Sunday, 8 March 2015

Valentino Earnings, Revenue Rise

MILAN — Valentino’s growth shows no signs of slowing as the fashion house logged a 57 percent increase in earnings before interest, taxes, depreciation and amortization last year and a 36 percent gain in revenues — and this year, which will be marked by a couture show in the Italian capital in July, looks equally promising. “If the market holds, in light of Valentino’s customer appeal and increased loyalty to the brand, we can expect another year of relevant growth rate,” said chief executive officer Stefano Sassi in an interview at the company’s offices here, ahead of the brand’s ready-to-wear show in Paris on Tuesday. “We have attracted new and different customers, but our base is increasingly more solid and we are growing in all categories around the world. There are all the ingredients for a good 2015.” In 2014, EBITDA rose to 102 million euros, or $135.6 million, equal to 15.3 percent of sales. This compares with 65 million euros, or $85.8 million, in 2013. Last year, revenues climbed to 664 million euros, or $883.1 million, from 488 million euros, or $644.1 million, in 2013. Operating profit rose to 50 million euros, or $66.5 million, compared with 36 million euros, or $47.5

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