Business
PQ: Net income up 11.2% to €12.9M as direct and digital sales offset wholesale declines
PQ: Net income up 11.2% to €12.9M as direct and digital sales offset wholesale declines
About this update from 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.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.