Ferragamo sales grow in early 2021 after FY operating loss

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Earnings before interests and taxes (EBIT) recorded a 62 million euro loss compared with a 150 million euro profit in 2019 amid plummeting revenues and impairment charges Ferragamo booked on assets such as property and machineries.

Analysts on average had expected a 64 million euros EBIT loss for 2020, according to a Refinitiv consensus forecast.

($1 = 0.8412 euros)