In the 12 months ended Dec. 31, after the contribution from financial operations and tax charges, armani reported consolidated net profits of 169.9 million euros, a 43 percent increase compared to 2019.
and Armani Exchange lines, respectively. The goal was to strengthen the individual brands and maximize their potential in an increasingly competitive and changing market.
The U.S. performed well in 2021 and in the first six months of this year. In the first half of 2022, China slowed down due to the lockdowns but Europe’s performance improved. The company expects “a substantial improvement” in operating profitability for the year, subject to potential risks in the second half, including “possible increase in recessionary impacts related to the conflict between Russia and Ukraine; possible new waves of the pandemic, and the tightening of restrictive policies by central banks, aimed at containing inflationary dynamics.”
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