Armani Group: Revenue in FY22 Increased by 16.5% to €2.35 Billion, Asian Market is Showing Significant Potential in FY23

5月 27, 2023

On May 25, Armani Group announced that, driven by sales in Europe and the United States, its revenue in fiscal year 2022 increased by 16.5% to 2.35 billion euros, and its operating profit increased by 30% to 202.5 million euros. During the reporting period, the performance of Asian markets declined due to Covid-19 restrictions.
However, sales rose 18% in the first quarter of fiscal 2023, driven by a 14% rise in sales following a recovery in Asia and modest growth in the U.S., which is a sign of the Asian market’s evident potential in FY2023.

At the same time, in the first fisca …