(Finance) – Piquadroa company listed on Euronext Milan and active in the design, production and distribution of leather goods, announced that the sales consolidated in first nine months of the financial year (as of 31 December 2024) is equal to 134.6 million euros, an increase of 2.4% compared to the same period ended 31 December 2023 and equal to 131.5 million euros. (+2.5% at constant exchange rates).
From a geographical point of view the group has registered in Italian market a turnover of 61.8 million euros, equal to 45.9% of consolidated sales (48.1% of consolidated sales as of 31 December 2023), a decrease of 2.2% compared to the same period of the 2023/2024 financial year .
In the third quarter of the fiscal year 2024/2025 (October-December) the group recorded a turnover of 46.8 up by 2.9%, largely driven by the performance of the Maison Lancel up by 15.0% compared to similar period ending on 31 December 2023.
“The first nine months of the financial year close with particularly brilliant results for Lancelwhich recorded growth of more than 8%, driven by the +12.2% like for like of the DOS channel and the excellent performances of wholesale and e-commerce – commented theCEO Marco Palmieri – The Bridge also showed solid results, with very interesting turnover growth especially in direct stores. Finally, Piquadro remains constant, with a turnover in line with expectations, testimony to the solidity of the group and the quality of the work carried out on the various brands”.
“In this regard, I would like to point out that, starting from January 2025, we have adopted, for the Piquadro and The Bridge brands, the selective distribution system already implemented to the satisfaction of the Maison Lancel – he added – This new model will allow Piquadro and The Bridge retailers to be selected on the basis of rigorous quality criteria, guaranteeing high professional standards both for sales in physical stores and through digital channels. This approach will help to further strengthen the prestige and notoriety that our products already boast on the market.”