Margins are also growing, with EBITDA at €26.6 million (up 9%), and profits, with a net profit of €11.8 million (up 4.3%). Revenues from the prêt-à-porter division amounted to €77.9 million, an increase of 8% at current exchange rates, while footwear and leather goods increased by 4% to € 33.3 million. However, sales for the Fall/ Winter 2019-20 season fell by 4% compared to the previous winter season.
Geographically, Italy, which accounts for 45.1% of total turnover, closed the quarter with growth of 1.8%, up to €46.1 million. Europe fell slightly behind (at 22.7% of the total), down by 1.4%, while America(5% of the total) grew by 2.9%. Good performances were seen in Asia and the Rest of the World region (27.2% of the total), up 29.3%, thanks mostly to high demand in Greater China, which grew by 20.1%.
With regard to distribution, the wholesale channel, which represents 74% of total turnover and is therefore the largest sales channel, grew by 6.4% at current exchange rates; retail also performed well, with an increase of 8.1% at current exchange rates to account for 22.8% of total group turnover. Revenues for royalties increased by 29.3% compared to the first quarter of 2018 and represented 3.2% of consolidated turnover.
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