Globe Newswire
SMCP – 2021 Q1 Sales
2021 First quarterPress release – Paris, April 27th, 2021 Strong performance in APACEurope still impacted by lockdowns and restrictive measuresEarly signs of recovery in the Americas Q1 2021 Sales: €223.9 million, down -2.1% as reported; -0.6% on an organic1 basisStrong performance in APAC (+64.6%1) driven by a double-digit growth in Mainland China: +92.6%1, and +26% vs. Q1 2019Lockdowns and restrictive measures continue to weigh on performance in EuropeEarly signs of a rebound in demand and traffic in the Americas, notably in the USDigital sales continue to grow strongly: +38.9%Expansion in Asia // Continued network optimization in France: -33 POS net closings (vs.-8 in Q1 2020)Focus maintained on tight cost and cash management Commenting on those results, Daniel Lalonde, CEO of SMCP, stated: “Over the quarter, our sales were affected by lockdown measures in Europe and Canada. In Asia, where the impact of the pandemic is far more limited, the positive trend continued throughout the first quarter, particularly in Mainland China (with a…
