales fell 13.0% as reported for the half (-1.0% at constant currency, largely a weak-yen translation effect), though the quarter alone improved to +2.8% at constant currency as local DTC picked up.

Converted from EUR at this period's average rate. The change is as the company reported it, in EUR.

The Florentine house is deep in turnaround: 2025 revenue was €1.0bn, down about 4% at constant currency, and it barely broke even (a small adjusted net loss). Japan has been among the weak spots — first-quarter 2026 sales there fell about 4% at constant currency, hit, the company said, by fewer Chinese tourists.