Earnings release
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Salvatore Ferragamo PRESS RELEASE Salvatore Ferragamo S.p.A. The Board of Directors approves the Consolidated Interim Report as of 30 September 2021 Nine Months Revenue up 33.9 % vs. 9M 2020 , Operating Profit ( EBIT ) at 84 million Euros , Net Profit 40 million Euros and Positive Net Financial Position5 of 265 million Euros Third Quarter 2021 Operating Profit ( EBIT ) at 18.6 million Euros , strongly increasing vs. Third Quarter 2019 United States main growth driver in Third Quarter 2021 Revenues : 785 million Euros ( + 33.9 % vs. 587 million Euros at 30 September 2020 , + 35.3 % at constant exchange rates² ) Gross Operating Profit ( EBITDA¹ ) : 202 million Euros ( vs. 78 million Euros at 30 September 2020 ) Operating Profit ( EBIT ) : 84 million Euros ( vs. -69 million Euros at 30 September 2020 ) Net Profit : 40 million Euros ( vs. -96 million Euros at September 2020 ) Net Financial Position : positive for 265 million Euros ( vs. 75 million Euros positive at 30 September 2020 ) During the same meeting , the Board of Directors : Approved an update of the 2021 Remuneration Policy , to be submitted to the Shareholders ' Meeting for approval 1