Increasing losses in the first quarter due to global slowdown

The Italian fashion company Aeffe Spa slips deeper into the red. The group behind the brands Alberta Ferretti, Philosophy di Lorenzo Serafini, Moschino and Pollini fought with a global consumption in the first quarter.

The consolidated sales amounted to 61.7 million euros compared to 80.2 million euros in the same period last year, which corresponds to a decline of 23.3 percent in the event of constant exchange rates. The consolidated negative result before interest, taxes and depreciation was 1.5 million euros, compared to an EBITDA of 6.3 million euros in 2024.

The group’s net loss was 10.1 million euros compared to a loss of 5.6 million euros in the previous year.

“The general global slowdown of consumption has affected both the major and retail, which is reflected in the results of our group in the first quarter of the year,” said the Executive Chairman of the Aeffe Spa, Massimo Ferretti. “This situation, which is expected for the first part of the current year, did not affect us unprepared, and we continue to implement processes to rationalize activities and all operating costs. We look with confidence and new trust in the recovery of the retail market in the coming months and continue to invest in the development of the brands Moschino, Alberta Ferretti and Pollini”

The financial debt, including the effects of IFRS 16, was 170.3 million euros, a decline compared to a debt of EUR 239.5 million on March 31, 2024. The financial debt amounted to the 137.2 million euros on March 31, 2025, without considering the IFRS 16 effect, which was recorded on March 31, 2024.