Salvatore Ferragamo posts sharp decline in turnover and profit

As of June 30, 2020, the Salvatore Ferragamo Group reported revenues of 377 million euros down 46.6 percent at current exchange and 46.9 percent at constant exchange rate. Revenues in the second quarter registered a 60.1 percent decrease at current exchange and 59.4 percent at constant exchange rates. The company said in a statement that the drop in revenues has been determined by the rapid diffusion of the pandemic caused by Covid-19.