Salvatore Ferragamo S.p.A. The Board of Directors approves the draft Company Statutory Financial Statements and the Consolidated Financial Statements for the Year 2020

Salvatore Ferragamo Group Full Year Revenue -33.5% vs. Full Year 2019, Operating Profit 
(EBIT) adjusted6 -27 million Euros, Net Profit -72 million Euros and Positive Net Financial 
Position adjusted5 of 139 million Euros

Fourth Quarter Revenue -20.4% vs. Fourth Quarter 2019, with gradual improvement of the 
Retail channel, Operating Profit (EBIT) adjusted6 positive for 34 million Euros

The first nine weeks of 2021 show a positive performance of the Retail channel and a solid
growth in China, Korea and +85.6% in the digital channel 

• Revenues: 916 million Euros (-33.5% vs. 1,377 million Euros at 31 December 2019, -33.4% at constant exchange rates2)

• Gross Operating Profit (EBITDA1): 159 million Euros (-52.6% vs. 336 million Euros at 31 December 2019)

• Operating Profit (EBIT): -62 million Euros, -27 million Euros adjusted6 excluding the negative effect of the Impairment Test (vs. +150 million Euros at 31 December 2019)

• Net Profit: -72 million Euros (vs. +87 million Euros at 31 December 2019)

• Net Financial Position adjusted5 (net of IFRS16 effect): positive for 139 million Euros (vs. 172 million Euros positive at 31 December 2019)

Further information in the press release to download