(AOF) – In a press release, the SMCP group indicates that it is now targeting average single-digit growth in its turnover in 2023 compared to “single-digit growth in its turnover in the mid-to-high range”, previously and an adjusted EBIT margin of between 7% and 9%. SMCP previously expected “an improvement in its adjusted EBIT margin vs. 2022”, or 9.2% of turnover.
“Since the group’s last publication at the end of July, market conditions have generally deteriorated, with a slowdown in growth in Europe in a lasting inflationary environment, as in France where the entire market has recorded sluggish consumption since the start of the month of August”, observes the parent company of the Sandro, Maje, Claudie Pierlot and Fursac brands.
For the second half, SMCP anticipates moderate growth in its sales compared to 2022, with a stable or slightly declining third quarter, and a fourth quarter more in line with the trend of the first half, benefiting in particular from a base effect. favorable in China.
The group will communicate its third quarter turnover on October 26.
© 2023 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
