Italian fashion group Aeffe has experienced a setback in 2022, as it returned to losses despite a recovery in turnover. The company, known for its ownership of prestigious brands such as Moschino and Alberta Ferretti, had managed to turn a profit in 2021 after the devastating impact of the pandemic. However, its financial performance has once again slipped into negative territory, reporting a loss of €9 million compared to the previous year’s €12 million profit.

In addition, Aeffe’s operating profit (Ebit) also took a hit, dropping from €9.2 million in 2021 to a mere €1.2 million in 2022. Despite facing these losses, the fashion group’s turnover saw an encouraging increase of 8.4%, reaching €352 million and returning to pre-pandemic levels. This growth was achieved despite challenges in the Chinese market, which had a negative impact on sales volumes and projected margins in the latter part of the year.

Aeffe’s gross operating profit (Ebitda) remained relatively stable, experiencing a slight increase to €35.6 million in 2022 from the previous year’s €35.3 million. However, the company’s debt saw a rise, reaching €127 million by the end of 2022.

Over the past two years, Aeffe has strategically invested a total of €90 million, which included acquiring the remaining 30% of Moschino’s capital and taking control of the direct distribution of its flagship brand in China. Despite the recent losses, Aeffe’s executive chairman, Massimo Ferretti, maintains optimism regarding the company’s future. He believes that these investments will ultimately lead to increased revenues and profitability.

Aeffe continues to focus on the development and optimization of its own brands, emphasizing both commercial expansion and improvements in organizational structure.

Useful links:
Official Aeffe website
Official Moschino website