Strong direct sales in Greater China defied slowing momentum for the luxury sector in the region and sales in Europe grew at an unchanged pace despite fewer Russian tourists travelling to places like the French Riviera over the summer.

The group said full-year consensus forecasts were "reasonable."

On Friday Bryan Garnier raised its rating on Ferragamo to "buy" from "neutral."

Italy's blue-chip stock index rose 0.7 percent <.FTMIB>.

(Reporting by Valentina Za)