Fope 2022 results - Luna Bracelets
Fope 2022 results - Luna Bracelets

Italian fine jewellery brand, Fope, has reported a 54.2% net revenue increase in comparison with 2021, according to financial results for 2022.

The brand reported €62.2m (£54.9m) in consolidated net revenues for the 2022 calendar year.

This figure shows an increase of 54.2% in comparison with the previous year, with net revenue growth of €21.9m (£19.3m).

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Reported figures for 2022 are even more significant when considered in comparison with pre-pandemic financial reports.

Consolidated net revenues for 2019 (pre-COVID) were reported at €35.5m (£31.3m).

2022 demonstrated net revenue growth of 77.8% in comparison with pre-pandemic figures.

Fope chief executive officer, Diego Nardin said: “An excellent result which confirms the validity of the market development strategies and the consolidation of the brand positioning that we are pursuing.

“All the countries where we are present have seen growth, both the international markets which are the most solid ones for us and the emerging markets but also Italy where the results were particularly significant and satisfying.

“We are looking positively forward to growth in the business for 2023 with prudent but increasing sales forecasts, despite the fact that the international economic context and the continuation of some critical factors create uncertainty.

“The specific nature of Fope’s product range and the forecasts on the potential business trend in the luxury sector in which we operate, I believe, back up the positive estimates.”

Fope previewed a selection of its upcoming fine jewellery collections for 2023 at Vicenzaoro January 2023 this weekend (20-24 January) in a futuristic cube of light which captured the brand’s commitment to ingenuity and design.

The fine jewellery brand also hosted a glamorous party at the Villa Calmarana ai Nani on Sunday evening, welcoming guests into the beautiful venue which is a prime example of Palladio architecture.

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