Smcp SAS

SMCP reported first-half 2026 revenue of €597 million, up 0.6% on an organic basis, with adjusted EBIT climbing 25% to €53 million and an adjusted EBIT margin of 8.9%, up 1.8 percentage points from the first half of 2025. The group confirmed its full-year 2026 objectives, targeting an adjusted EBIT margin of around 10% of sales in the second half and full-year free cash flow of €50 million. Net income rose 52% to €17 million, while net debt fell to €145 million, pushing the leverage ratio to a historically low 1.1 times. Second-quarter organic sales growth accelerated to 2.0%, driven by a 10.4% increase in the Americas and a 9.0% rise in EMEA excluding France, while Asia Pacific returned to organic growth at 1.1% and France declined 8.6% amid a difficult consumer environment and store network contraction. By brand, Maje delivered 5.2% organic growth across all regions, and Sandro continued a solid trajectory.