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  "documentTitle": "Salvatore Ferragamo | Results Presentation Deck | 10 slides",
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  "authorName": "Salvatore Ferragamo",
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  "presentationDate": "2020-09-01 00:00:00",
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  "notes": "The table includes a 'June YTD' column header, indicating the 1H period.",
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      "text": "EBIT negative for 74 million Euros (negative for 65 million Euros excluding impairment tests) vs. 94 million Euros positive in 1H'19.",
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      "text": "Opex down 17.2% (-17.6% at const. FX), due to the containment measures on all operating expenses, mainly rents renegotiation and reduction of personnel costs. Excluding the impairment tests effect of over 9 million Euros, the Operating Costs decreased by 19.8% at current FX.",
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      "text": "Gross Profit -50.5% to 226 million Euros, with incidence on Revenues down 480 bps to 60.0%, mainly penalized by lower Primary Full price weight and by the increase in provisions for obsolescence.",
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