REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsMILAN, Oct 19 (Reuters) - Sales at Italian luxury goods group Salvatore Ferragamo (SFER.MI) fell by 9.2% at constant exchange rates in the first nine months of the year, in line with market expectations, hit by weak demand in Asia and North America.
Revenue in the period totalled 844 million euros ($892.53 million), down from 920.7 million euros a year earlier, the leather goods company said on Thursday.
Analysts had expected sales of 845 million euros on average, according to a Refinitiv consensus.
Asia-Pacific sales declined by 11.7% at constant currencies in the nine months, while in North America they decreased by 18.2%.
Europe and Middle East posted an increase in sales of 3%.
Persons:
Salvatore Ferragamo's, Arnd, Salvatore Ferragamo, Analysts, Marco Gobbetti, Audrey Hepburn, Gobbetti, Maximilian Davis, Claudia Cristoferi, Federico Maccioni, Kirsten Donovan
Organizations:
REUTERS, North America . Revenue, Ferragamo, Burberry, Hollywood, Thomson
Locations:
Zurich, Switzerland, Asia, North America, China, Europe, United States, Pacific, Middle