H1 2026 Sales Decline Reported Amid Market Challenges
1 report, 1 independent
Updated Sep 1
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What happened
A press release detailed H1 2026 results, reporting that net sales reached €412.8m, which is a 7.1% decrease compared to the previous year. Performance contracted further in the second quarter at -9.8% compared to the first quarter's -4.5%, driven by constrained inventory levels and a reduction in promotional activities.
From manilatimes.net
Why it matters
The company reported a current EBIT of -€36.8m, despite achieving €15m in gross cost savings. The results reflect a subdued market environment and a continued effort to restore the balance sheet following a refinancing agreement.
From manilatimes.net
Who's involved
- AustriaMarket where international sales decline was noted