Il Armani Group reached an important milestone for its turnover, anticipating it by a year compared to the initial forecasts: after a sharp decline in performance due to the pandemic, the Italian brand was able to shake up and experienced a real growth which is continuing into the first half of 2022 as well.
In fact, 2021 closed with an induced turnover equal to over 4 billion (+ 23,7% compared to 2020) and with consolidated net revenues of over 2 billion, up by + 26,3 % (- 6,3% compared to 2019, but already higher than 2019 in the second half of the year).
The net revenues from single-brand sales points under the direct management of the group, which overall reached the 50% of total consolidated net revenues: a clear sign that the selective policy chosen by Armani is proving particularly effective, also indicated by new rates of profitability (a positive EBIT of 171,2 million compared to a negative of 29,5 million in 2020).
"The remarkable growth achieved in 2021, confirmed by the positive trend of the first half of this year, makes me cautiously optimistic", he underlined Giorgio Armani, president and CEO of the group. “I am also increasingly determined to continue my medium-long term strategic path, following the principles that have always been the basis of my creative and business philosophy, and applying them to all aspects of our strategy. A solid and consistent approach which has proved valid also and above all in recent years, so complicated for our personal and professional lives. My group has proven to be healthy, from an equity and financial point of view, and this allows us relative peace of mind, even in the face of any further worsening of the international scenario ”.
