January 29, 2020 / 6:58 AM / 25 days ago

French fashion SMCP confirms 2019 guidance after sales growth

FILE PHOTO: The logo of ready-to-wear Sandro brand is seen on a fashion shop storefront in Paris, France, March 29, 2017. REUTERS/Charles Platiau

PARIS (Reuters) - French fashion company SMCP (SMCP.PA) confirmed on Wednesday its 2019 guidance after posting an 8.7% growth in sales last year despite sharp market deterioration in Paris and Hong Kong.

The company, whose brands include Sandro and Claudie Pierlot, said in a statement its 2019 adjusted earnings before interest, tax, depreciation and amortisation margin would be between 15.5% and 16%

Reporting by Sudip Kar-Gupta and Matthieu Protard; Editing by Muralikumar Anantharaman

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below