Italy · Delayed Price · Currency is EUR BasicNet Earnings Call Transcripts
Fiscal Year 2026
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H1 saw 15% sales growth, driven by new acquisitions, but margins were pressured by EUR 7 million in one-off integration costs. Organic direct sales rose 9%, and e-commerce delivered double-digit growth. Management expects improved profitability and sourcing center acceleration in H2.
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Aggregate sales rose 11% and consolidated revenues grew over 35% year-over-year, driven by Woolrich and Sundek acquisitions. EBITDA increased more than 20%, with ongoing cost synergies and retail expansion supporting future profitability.
Fiscal Year 2025
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Fiscal 2025 saw steady revenues and improved net financial position, driven by major acquisitions and a strong start to 2025. K-Way and Sebago outperformed, while Superga lagged due to market trends. Woolrich and Sundek are expected to contribute positively to EBITDA in 2026.
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Revenues rose 2.5% year-over-year, with a strong Q3 recovery and record direct sales. K-Way and Sebago are expanding retail, while Kappa remains wholesale-focused. Premier's investment in K-Way and ongoing share buybacks highlight confidence in future growth.