SMCP S.A.S. Reports Sales Results for the Fourth Quarter and Full Year of 2017
January 30, 2018 at 12:18 pm EST
SMCP S.A.S. reported sales results for the fourth quarter and full year of 2017. For the fourth quarter, sales reached EUR 256 million, up 14.1%. This strong performance was achieved due to a very dynamic performance over the holiday season and despite tough market conditions in October. Exchange rates had a similar impact in fourth quarter than in the previous quarter and growth at constant currency reached 16.8%.
Sales growth in fiscal year 2017 increased 16.0% to EUR 912 million (up 17.5% at constant currency) above the 2017 EUR 900 million objective. Another year of strong balanced growth driven by store openings and like-for-like growth increased 7.8%. 2017 sales growth driven by all regions and brands.