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Salvatore Ferragamo PRESS RELEASE Salvatore Ferragamo S.p.A. The Board of Directors approves the Consolidated Interim Report as of 31 March 2021 Salvatore Ferragamo Group three months Revenue + 10.3 % , Operating Profit ( EBIT ) at 7 million Euros , Net Profit at breakeven and Positive Net Financial Position of 169 million Euros Retail Revenues up 20.8 % at constant exchange rates² vs. 1Q 2020 and digital channel growing triple - digit Further acceleration of sales in the first part of 2Q notably in China , Korea , US and in the digital channel Revenues : 245 million Euros ( + 10.3 % vs. 222 million Euros at 31 March 2020 , + 13.0 % at constant exchange rates² ) Gross Operating Profit ( EBITDA¹ ) : 48 million Euros vs. 12 million Euros at 31 March 2020 ) • Operating Profit ( EBIT ) : 7 million Euros ( vs. -36 million Euros at 31 March 2020 ) Net Profit : -0.6 million Euros ( vs. -41 million Euros at 31 March 2020 ) • Net Financial Position ( net of IFRS16 effect ) : positive for 169 million Euros ( vs. 123 million Euros positive at 31 March 2020 ) Florence , 11 May 2021 - The Board of Directors of Salvatore Ferragamo S.p.A. ( MTA : SFER ) , parent company of the Salvatore Ferragamo Group , one of the global leaders in the luxury sector , in a meeting chaired by Leonardo Ferragamo , examined and approved the Consolidated Interim Report as of 31 March 2021 , drafted according to IAS / IFRS international accounting principles ( " non - audited " ) . 1