Covid-19 impact dents SMCP's Q2 sales, posts 45.8 percent drop

In the second quarter of 2020, consolidated sales at SMCP, parent company of Sadro, Maje, Claudie Pierlot, reached 144.1 million euros (169.2 million dollars), down 47 percent on an organic basis. The company said in a statement that reported sales were down 45.8 percent, including a neutral currency impact and De Fursac’s contribution of positive 1.2 percent, while e-commerce revenues increased by 32 percent. The company added that over the first six months, consolidated sales stood at 372.8 million euros (437.9 million dollars), down 33.5 percent on an organic basis, including a like-for-like sales performance of negative 37.6 percent. Overall, reported sales decreased by 31 percent, including a positive currency impact of 0.3 percent and a positive contribution of 2.2 percent from De Fursac.