Salvatore Ferragamo Italia : 2015 01 29_Preliminary FY 2014 consolidated revenues

Press Release 4Q 2014 Preliminary

PRESSRELEASE

Salvatore Ferragamo S.p.A. FY 2014 Group Preliminary Consolidated Revenue Figures SalesGrowth Continues for the Salvatore Ferragamo Group 2014 Consolidated Revenuesat 1,332 million Euros, up by 5.9% at current exchange ratesand by 6.5%at constant exchange ratesvs. 2013

Florence, 29 January 2015 Salvatore Ferragamo S.p.A. (MTA: SFER), parent company of the Salvatore Ferragamo Group, one of the global leaders in the luxury sector, released the Group s Preliminary Consolidated Revenues1 for the fiscal year 2014, which amount to 1,332 million Euros up by 5.9 % at current exchange rates and by 6.5% at constant exchange rates vs. FY 2013.

The results confirm, once more, the strength of the Ferragamo brand and the validity of the product offer.

Preliminary Consolidated Revenue1 figures for FY 2014

As of 31 December 2014, the Salvatore Ferragamo Group has posted Total Revenues1 of 1,332 million Euros, a 5.9% increase at current exchange rates (+9.3% in 4Q 2014) over the 1,258 million Euros recorded in FY 2013. Revenue1 growth at constant exchange rates2 has been 6.5% (+7.7% in 4Q 2014).

Hereafter the variations in Revenues1 are calculated at constant exchange rates2, unless differently indicated.

Revenues1 by geographical area 3

The Asia Pacific area is confirmed as the Group's top market in terms of Revenues1, representing
37% of total in FY 2014, up by over 5% (+7% in 4Q 2014), despite the tensions registered in Hong Kong in the last part of the year. A major contribution was given by the retail channel in China, which in FY2014 recorded a 18% growth compared to the same period in 2013.

1 Preliminary/ Non-Audited Revenues drafted according to IAS/ IFRSInternational Accounting Principles.

2 Revenues at constant exchange rates are calculated by applying to the Revenues of the full-year 2013, not including the hedging effect , the average exchange rate of the full-year 2014.

3 The variations in Revenues are calculated at constant exchange rates, unless differently indicated.

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Europe posted an increase in Revenues4 of 9%, compared to the same period in 2013 (+14% in 4Q 2014), even if penalized by the ongoing geopolitical tensions, which negatively impacted the global tourist flows , and by the enduring difficult economic situation. North America registered an increase in Revenues4 of 5% in FY 2014 (+2% in 4Q 2014 that had a difficult comparison base, +11%in 4Q 2013).

The Japanese market showed an increase in Revenues4 of 4% in FY 2014 (+6% in 4Q 2014), registering a 4% decrease at current exchange rates, due to the deterioration of the Japanese currency.
Revenues4 in Central and South America showed solid results with an increase of 14% in FY 2014

(+17% in 4Q 2014).

Revenues4 by distribution channel 5

As of 31 December 2014, the Salvatore Ferragamo Group's Retail network could count on 373

Directly Operated Stores (DOS), while the Wholesale and Travel Retail channel included 270 Third Party Operated Stores (TPOS), as well as presence in major Department Stores and high-end multi-brand Specialty Stores.

In FY2014 the Retail distribution channel posted Consolidated Revenues4 up by about 5% (+6% in

4Q 2014) compared to the same period in 2013. The increase at constant exchange rates and perimeter (like-for-like) was ca. 2%and 4%, respectively in FY 2014 and in 4Q.

The Wholesale channel delivered in FY2014 a growth of 10%(+12%in 4Q 2014), mainly thanks to the strong performance of the Travel Retail channel.

Revenues4 by product category 5

Among the product categories, it is especially worth highlighting the increase of handbags and leather accessories (+13%) and of footwear (+5%), which together represent 78% of the Group total turnover. The performance of fragrances, thanks to the expected acceleration in 4Q 2014 (+23%), reached an increase of over 5% in FY 2014.
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4 Preliminary/ Non-Audited Revenues drafted according to IAS/ IFRSInternational Accounting Principles.

5 The variations in Revenues are calculated at constant exchange rates, unless differently indicated.

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The manager mandated to draft the corporate accounting documents, Ernesto Greco, pursuant to article 154-bis, paragraph 2, of Legislative Decree no. 58/ 1998 (Consolidated Financial Law), hereby declares that the information contained in this Press Release faithfully represents the content of documents, financial books and accounting records.

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Salvatore Ferragamo S.p.A.

Salvatore Ferragamo S.p.A. is the parent company of the Salvatore Ferragamo Group, one of the world's leaders in the luxury goods sector and whose origins date back to 1927. The Group is active in the creation, production and sale of shoes, leather goods, clothing, silk products and other accessories, as well as women's and men's perfumes.
The Group's product range also includes eyewear and watches, manufactured by licensees.
Attention to uniqueness and exclusivity, with a perfect blend of style, creativity and innovation enriched by the quality and craftsmanship of the 'Made in Italy' tradition, have always been the hallmarks of the Group's products.
With about 4,000 employees and a network of over 640 single-brand stores as of 31 December
2014, the Ferragamo Group operates in Italy and worldwide through companies that allow it to be a leader on European, American and Asian markets.
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For further information:

Salvatore Ferragamo S.p.A.

Paola Pecciarini

Group Investor Relations

Tel. [phone] investor.relat [e-mail]

Image Building

Giuliana Paoletti, Mara Baldessari, Alfredo Mele

Media Relations

Tel. [phone] [e-mail]

This Press Release is also available on the website ht t p:/ / group.ferragamo.com, in the section

Investor Relations/ Financial Press Releases .

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On the following pages a more detailed analysis of Revenues6 of the Salvatore Ferragamo Group as of 31 December 2014. Revenue6 by geographical area as of 31 December 2014

Euro/000 C onstant Rates

Pr e 2 0 1 4

% w e i g h t

o n t o t 2 0 1 4 2 0 1 3

% w e i g h t

o n t o t 2 0 1 3

2 0 1 4 v s

2 0 1 3 %

2 0 1 4 v s

2 0 1 3 %

Europe 354.832 26,6% 326.365 25,9% 8,7% 8,6% North America 304.809 22,9% 290.347 23,1% 5,0% 5,2% Japan 111.495 8,4% 116.103 9,2% -4,0% 3,8% Asia Pacific 495.991 37,2% 466.504 37,1% 6,3% 5,4% Latin America 64.670 4,9% 58.715 4,7% 10,1% 13,5%

T o t a l 1 . 3 3 1 . 7 9 7 1 0 0 , 0 % 1 . 2 5 8 . 0 3 4 1 0 0 , 0 % 5 , 9 % 6 , 5 %

Revenue6 by distribution channel as of 31 December 2014

Euro/000 C onstant Rates

Pr e 2 0 1 4

% w e i g h t

o n t o t 2 0 1 4 2 0 1 3

% w e i g h t

o n t o t 2 0 1 3

2 0 1 4 v s

2 0 1 3 %

2 0 1 4 v s

2 0 1 3 %

Retail 833.099 62,6% 802.821 63,8% 3,8% 4,7% Wholesale 478.425 35,9% 433.861 34,5% 10,3% 10,2% Licences 9.352 0,7% 10.694 0,9% -12,6% -12,6% Rental income 10.921 0,8% 10.658 0,8% 2,5% 2,5%

T o t a l 1 . 3 3 1 . 7 9 7 1 0 0 , 0 % 1 . 2 5 8 . 0 3 4 1 0 0 , 0 % 5 , 9 % 6 , 5 %

6 Preliminary/ Non-Audited Revenues drafted according to IAS/ IFRSInternational Accounting Principles.

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Revenue7 by product category as of 31 December 2014

Euro/000 C onstant Rates

Pr e 2 0 1 4

% w e i g h t

o n t o t 2 0 1 4 2 0 1 3

% w e i g h t

o n t o t 2 0 1 3

2 0 1 4 v s

2 0 1 3 %

2 0 1 4 v s

2 0 1 3 %

Shoes 568.408 42,7% 544.076 43,3% 4,5% 4,9% Leather goods & handbags 471.649 35,4% 418.710 33,3% 12,6% 13,2% RTW 97.233 7,3% 103.209 8,2% -5,8% -4,1% Silk & other accessories 90.064 6,8% 90.848 7,2% -0,9% 0,1% Fragrances 84.170 6,3% 79.839 6,3% 5,4% 5,4% Licences 9.352 0,7% 10.694 0,9% -12,6% -12,6% Rental income 10.921 0,8% 10.658 0,8% 2,5% 2,5%

T o t a l 1 . 3 3 1 . 7 9 7 1 0 0 , 0 % 1 . 2 5 8 . 0 3 4 1 0 0 , 0 % 5 , 9 % 6 , 5 %

7 Preliminary/ Non-Audited Revenues drafted according to IAS/ IFRSInternational Accounting Principles.

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