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WWD

Salvatore Ferragamo returns to profit in 1H 2026 with 1.5 million euros net income

AI Market Summary
Salvatore Ferragamo reported a return to profitability in 1H26, with EBIT materially above expectations driven by disciplined cost reductions, despite slightly lower reported revenues and ongoing weakness in Europe and parts of Asia. Stronger North America and improved direct-to-consumer performance helped offset wholesale declines. The results signal margin resilience within luxury amid mixed demand, but the macro read-through is limited given company-specific execution factors.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.13%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Salvatore Ferragamo reported a net profit of 1.5 million euros for the first half of 2026, reversing an adjusted net loss of 16 million euros a year earlier. Adjusted operating profit rose to 20.9 million euros, compared with an adjusted operating loss of 2.9 million euros in the first half of 2025. First-half revenue slipped 1.3% to 467.8 million euros, while second-quarter revenue increased 2.4% year on year to 259 million euros, or 4.6% at constant exchange rates. The results point to a marked recovery in profitability despite a mixed demand backdrop across regions.
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