Salvatore Ferragamo Italia : 2017 01 31_Preliminary FY 2016 consolidated revenues

PRESS RELEASE Salvatore Ferragamo S.p.A. FY 2016 Group Preliminary Consolidated Revenue Figures Salvatore Ferragamo Group: Consolidated Revenues1up 4% in 4Q 2016 and up 1% in FY 2016 Florence, 31 January 2017 -Salvatore Ferragamo S.p.A. (MTA: SFER), parent company of the Salvatore Ferragamo Group, one of the global leaders in the luxury sector, released theGroup's Preliminary Consolidated Revenues1for the Fiscal Year 2016, which amount to1,438 million Euros up by 1% at current exchange rates and down by 2% at constant exchange rates2vs. FY 2015. Preliminary Consolidated Revenue1figures for FY 2016 As of 31 December 2016, the Salvatore Ferragamo Group reportedTotal Revenues1of 1,438 million Euros up by 1% at current exchange rates (-2% at constant exchange rates2) over the 1,430 million Euros recorded in FY 2015. Revenues1, in 4Q 2016, confirmed the improved trend, reporting a4% growth (+1% at constant exchange rates2). The positive development is confirmed also by the further acceleration of the retail channel sales in January 2017. Revenues1by geographical area 3

The Asia Pacific area is confirmed as the Group's top market in terms of Revenues1, representing 36% of total in FY 2016, up by 1%. In 4Q 2016 the growth was over 4%, despite the hard comparison base (+8% in 4Q 2015). The positive performance was achieved despite the still weak business in Hong Kong which remained negative, despite a further improvement. In particular, in 4Q 2016, the retail business registered a decrease of 13% at constant exchange rates2(-21% in 9M 2016). The retail channel in China recorded Revenues1up 6% at constant exchange rates2in FY 2016, with an acceleration in 4Q 2016 (+13% constant exchange rates2vs.+3% in 9M 2016).

1 Preliminary/Non-Audited Revenues drafted according to IAS/IFRS International Accounting Principles.

2 Revenues at "constant exchange rates" are calculated by applying to the Revenues of the full-year 2015, not including the "hedging effect", the average exchange rate of the full-year 2016.

3 The variations in Revenues are calculated at current exchange rates (including the "hedging effect"), unless differently indicated.

Europe posted andecrease in Revenues4of 4% in FY 2016, penalized by lower tourist flows due to the dramatic events occurred.In 4Q 2016 thedecrease was2% , despite the hard comparison base (+9% in 4Q 2015), mainly thanks to the further improvement of the retail business (-1% vs. - 9% in 9M 2016).

North America, despite the strong currency that also negatively impacted tourist flows in the United States, registered an increase in Revenues4of over 4% in FY 2016 (-2% at constant exchange rates5). In 4Q 2016 Revenues4increased 7% (+2% at constant exchange rates5), thanks to the good performance of the retail business up by 10%.

The Japanese market reported stable Revenues4in FY 2016, but up 3% in 4Q 2016, despite the hard comparison base (+18% in 4Q 2015).

Revenues4in Central and South America showed an increase of 6% in FY 2016, with an acceleration in 4Q 2016 (+12%). At constant exchange rates5the growth was even more significant, showing a +16% in FY 2016 and +23% in 4Q 2016.

Revenues4by distribution channel 6

As of 31 December 2016, the Group's network totalled 683 points of sale, and could count on 402 Directly Operated Stores (DOS), while the Wholesale and Travel Retail channel included 281 Third Party Operated Stores (TPOS), as well as the presence in Department Stores and high-level multi-brand Specialty Stores.

In FY 2016 the Retail distribution channel posted Consolidated Revenues4up by over 2% (+5% in 4Q 2016). At constant exchange rates5the trend was negative by 1% in FY 2016, but positive by over 2% in 4Q 2016.

The Wholesale channel delivered in FY 2016 a 2% decrease, mainly penalized by the negative performance of the US market, but 4Q 2016 showed a positive trend (+3%).

Revenues4by product category6

Among the product categories, shoes registered Revenues4up by 2% in FY 2016, while handbags and leather accessories showed a stable trend vs. a hard comparison base (+12% in FY 2015). Fragrances reported stable Revenues4in FY 2016, with a further improvement in 4Q 2016 (+11%).

4 Preliminary/Non-Audited Revenues drafted according to IAS/IFRS International Accounting Principles.

5 Revenues at "constant exchange rates" are calculated by applying to the Revenues of the full-year 2015, not including the "hedging effect", the average exchange rate of the full-year 2016.

6 The variations in Revenues are calculated at current exchange rates (including the "hedging effect"), unless differently indicated.

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The manager mandated to draft the corporate accounting documents, Marco Fortini, pursuant to article 154-bis, paragraph 2, of Legislative Decree no. 58/1998 (Consolidated Financial Law), hereby declares that the information contained in this Press Release faithfully represents the content of documents, financial books and accounting records.

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Salvatore Ferragamo S.p.A.

Salvatore Ferragamo S.p.A. is the parent Company of the Salvatore Ferragamo Group, one of the world's leaders in the luxury industry and whose origins date back to 1927.

The Group is active in the creation, production and sale of shoes, leather goods, apparel, silk products and other accessories, along with women's and men's fragrances. The Group's product offer also includes eyewear and watches, manufactured by licensees.

The uniqueness and exclusivity of our creations, along with the perfect blend of style, creativity and innovation enriched by the quality and superior craftsmanship of the 'Made in Italy' tradition, have always been the hallmarks of the Group's products.

With approximately 4,000 employees and a network over 680 mono-brand stores as of 31 December 2016, the Ferragamo Group operates in Italy and worldwide through companies that allow it to be a leader in the European, American and Asian markets.

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For further information:

Salvatore Ferragamo S.p.A. Paola Pecciarini Group Investor Relations Tel. [phone] [e-mail]

Image Building Giuliana Paoletti, Mara Baldessari, Alfredo Mele Media Relations Tel. [phone] [e-mail]

This Press Release is also available on the website http://group.ferragamo.com, in the section

"Investor Relations/Financial Press Releases".

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On the following pages a more detailed analysis of Revenues7of the Salvatore Ferragamo Group as of 31 December 2016. Revenue7by geographical area as of 31 December 2016

(In thousands of	2016 Euro)	%weight on tot	2015	%weight on tot	2016 vs 2015 %	Constant Rates 2016 vs 2015 %
Europe	364.292	25,3%	380.625	26,6%	-4,3%	-4,0%
North America	348.265	24,2%	333.770	23,3%	4,3%	-2,2%
Japan	126.689	8,8%	127.281	8,9%	-0,5%	-8,2%
Asia Pacific	521.730	36,3%	515.950	36,1%	1,1%	-2,3%
Latin America	76.852	5,3%	72.413	5,1%	6,1%	15,9%
Total	1.437.828	100,0%	1.430.039	100,0%	0,5%	-2,5%

Revenue7by distribution channel as of31 December 2016

%weight	%weight	2016 vs	Constant Rates 2016 vs 2015
(In thousands of	2016 Euro)	on tot	2015	on tot	2015 %	%
Retail	912.361	63,5%	892.041	62,4%	2,3%	-0,8%
Wholesale	502.647	35,0%	513.582	35,9%	-2,1%	-5,1%
Licences	9.865	0,7%	11.540	0,8%	-14,5%	-14,5%
Rental income	12.954	0,9%	12.876	0,9%	0,6%	0,4%
Total	1.437.828	100,0%	1.430.039	100,0%	0,5%	-2,5%