The Italian fashion group Giorgio Armani SpA suffered losses in sales in the 2025 financial year. At the same time, however, the company was able to increase its earnings.
Last year, group sales amounted to 2.19 billion euros. This corresponded to a decline of 4.6 percent compared to 2024. On an organic basis, revenue fell by 2.8 percent.
In its own retail business, sales rose by two percent after adjusting for currency effects, but in the wholesale business it fell by seven percent. The losses “mainly reflected the decline in wholesale orders and the understandable caution of sales partners in the general market environment,” the group said.
Operating profit increases by two percent
However, the group made progress in terms of operational profitability. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 3.2 percent to 152.7 million euros, while operating profit (EBIT) increased by two percent to 52.6 million euros.
The company also reiterated its solid financial position. According to a statement, the equity capital amounts to around two billion euros and the liquid assets amount to around 600 million euros.
The group wants to preserve the principles of its late founder
CEO Giuseppe Marsocci took stock of an extraordinary year for the group. “In 2025 we not only experienced the 50th anniversary of the company’s founding, but unfortunately also the death of our founder,” he explained in a statement. “We continued to act in the best possible way in line with the strategic line set by Mr. Armani. Our perspective is focused on the group in the long term and not on the immediate maximization of profits.”
The CEO also referred to the current uncertainties. “We are currently monitoring and evaluating the market with the greatest attention,” says Marsocci. “We may be facing a structural shift in the way current and potential consumers approach luxury and fashion. This is something we need to take into account.”
Management was confident about the coming months. “Now more than ever, the identity of the company and the brand is reflected in the founding principles that Mr. Armani laid down in his entrepreneurial will,” emphasized Marsocci. “These values are rooted in its model of beauty and timeless, discreet elegance. Together with the idea of a solid and prudent company, they are extremely relevant today, if not more relevant than ever before.”
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