Salvatore Ferragamo — Earnings Release 2015

Jan 28, 2016

Informazione Regolamentata n. 1220-2-2016		Data/Ora Ricezione 28 Gennaio 2016 17:35:00	MTA
Societa'	:	SALVATORE FERRAGAMO
Identificativo Informazione Regolamentata	:	68670
Nome utilizzatore	:	FERRAGAMON02 - Mentil
Tipologia	:	IRAG 10
Data/Ora Ricezione	:	28 Gennaio 2016 17:35:00
Data/Ora Inizio Diffusione presunta	:	28 Gennaio 2016 17:50:00
Oggetto	:	Press Release
Testo del comunicato

Vedi allegato.

PRESSRELEASE

Salvatore FerragamoS.p.A.

FY2015 GroupPreliminary Consolidated Revenue Figures

SalesGrowth Continuesfor the Salvatore FerragamoGroup: 2015 Consolidated Revenuesat 1,430 millionEuros, upby 7.4%vs. 2014

Florence, 28 January 2016 Salvatore Ferragamo S.p.A. (MTA: SFER), parent company of the Salvatore Ferragamo Group, one of the global leaders in the luxury sector, released the Group s Preliminary Consolidated Revenues 1 for the Fiscal Year 2015, which amount to 1,430 million Euros up by 7.4% at current exchange rates (including the hedging effect) and by 1.3% at constant exchange ratesvs. FY2014.

Preliminary Consolidated Revenue 1 figuresfor FY2015

As of 31 December 2015, the Salvatore Ferragamo Group reported Total Revenues ¹ of 1,430 million Euros (including the negative hedging effect of 51 million Euros), up by 7.4%at current exchange rates (+9.0% in 4Q 2015) over the 1,332 million Euros recorded in FY2014. Revenue 1 growth at constant exchange rates 2 hasbeen 1.3%(+2.1%in 4Q2015).

Revenues ¹ bygeographical area 3

The Asia Pacificarea is confirmed as the Group's top market in terms of Revenues1 , representing 36% of total in FY 2015, up by 4%. In 4Q 2015 the growth was over 8%, despite the hard comparison base (+11%in 4Q2014) and the deterioration of the business in HongKong. The retail channel in China in FY2015 recorded a 10% growth compared to the same period in 2014, and +10% in 4Q 2015 (+1% at constant exchange rates). The trend showed an improvement vs. 3Q 2015 (-3%reported and -7%at constant exchange rates), despite Revenues1 already up by 23%at constant exchange ratesin 4Q2014.

¹ Preliminary/Non-Audited Revenuesdrafted according to IAS/IFRSInternational AccountingPrinciples.

² Revenues at constant exchange rates are calculated by applying to the Revenues of the full-year 2014, not including the hedging effect , the average exchange rate of the full-year 2015.

³ The variations in Revenues are calculated at current exchange rates (including the hedging effect ), unless differently indicated.

Europe posted an increase in Revenues4 of 7%in FY2015. In 4Q2015, despite the dramatic events occurred, the growth was9%(+14%in 4Q2014).

North America, penalized by the strong currency and the decrease of touristic flows, registered an increase in Revenues4 of 9%in FY2015 (-2%at constant exchange rates) and 8%in 4Q 2015 (-3% at constant exchange rates).

The Japanese market showed an increase in Revenues4 of 14%in FY2015 (+18%in 4Q2015), also thanks to the significant travel flow from China. At constant exchange rates the growth was15%in FY2015 and 13%in 4Q2015.

Revenues4 in Central and South America showed solid results with an increase of 12%in FY2015 (+4%in 4Q2015). At constant exchange ratesthe growth was8%in FY2015 and 3%in 4Q2015.

Revenues ⁴ bydistribution channel ⁵

As of 31 December 2015, the Salvatore Ferragamo Group's Retail network could count on 391 Directly Operated Stores (DOS), while the Wholesale and Travel Retail channel included 271 ThirdParty OperatedStores(TPOS), aswell aspresence in major Department Storesand high-end multi-brand Specialty Stores.

In FY2015 the Retail distribution channel posted Consolidated Revenues4 up by 7% (+7% in 4Q 2015) compared to the same period in 2014. At constant exchange rates the growth was 1%both in FY2015 and 4Q 2015, with a performance at constant exchange ratesand perimeter (like-forlike) of -3%(-4%in 4Q2015).

The Wholesale channel delivered in FY2015 a growth of over 7%(+12%in 4Q 2015), also thanks to the good performance of the Travel Retail channel.

Revenues ⁴ byproduct category 5

Among the product categories it is especially worth underlining the increase of handbags and leather accessories, that posted a growth of 12%in FY2015 and 14%in 4Q 2015. In 4Q 2015 also fragrancesand licensesregistered a solid performance (+18%and+44%respectively).

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⁴ Preliminary/Non-Audited Revenuesdrafted according to IAS/IFRSInternational AccountingPrinciples.

⁵ The variations in Revenues are calculated at current exchange rates (including the hedging effect ), unless differently indicated.

The manager mandated to draft the corporate accounting documents, Marco Fortini, pursuant to article 154-bis, paragraph 2, of Legislative Decree no. 58/1998 (Consolidated Financial Law), hereby declares that the information contained in this Press Release faithfully represents the content of documents, financial booksand accounting records.

Salvatore FerragamoS.p.A.

Salvatore Ferragamo S.p.A. is the parent Company of the Salvatore Ferragamo Group, one of the world'sleaders in the luxury industry and whose originsdate back to 1927.

The Group is active in the creation, production and sale of shoes, leather goods, apparel, silk products and other accessories, along with women's and men's fragrances. The Group's product offer also includeseyewear and watches, manufactured by licensees.

The uniqueness and exclusivity of our creations, along with the perfect blend of style, creativity and innovation enriched by the quality and superior craftsmanship of the 'Made in Italy' tradition, have alwaysbeen the hallmarksof the Group'sproducts.

With approximately 4,000 employees and a network over 660 mono-brand stores as of 31 December 2015, the Ferragamo Group operates in Italy and worldwide through companies that allow it to be a leader in the European, American and Asian markets.

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For further information:

Salvatore FerragamoS.p.A.

Tel. (+39) 055 3562230 investor.relations@ferragamo.com

Image Building

PaolaPecciarini Group Investor Relations GiulianaPaoletti, Mara Baldessari, Alfredo Mele Media Relations

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Tel. (+39) 02 89011300 ferragamo@imagebuilding.it

ThisPressRelease isalso available on the website http://group.ferragamo.com, in the section Investor Relations/Financial PressReleases .

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On the followingpagesa more detailed analysisof Revenues6 of the Salvatore FerragamoGroup asof 31 December 2015.

Revenue ⁶ bygeographical area asof 31 December 2015

		% we ight		% we ight	2 0 1 5 v s	Constant Rates 2 0 1 5 v s
	Pr e 2 0 1 5	on tot 2 0 1 5	2 0 1 4	on tot 2 0 1 4	2 0 1 4 %	2 0 1 4 %
Eur o/ 0 0 0
Europe	380.649	26,6%	354.816	26,6%	7,3%	6,0%
North America	333.765	23,3%	304.828	22,9%	9,5%	-1,6%
Japan	127.281	8,9%	111.495	8,4%	14,2%	15,0%
Asia Pacific	515.950	36,1%	496.013	37,2%	4,0%	-3,3%
Latin America	72.413	5,1%	64.670	4,9%	12,0%	8,5%
Tota l	1 .4 3 0 .0 5 8	1 0 0 ,0 %	1 .3 3 1 .8 2 2	1 0 0 ,0 %	7 ,4 %	1 ,3 %

Revenue ⁶ bydistribution channel asof 31 December 2015

					Constant Rates
	%	we ight	% we	ight 2 0 1 5 v s	2 0 1 5 v s
	Pr e 2 0 1 5 on tot	2 0 1 5 2	0 1 4 on tot	2 0 1 4 2 0 1 4 %	2 0 1 4 %
Eur o/ 0 0 0
Retail	892.054	62,4%	833.101 62,6%	7,1%	1,2%
Wholesale	513.588	35,9%	478.425 35,9%	7,3%	1,3%
Licences	11.540	0,8%	9.375 0,7%	23,1%	23,1%
Rental income	12.876	0,9%	10.921 0,8%	17,9%	-1,5%
Tota l	1 .4 3 0 .0 5 8 1 0	0 ,0 % 1 .3	3 1 .8 2 2 1 0 0	,0 % 7 ,4 %	1 ,3 %

⁶ Preliminary/Non-Audited Revenuesdrafted according to IAS/IFRSInternational AccountingPrinciples.

Revenue ⁷ byproduct category asof 31 December 2015

						Constant Rates
		% we ight		% we ight	2 0 1 5 v s	2 0 1 5 v s
	Pr e 2 0 1 5	on tot 2 0 1 5	2 0 1 4	on tot 2 0 1 4	2 0 1 4 %	2 0 1 4 %
Eur o/ 0 0 0
Shoes	600.843	42,0%	568.412	42,7%	5,7%	-0,9%
Leather goods & handbags	528.846	37,0%	471.650	35,4%	12,1%	6,4%
RTW	92.894	6,5%	97.231	7,3%	-4,5%	-8,5%
Silk & other accessories	95.396	6,7%	90.063	6,8%	5,9%	1,2%
Fragrances	87.664	6,1%	84.170	6,3%	4,2%	-1,8%
Licences	11.540	0,8%	9.375	0,7%	23,1%	23,1%
Rental income	12.876	0,9%	10.921	0,8%	17,9%	-1,5%
Tota l	1 .4 3 0 .0 5 8	1 0 0 ,0 %	1 .3 3 1 .8 2 2	1 0 0 ,0 %	7 ,4 %	1 ,3 %

⁷ Preliminary/Non-Audited Revenuesdrafted according to IAS/IFRSInternational AccountingPrinciples.