Half Year 2025 SMCP SA Earnings Call Transcript

Jul 29, 2025 / 04:00 PM GMT

Transcript

Key Points

Positve

SMCP SA (STU:SFC) reported a 3% growth in revenue for the first half of 2025, reaching €601 million.
Profitability improved significantly, with the adjusted margin more than doubling and net profit returning to positive territory.
The company achieved a record free cash flow generation for the first semester, traditionally a weaker period for cash flow.
SMCP SA (STU:SFC) expanded its presence by opening stores in six new countries, including India and the Philippines.
The company's strategic action plans are starting to bear fruit, with tangible improvements in EBITDA margin and financial structure.

Negative

Sales in China declined by 8% organically due to the full effect of network optimization performed in 2024.
The digital segment in China remains a challenge, heavily driven by promotions, which affects profitability.
The company anticipates difficulty in replicating strong performance in the Americas in Q3 due to a high comparison base.
There are ongoing legal proceedings regarding a 15.5% stake of SMCP SA (STU:SFC) that was transferred in 2021.
The external environment remains uncertain and challenging, which could impact future performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SMCP.PA - Smcp SA
Half Year 2025 SMCP SA Earnings Call
Jul 29, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the SMCP 2025 half year results conference call. My name is Ellen, and I will be your coordinator for today's event. Please note this call is being recorded and for the duration, your lines will be on listen-only. However, you have the opportunity to ask questions at the end. This can be done by pressing one on your telephone keypad. If you require assistance at any time, please press 0 and you'll be connected to an operator. I will now hand you over to your host, Emily Dennis, head of IR to begin today's conference.

Thank you.

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Unidentified_2 [2]
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