Piquadro, 9-month revenues rise, sees record Ebitda and net income in full year

Piquadro closed the first nine months to Dec. 31 with consolidated revenues of 131.5 million euros, up 3.7 percent.

At constant exchange rates, growth was 4.8 percent, a note said.

"Compared to the pre-Covid period, the growth of the Piquadro group is solid (+9.1%) and the income dynamics lead us to estimate a very positive year with record Ebitda and net income for the group," comments president and CEO Marco Palmieri.

In Italy, the group recorded sales of 63.2 million in the nine months, accounting for 48.1 percent of consolidated sales, an increase of 9.8 percent over the same period in FY 2022/2023.

(Sabina Suzzi, editing Claudia Cristoferi)