Italian luxury group, Salvatore Ferragamo, has recorded a 43% annual rise in its 2013 group net profit to €150 million, driven by an increase in revenue across most markets. It also expressed optimism about the current year.

The maker of luxury and iconic bags and shoes said in a statement that its revenue last year grew up by 9% to €1.26 billion, with all areas, except for Japan, registering double-digit growth. Asia Pacific, which accounted for 37% of the total revenue, was its top market. Revenue there increased by 10%, driven by the retail channel in China.

Handbags and leather accessories were the biggest contributor to revenue. The company said that sales in this category rose by 18%. Ready-to-wear was the only category that posted a decline.

The group's earnings before interest, tax, depreciation and amortisation (EBITDA) went up by 14% to €260 million, whereas its earnings before interest and tax (EBIT) were up 13% to €219 million.

Judging from the business developments in the first few months of this year, Salvatore Ferragamo forecast continued growth throughout 2014. CFO, Ernesto Greco, believes that €285 million is a realistic figure for the company's EBITDA this year. The EBITDA margin, which last year was 20.7%, is projected to widen to 25% in the next few years.

The major focus in 2014 will be on handbags, CEO Michele Norsa said, adding that the company planned to open 15 new shops, half of which will be in Asia.