Financial growth for Furla
The brand sees significant increases across key strategic territories.
By Rebecca Jackson
16 March 2017
The Furla Group closed 2016 with a growth in turnover and EBITDA. The company’s expected 2016 turnover is 422 million euros, a year-on-year increase of 24.5 per cent at current exchange rates and 22 per cent at constant exchange rates.
The brand showed considerable growth across all export territories, with its domestic market Italy accounting for 20 per cent of total turnover - an increase of 18 per cent on 2015. The EMEA region jumped by 23.5 per cent, nearly reaching 29 per cent of total turnover, while Japan, which saw an increase of 31.7 per cent, remains the company’s top market, accounting for 24 per cent of sales.
“We are particularly proud of the 2016 results. The investments of the shareholders, our constant efforts in research and product innovation, all the way to distribution, have allowed us to be a leader in the top international markets,” says Alberto Camerlengo, general manager of the Furla Group, Milan.
Furla’s expanded distribution strategy is set to continue throughout 2017. A key opening in Amsterdam is scheduled for the first half of the year, while in the second half the company intends to strengthen its presence in China, Australia, Germany and the UK.
The company is represented in 100 countries with the number of mono-brand stores totalling 444, compared to 415 in 2015. The company also maintains distribution in multi-brand boutiques and department stores in 1,200 international locations.
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