The French clothing group SMCP increased its sales again in the first quarter of the 2023 financial year. CEO Isabelle Guichot was correspondingly satisfied: in an interim report published on Thursday, she praised the “good results” of the group of companies, which includes the Sandro, Maje, Claudie Pierlot and Fursac brands. “We are particularly pleased with the strong momentum in France, the dynamism in Europe, the return to growth in Asia and the resilience of our businesses in the Americas after an excellent 2022,” stressed Guichot.
In the period from January to March, group sales amounted to EUR 304.6 million and thus exceeded the level of the same quarter of the previous year by 7.6 percent. On an organic basis – i.e. adjusted for currency effects and changes in the Group portfolio – revenues increased by 6.7 percent.
In France, the group achieves a double-digit increase in sales
SMCP experienced the strongest growth in the French home market with an increase of 13.1 percent to 106.0 million euros. In the EMEA region, which includes the rest of Europe, the Middle East and Africa, sales increased by 6.6 percent (currency-adjusted +7.0 percent) to 88.6 million euros, in the Asia-Pacific region by 5.1 percent (organic +2.7 percent) to 71.0 million euros. In America, sales amounted to EUR 39.0 million, which corresponds to an increase of 1.0 percent compared to the same quarter of the previous year. Adjusted for currency effects, however, sales there fell by 2.5 percent.
The Sandro brand achieved an increase in sales of 8.9 percent (organically +7.8 percent) to 146.0 million euros. Growth was lower for the Maje label, whose revenues rose by 1.5 percent (organically +0.4 percent) to EUR 113.8 million. The joint sales of the two small group brands Claudie Pierlot and Fursac amounted to 44.8 million euros and thus improved by 21.7 percent (organically +21.8 percent).