SMCP posts sales growth, confirms outlook

In 2019, consolidated sales at SMCP, parent company of the Sandro, Maje and Claudie Pierlot brands, reached 1,131.9 million euros (1,245.7 million dollars), up 8.7 percent at constant currency and scope. The company said, reported sales were up 11.3 percent, including a positive currency impact of 1.3 percent and De Fursac’s contribution of 1.2 percent since September 2019 and reflected a stable, negative 0.1 percent like-for-like sales growth, with a sequential acceleration in H2 2019 of 0.8 percent, as well as a continued expansion of the stores network. In the fourth quarter, the company’s consolidated sales reached 317 million euros (348.8 million dollars), up 9.6 percent at constant currency, while reported sales were up 14.8 percent, including a positive currency impact of 1.2 percent and De Fursac’s contribution of 3.9 percent. For 2019, SMCP confirms its adjusted EBITDA margin guidance of between 15.5 percent and 16 percent.