Ferragamo profit falls 25 percent for nine month period

As of 30 September 2017, the Salvatore Ferragamo Group posted total revenue of 1,005 million euros (1,884 million dollars), a 0.9 percent decrease against 9M 2016. The company said revenue growth at constant exchange rates was 0.2 percent. In the third quarter, total revenue amounted to 287 million euros (338 million dollars), down 5.5 percent, due to the negative impact of currencies, while sales rose 0.5 percent at constant exchange rates.