Italian luxury group Aeffe SpA has reported consolidated revenues of €155 million (~$179.8 million) for the first nine months (9M) of 2025 ended September 30, a 25.4 per cent decline year-on-year (YoY). The company’s EBITDA turned negative at €11.9 million (adjusted: –€7.6 million), reflecting weaker market conditions and ongoing restructuring.

The net financial debt rose to €193.9 million (including IFRS 16 effects), up from €152.4 million at end-2024. The ready-to-wear division recorded revenues of €95.5 million, a drop of 31.8 per cent. The footwear and leather goods division achieved revenues of €76.8 million, declining by 11.4 per cent, Aeffe said in a press release.

Italy’s Aeffe has reported €155 million (~$179.8 million) in revenue for the 9M 2025, down 25.4 per cent YoY, with EBITDA negative at €11.9 million.
Net financial debt rose to €193.9 million.
The ready-to-wear and footwear divisions declined 31.8 per cent and 11.4 per cent, respectively.
Aeffe also postponed its Interim Management Report amid a negotiated crisis resolution procedure.

By region, sales in Italy, which accounted for 40.2 per cent of total turnover, fell 30.3 per cent YoY to €62.4 million. The wholesale channel dropped 36 per cent, while retail decreased 12 per cent. In Europe (excluding Italy), revenues declined 17.1 per cent to €52.8 million, representing 34.1 per cent of total turnover. In Asia and the rest of the world, sales fell 25.6 per cent to €31.4 million, while in America, sales decreased 27 per cent, contributing 5.5 per cent to overall turnover.

By distribution channel, all three distribution channels experienced declines: Wholesale (65.8 per cent of total turnover) dropped 25.8 per cent to €102 million. Retail (32.8 per cent of total turnover) fell 18.6 per cent to €50.8 million. Royalties revenue plummeted 69.1 per cent to €2.2 million, largely due to the absence of royalties from product class 3 of the Moschino brand following its sale in 2024.

The ready-to-wear division reported a negative EBITDA of €15.8 million, versus a positive €83.1 million a year earlier. The footwear and leather goods division posted a positive EBITDA of €3.9 million, compared with €7.9 million in 2024.

As of September 30, net financial debt including International Financial Reporting Standards (IFRS) 16 effects totalled €193.9 million, compared with €152.4 million at end-2024.

The group further announced the postponement of the approval and publication of its Interim Management Report for the period. The report, originally scheduled for release on November 14, 2025, will be deferred to a later date yet to be confirmed.

It stated that the delay is due to the ongoing negotiated crisis resolution procedure (CNC) initiated on October 2, 2025, by Aeffe and its subsidiary Pollini SpA. The postponement aims to allow adequate time for the completion of the industrial recovery plan required as part of the CNC process, which holds implications for the finalisation of the interim report.

Fibre2Fashion News Desk (SG)