The consolidated sales of the Italian clothing group BasicNet SpA. rose by 35.1 percent in the first quarter. The total sales of the Group brands’ products achieved worldwide through the network amounted to 299.1 million euros. Compared to the 268.8 million euros in the first three months of the previous year, this corresponds to an increase of 11.3 percent.
In detail, sales of commercial licensees and direct sales amounted to 241.8 million euros, an increase of 19.0 percent compared to 203.2 million euros as of March 31, 2025. At the same time, sales of production licensees reached 57.3 million euros. This corresponds to a decrease of 12.6 percent compared to 65.6 million euros as of March 31, 2025.
Commercial licensee sales and direct sales recorded strong growth of 25.6 percent in Europe. They rose from 160.3 million euros as of March 31, 2025 to 201.2 million euros as of March 31, 2026. The development was also positive in Asia and Oceania, with an increase of 4.7 percent. In contrast, the Middle East and Africa as well as North and South America recorded a slowdown of 5.5 percent and 18.1 percent, respectively, as the Turin-based company announced.
Consolidated sales amounted to 132.8 million euros, an increase of 35.1 percent compared to 98.3 million euros as of March 31, 2025. This includes direct sales of 118.8 million euros, which corresponds to a growth of 45.0 percent compared to 81.9 million euros as of March 31, 2025. This growth was also supported by the Woolrich and Sundek brands acquired in December 2025.
The license income from commercial and production licensees amounted to 13.8 million euros. This is a decrease of 14.2 percent compared to 16.1 million euros in the first quarter of 2025. Part of the decrease is due to the start of direct sales in some markets that were still managed by third-party licensees in the first quarter of 2025. This resulted in a portion of licensing revenue being reclassified into direct sales, management explained.
Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 15.4 million euros, an increase of 21.1 percent compared to the pro forma figure for the first quarter of 2025. Earnings before interest and taxes (EBIT) were 5.6 million euros, compared to a pro forma EBIT of 7.6 million euros in the first three months of 2025.
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