SMCP has released its H1 results with the Sandro, Maje, Claudie Pierlot and Fursac owner saying it saw “resilient sales excluding China”. Maje – DR Sales fell by 3.6% on an organic basis to €585 million but grew in America, and were resilient in Europe with a sequential improvement in Q2 in France. Yet clearly, [...]read moreSMCP dragged down by China despite strength in other regions
SMCP‘s full-year results Wednesday saw it confirming that sales rose 4% at constant exchange rates (3% on an organic basis) to reach €1.231 billion. But net profits still plummeted and the company is intensifying its efforts to boost its brands and control costs. Sandro The company said the average in-season discount rate had stayed “nearly [...]read moreSMCP hit by tough finale to 2023 as profits fall, but sales still edged up
SMCP has issued a brief Q4 update and sales that its “sales remained stable compared to 2022 at constant exchange rates, despite a macroeconomic context that continued to deteriorate”. Sandro Even though the owner of Sandro, Maje, Claudie Pierlot and Fursac saw “heightened geopolitical tensions, weak household consumption and persistent inflation, the good resilience of [...]read moreSMCP Q4 update sees sales figure scaled back, but revenue still rising