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  "authorName": "Salvatore Ferragamo",
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  "presentationDate": "2020-11-01 00:00:00",
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  "notes": "Includes IFRS16 adjustments and specific commentary on working capital, CAPEX, and net financial position.",
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      "text": "Net Working Capital up 2.0%, with Inventory down 8.7% (-2.8% at const. FX). Investments (CAPEX) at 15 million Euros, vs. 40 million Euros in 9M'19. Net Financial Position adj. (ex. IFRS16 impact) at 30 September 2020 positive for 75 million Euros.",
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