Piquadro S.p.aMIL: PQ

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

· Issued by Piquadro S.p.a

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.

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