Ferragamo is among the strongest of luxury and it shows in stock

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(Free-Press-Release.com) August 31, 2011 -- Revenues in the first half totaled 459.7 million euros (+29.8% over the previous year). EBITDA in the first half of the year stood at 83.8 million euros, which portends a second-quarter EBITDA of 55.3 million euros (+68% yoy).

All the countries in which the company has performed well in the first half, with the exception of Japan. Asia has achieved the highest growth in sales. In terms of performance by category, Salvatore Ferragamo Shoes were the "best performers" in the first half, but also has accelerated the growth in leather goods (+31% in the first half against 21.7% in the first quarter).

According to JP Morgan, this trend was not unexpected given the recent performance of the luxury sector in general, however, is a good goal, especially in the current economic context. "The good progress in margins will be well received, although we are awaiting clarification from the conference call this afternoon in relation to sales on a comparable basis", said experts from JP Morgan.

Ferragamo performative very well after the IPO (+30%) and is currently trading at a premium of 20% compared to the sector. Therefore, analysts at JP Morgan reiterated its rating on the neutral title, as its greatest potential is already reflected in the premium that is.

Intermonte also confirmed the opinion of neutral Ferragamo, with a target price to 9 euros, because the net profit in the second quarter grew by only 16% to 24 million, because of higher taxes and minority interest. The net financial position was eventually amounted to 72 million euros, up 24 million from closing the first quarter. Today at Piazza Affari Ferragamo earn 5% to 12.28 euros.

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