SMCP's outlook is 'increasingly plausible' after 'more than satisfying' FY, shares rise

Smcp SA

27/02/2026 08:43

** Shares in SMCP SMCP.PA rise 8% after the French fashion company posted better-than-expected FY operating profit and margin, reiterated 2026 guidance

** SMCP reports FY adjusted EBIT at 95 million euros ($112.25 million), against the expectations of 84 million euros cited by TP ICAP Midcap

** The broker deems the update "more than satisfying"

** It also notes "the other good news" comes from SMCP's FCF, and an unexpected strong working capital requirement contribution

** The company reiterates 2026 operating profit outlook

     ** "A hypothesis that we had not considered but which is becoming increasingly plausible," TP ICAP Midcap adds

** Shares are on track for their best day since August 2025 if gains hold

($1 = 0.8463 euros)

(Reporting by Olivier Cherfan)

((olivier.cherfan@thomsonreuters.com))