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The Armani group closes 2022 with 16.5% more revenues

2023-05-25T16:39:54.525Z

Highlights: The Armani Group closed 2022 with net revenues of €2.35 billion, up 16.5% compared to the previous year. The trend of the first quarter of 2023 sees net revenues increase by 18%. In line with its medium-long term strategy, the Group has chosen to devote 22% more resources to communication initiatives and investments, in particular in the Group's digital and IT structure. The group achieved a pre-tax net profit of 218 million euros, an increase of 16.4 percent compared to 2021.


The Armani Group closed 2022 with net revenues of €2.35 billion, up 16.5% compared to the previous year and with an EBIT of €202.5 million, up 30% compared to 2021. (ANSA)


(ANSA) - MILAN, MAY 25 - The Armani Group closed 2022 with net revenues of €2.35 billion, up 16.5% compared to the previous year and with an EBIT of €202.5 million, up 30% compared to 2021.
Induced turnover exceeds 4.5 billion euros, while turnover at retail values is estimated at over 6.5 billion euros. The trend of the first quarter of 2023 sees net revenues increase by 18% compared to 2022.
In 2022 - reads a note from the group - all sales channels were growing compared to 2021, with a very balanced distribution that sees direct retail increasing by 17%, wholesale by 16%, e-commerce by 9%, with trends often higher than the reference markets, especially for the clothing category.
In line with its medium-long term strategy, the Group has chosen to devote 22% more resources to communication initiatives and investments, in particular in the Group's digital and IT structure, as well as in the restructuring and development of stores (+25% compared to 2021).
Despite this economic and financial commitment, in 2022 the group achieved a pre-tax net profit of 218 million euros, an increase of 16.4% compared to 2021 and 24.5% compared to the pre-pandemic levels recorded in 2019. (ANSA).


Source: ansa

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