sadro news and archive

SMCP posts sales recovery over Q2, plans to grow China business

SMCP In the third quarter of 2020, consolidated sales at SMCP, parent company of Sadro, Maje, Claudie Pierlot reached 248.4 million euros, down 10.6 percent on an organic basis. Reported sales were down 9.5 percent, including a negative currency impact of 1 percent mostly in Americas and APAC, while De Fursac’s contributed positively at 2...

Management

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...