Dear Shareholders,

For Salvatore Ferragamo, 2022 was a strategically important year, albeit in a complex and challenging macroeconomic context. The year was characterized by very intensive and determined work - inspired by the long history of our company and its many unique values and examples - to create a solid foundation for the future on which to consolidate our identity, and a qualified organization to develop the important potential of our brand.

Under the leadership of Marco Gobbetti, managing director of our group since 1 January 2022, the collaboration with Maximilian Davis, a very young and talented creative director, began. We are confident that this renewed team will not only enable us to achieve important goals, but will also enhance the extraordinary human capital that distinguishes our company in Italy and in many parts of the world.

And the first thought is to pay tribute to the many collaborators who, with skill and passion, have continuously worked to guarantee and promote this significant evolution, always interpreting the quest for excellence, style and innovation that are the fundamental values of our brand and characteristic of our beloved Italy.

Convinced that luxury should be conceived as a solid reference point, a promoter of social and environmental issues, we have strengthened our commitment to sustainable development in 2022. To safeguard our shared heritage and to empower future generations, we have set out important new commitments in our Sustainability Plan for the coming years. For Ferragamo, sustainability is a culture, it is the way we work every day.

Once again, we were present on the social, cultural and territorial front, supporting associations and projects in the fields of art and culture, health and research. We have continued to prioritize the health and well-being of our employees, implementing our global diversity and inclusion strategy, with the introduction of company-wide training courses. We have also joined forces with Camera Nazionale della Moda Italiana to support the UNHCR in providing concrete assistance to the Ukrainian people who have been hard hit by the war.

Our heritage is the foundation on which we can build and accelerate growth. Today, our strategy is clear and our team is united by a shared purpose and values. I am confident that Salvatore Ferragamo will continue to fulfil its extraordinary potential and that we will continue to work with vision, dedication and determination to be an inspiration and benchmark for future generations.

Leonardo Ferragamo,
Salvatore Ferragamo S.p.A. Chairman