Annual Report 2022
Salvatore Ferragamo Group
Annual Report as
at 31 December 2022
Salvatore Ferragamo S.p.A.
Florence
General information
Registered office Salvatore Ferragamo S.p.A. Via Tornabuoni, 2 - 50123 Florence
Legal information Authorized, subscribed and paid-up share capital 16,879,000 Euro
Tax code and Florence Company Register no.: 02175200480
Registered with the Florence Chamber of Commerce under REA (Economic and Administrative Register) no. 464724
Corporate website https://group.ferragamo.com/en/
Board of Directors' report | Consolidated Non-Financial Statement | Consolidated Financial Statements | Separate Financial Statements |
Contents
Letter from the Chair | 4 | |
Letter from the Managing Director and General Manager | 6 | |
Board of Directors' report on operations as at 31 December 2022 | 10 | |
Corporate boards | 14 | |
Group structure | 16 | |
Composition of the Salvatore Ferragamo Group | 17 | |
Main Stock Market indicators - Salvatore Ferragamo S.p.A. | 18 | |
1. | The Group's main income and financial results for the year 2022 | 20 |
2. | Introduction | 22 |
3. | The Salvatore Ferragamo Group's activities | 23 |
4. | The Group's operating performance | 31 |
5. | Operating performance of the Parent company Salvatore Ferragamo S.p.A. | 53 |
6. | Reconciliation between the Parent company's net profit/(loss) | |
for the period and shareholders' equity and the consolidated values of the Group | 61 | |
7. | Results of Group companies | 62 |
8. | Significant events occurred during the year | 63 |
9. | Information on corporate governance and ownership structure | 70 |
10. | Other information | 77 |
11. | Research and development | 80 |
12. | Transactions with related parties | 80 |
13. | Main risks and uncertainties | 81 |
14. | Significant events occurred after 31 December 2022 | 88 |
15. | Macroeconomic situation and outlook | 88 |
16. | Separate Financial Statements as at 31 December 2022 of Salvatore Ferragamo S.p.A. - Proposal for approval | 89 |
17. | Consolidated Non-Financial Statement pursuant to Italian Legislative Decree 254/2016 | 90 |
2Salvatore Ferragamo - Annual Report as at 31 December 2022
Consolidated Financial Statements as at 31 December 2022 | 210 |
Financial Statements | 214 |
Consolidated Statement of Financial Position - Assets | 214 |
Consolidated Statement of Financial Position - Liabilities and Shareholders' Equity | 215 |
Consolidated Income Statement | 216 |
Consolidated Statement of Comprehensive Income | 217 |
Consolidated Statement of Cash Flows | 218 |
Statement of changes in consolidated shareholders' equity | 219 |
Explanatory Notes to the Consolidated Financial Statements | 220 |
Comments on the main statement of financial position items | |
(assets, shareholders' equity and liabilities) | 269 |
Comments on the main income statement items | 296 |
Other information | 306 |
Disclosure pursuant to art. 149-duodecies of the Issuers' Regulation | 321 |
Statement pursuant to article 154 bis of Leg. Decree no. 58 of 24 February 1998 | |
(Consolidated Law on Finance) | 322 |
Independent Auditor's Report | 324 |
Separate Financial Statements as at 31 December 2022 | 332 |
Financial Statements | 336 |
Statement of financial position - assets | 336 |
Statement of financial position - liabilities and shareholders' equity | 337 |
Income statement | 338 |
Statement of comprehensive income | 339 |
Statement of cash flows | 340 |
Statement of changes in shareholders' equity | 342 |
Explanatory Notes to the Separate Financial Statements | 343 |
Comments on the main statement of financial position items | |
(assets, shareholders' equity and liabilities) | 385 |
Comments on the main income statement items | 412 |
Other information | 423 |
Disclosure pursuant to art. 149-duodecies of the Issuers' Regulation | 438 |
Statement pursuant to article 154 bis of Leg. Decree no. 58 of 24 February 1998 | |
(Consolidated Law on Finance) | 439 |
Report of the Board of Statutory Auditors | 440 |
Independent Auditor's Report | 454 |
Salvatore Ferragamo - Annual Report as at 31 December 2022 | 3 |
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Disclaimer
Salvatore Ferragamo S.p.A. published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2023 09:27:02 UTC.