French fashion company SMCP Q3 sales rise, reiterates 2021 target

Smcp SA

27/10/2021 06:42

PARIS, Oct 27 (Reuters) - French fashion company SMCP
 SMCP.PA , whose brands include Sandro and Maje, said on
Wednesday that its third-quarter sales had risen from a year
ago, albeit still slightly below the pre-pandemic levels of
2019.
    It also said it was confident of reaching its overall target
of 1 billion euros ($1.2 billion) in sales for 2021.
    SMCP's third-quarter sales rose to 271.7 million euros, from
248.4 million euros a year earlier.
    "Looking forward, after having observed a positive dynamic
across all markets during the first weeks of October, we are
confident in our capacity to reach 1 billion euros in full-year
2021 sales," SMCP CEO Isabelle Guichot said.
    ($1 = 0.8593 euros)

 (Reporting by Sudip Kar-Gupta; Editing by Himani Sarkar)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))