Smcp Sa · EURONEXT:SMCP
Smcp Sa — 9M 2026 Earnings Presentation
20 slides from Smcp Sa's earnings presentation, Oct 22, 2026
Slide 1: 2026 9M Sales
2026 9M SALES OCTOBER 22nd, 2026
Slide 2: Disclaimer
DISCLAIMER Certain information contained in this presentation includes projections and forecasts. These projections and forecasts are based on SMCP management's current views and assumptions. Such forward-looking statements are not guarantees of future performance of the Group. Actual results or per
Slide 3: Isabelle Guichot, CEO
ISABELLE GUICHOT CEO 2026 9M SALES PUBLICATION 3
Slide 4: Resilient 9M sales performance despite softer consumer demand in Q3
RESILIENT 9M SALES PERFORMANCE DESPITE SOFTER CONSUMER DEMAND IN Q3 9M solid organic growth in America and EMEA • France impacted by a challenging macroeconomic backdrop, particularly in Q3, and €888m OF SALES network perimeter effect -0.2% ORGANIC • Resilient sales trend in APAC • Consumption trend
Slide 5: Positive evolution of like-for-like and wholesale, partly offset by network evolution and FX
POSITIVE EVOLUTION OF LIKE-FOR-LIKE AND WHOLESALE, PARTLY OFFSET BY NETWORK EVOLUTION AND FX LFL +0.7% +6.9 +8.3 in m€ -17.7 * -4.5 896 888 893 Organic -0.2% 2025 9M Comparable Network Evolution Wholesale 2026 9M excl FX FX impact 2026 9M Contribution +0.8% -2.0% +0.9% -0.5% to growth * Mostly Saks
Slide 6: Growth remains robust in America and EMEA, revenue is stable in APAC
GROWTH REMAINS ROBUST IN AMERICA AND EMEA, REVENUE IS STABLE IN APAC 2026 9M sales organic growth by region EMEA France America APAC ORGANIC +5% -10% +9% +0% LFL +2% -5% +10% +2% Sales breakdown By region By Brand By channel Other brands APAC Wholesale 11% 15% EMEA 12% Sandro 37% 50% America 17% Maj
Slide 7: Brand desirability - Sandro SS27 collection presentation
BRAND DESIRABILITY - SANDRO SS27 COLLECTION PRESENTATION Cité de l’Architecture et du Patrimoine, Paris 2026 9M SALES PUBLICATION 7
Slide 8: Brand desirability - Maje SS27 collection presentation
BRAND DESIRABILITY - MAJE SS27 COLLECTION PRESENTATION Carnavalet Museum, Paris 2026 9M SALES PUBLICATION 8
Slide 9: Brand desirability - Sandro and Maje collections' animation
BRAND DESIRABILITY - SANDRO AND MAJE COLLECTIONS’ ANIMATION Sandro FW26 Beijing branding event Maje x Céline Dion capsule Xishiyi Art Space Céline Dion & René-Charles Pop-up at Galeries Lafayette, Paris 2026 9M SALES PUBLICATION 9
Slide 10: Brand desirability - Sandro and Maje accessories focus
BRAND DESIRABILITY - SANDRO AND MAJE ACCESSORIES FOCUS Light Wave sneakers Milpli bag 2026 9M SALES PUBLICATION 10
Slide 11: Brand desirability - Claudie Pierlot and Fursac collections' animation
BRAND DESIRABILITY – CLAUDIE PIERLOT AND FURSAC COLLECTIONS’ ANIMATION Claudie SS27 collection presentation Fursac – Official Menswear Partner of Ligue 1+ Rue des Francs Bourgeois, Paris Guillaume Hoarau and colleagues Smaïl Bouabdellah 2026 9M SALES PUBLICATION 11
Slide 12: Q3 partners openings
Q3 PARTNERS OPENINGS Yerevan, Armenia Mall of Egypt, Cairo, Egypt 2026 9M SALES PUBLICATION 12
Slide 13: Patricia Huyghues Despointes, CFO
PATRICIA HUYGHUES DESPOINTES CFO 2026 9M SALES PUBLICATION 13
Slide 14: EMEA continues to deliver strong performance while France remains under pressure
EMEA CONTINUES TO DELIVER STRONG PERFORMANCE WHILE FRANCE REMAINS UNDER PRESSURE 2026 sales by quarter • 9M sales increase by +5.5% vs last year, despite a strong basis of comparison especially in EMEA Q3 Organic +5% +9% +2% €331m • Resilient Q3 in a softer consumer environment, supported by positiv
Slide 15: Strong LFL dynamic in America while APAC is impacted by softer demand in mainland China
STRONG LFL DYNAMIC IN AMERICA WHILE APAC IS IMPACTED BY SOFTER DEMAND IN MAINLAND CHINA IN Q3 • 9M sales increase by +8.6%; strict full-price strategy maintained, with a three-point 2026 sales by quarter AMERICA reduction in the average discount rate +12% Organic +10% +4% €147m • Q3 growth supported
Slide 16: Conclusion
CONCLUSION 9M 2026 • Resilient organic performance across most regions despite a softer consumer environment • Continued full-price strategy discipline, with lower discount levels across all regions, supporting desirability and profitability • Challenging trading conditions in France partly offset b
Slide 17: Q&A
2026 9M SALES OCTOBER 22nd, 2026 Q&A
Slide 18: Appendix
APPENDIX 2026 9M SALES PUBLICATION 18
Slide 19: Quarterly net sales by region and by brand
QUARTERLY NET SALES BY REGION AND BY BRAND Organic sales growth: at constant currency & scope 2026 9M SALES PUBLICATION Other brands: Claudie Pierlot and Fursac 19
Slide 20: Breakdown of POS
BREAKDOWN OF POS Directly operated stores Var Q3 26 Var Q3 26 vs Number of DOS Q3-25 2025 Q1-26 H1-26 Q3-26 vs H1 26 FY 25 By region France 450 424 423 414 412 -2 -12 EMEA 396 396 394 400 398 -2 +2 America 168 168 160 162 162 - -6 APAC 240 239 226 218 221 +3 -18 By brand Sandro 550 539 528 519 525 +