Excellent results for Armani in 2012

Nicole Mezzasalma


The fashion group recorded double-digit growth in travel-retail and duty-free last year

The Armani Group has announced “a very positive financial performance for the third consecutive year” in 2012. Turnover including licensed products at retail value reached a record €7.4bn ($9.5bn) compared with the previous corresponding period, while consolidated revenue grew 16% to €2.09bn ($2.7bn).

The company said growth was evident in all of the brand’s lines, particularly Giorgio Armani and Emporio Armani. Revenue in the directly-managed retail channel was up by 19% and double-digit growth was recorded in all territories including Europe. In China, revenue rose by 39% in 2012 against the previous year. Operating margin (EBIT) was up by 20% to €339m ($434.5m).

The travel-retail and duty-free channel also recorded an excellent performance, with a strong double-digit year-on-year increase in revenue and “significant growth worldwide”, according to the company.

Group chairman Giorgio Armani said: “The excellent results achieved in 2012 confirm the quality of leadership that we have here at Armani. They are the result of a strategy focused on the constant search for quality, an approach that over the years has built an extraordinary level of brand awareness and loyalty. We have also continued to enjoy a strong relationship with our wholesale partners.

“The positive figures for the group in the first quarter of 2013 give us cause to look ahead with confidence, and help confirm that our commitment to consistency, continuity, and long-term strategy is the right path to follow,” he concluded.

Bookmark This Article

Delicious    Digg    StumbleUpon    Facebook

Your Comments On This Article

- Not displayed on website
Please note:
Only alpha-numeric characters allowed for comments
Security Image:
Please enter image text in the security code field
Security Code:

Related Stories

Articles bearing the symbol  require subscription.

(14-May-2012) - Asia-Pacific airports recorded double-digit growth in passenger traffic in March 2012
(18-Apr-2012) - LVMH’s Selective Retailing division, which includes duty-free operator DFS Group, recorded organic revenue growth of 18% in the first quarter of 2012
(21-Nov-2012) - Dubai Duty Free (DDF) has announced it is expecting double-digit sales growth for the year after recorded sales to the end of October 2012 reached $1.29bn
(1-Aug-2005) - INTERNATIONAL. LVMH Moët Hennessy-Louis Vuitton recorded a 10% increase in sales in the first six months of 2005, with sales at its Selective Retailing division—including DFS Group and beauty chain Sephora—increasing by 12%
(31-Jul-2012) - Revenue up by 9% at constant exchange rates as duty-free sales mirror group’s performance