Aeffe Spa has reported a net profit of €35.2 million (~$38.72 million) in 9M 2024, reversing a €17.8 million loss in 2023.
Revenue fell 17.6 per cent YoY to €207.8 million.
EBITDA soared to €90.9 million (~$95.92 million) (43.8 per cent margin).
All regions saw turnover declines, led by wholesale (-20.3 per cent).
Strategic efforts focus on brand reorganisation amid global consumption slowdowns.