Tag: recognition

Net income available to common stockholders of $5.5 million and $48.0 million for the three and six months ended June 30, 2025, respectively, or $0.09 and $0.79 per diluted share, respectively.

Milan, 29^th July 2025 – The Board of Directors of Recordati S.p.A. approved the interim financial statements as of June 30, 2025, pursuant to Art. 154-ter of Italian Legislative Decree 58/1998 and subsequent amendments, prepared in accordance with said Decree and the CONSOB Issuers Regulation. The statements were prepared in accordance with International Accounting Standard (IAS) 34 requirements for interim reporting, based on the assessment, measurement and recognition criteria set by the IFRSs. The interim financial statements on June 30, 2025 – as well as the Independent Auditors’ report on such statements - will be available within the legal deadline at the company’s offices and on the company’s website (www.recordati.com) and can also be viewed on the authorized storage system 1Info(www.1Info.it).

The luxury goods market is projected to soar to USD 704.95 billion by 2033, exhibiting a robust CAGR of 7.02% from 2025. This growth is driven by rising disposable incomes, expanding middle-class demographics, and increasing brand recognition. Prominent trends include digital transformation, experiential and personalized luxury, and sustainable practices. The market analysis covers diverse segments such as watches and jewelry, perfumes, cosmetics, clothing, and accessories. Key regions like China, India, the U.S., and Saudi Arabia are pivotal growth anchors, with companies like Kering, Ralph Lauren, and Hermès leading strategic expansions.