PQ: Net income up 11.2% to €12.9M as direct and digital sales offset wholesale declines

Revenues declined 1.7% to €180.5 million, but net income rose 11.2% to €12.9 million, driven by Lancel's turnaround and lower taxes. Direct and digital channels grew, offsetting wholesale declines, and the Group maintained strong cash flow and continued investments in retail and sustainability.

Original document:

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.