S.T. Dupont: 1.8% Decline in Half-Year Revenue
S.T. Dupont reports a 1.8% decrease in revenue for the first half of fiscal year 2025-2026, influenced by unfavorable exchange rate effects.
Financial Performance Overview
According to the semi-annual report, S.T. Dupont recorded a decrease in gross margin of 1.8 million euros, a reduction of 6 points. The company attributes this decline to unfavorable exchange rate effects, an unfavorable product mix, and discounts on inventory. Operating income decreased by 2.3 million euros, influenced by an increase in communication expenses of 0.6 million euros. The net result stands at -1.2 million euros, down 2.6 million euros compared to last year.
Revenue Analysis by Region and Sector
The group's net revenue decreased by 1.8%, affected by an unfavorable exchange rate impact. In France, revenue fell by 10%, mainly due to an 83% decrease in the Business to Business channel. The retail sector remains dynamic with an increase of 19%. Revenue in Europe, excluding France, shows mixed results with a notable growth of 12% in the DACH region, while Italy and Spain recorded declines. Hong Kong reported an 18% decrease, whereas China showed positive dynamics with the opening of new sales outlets.
Cash Flow and Financial Position
As of September 30, 2025, operational cash flows amounted to -2.1 million euros, impacted by an unfavorable seasonal variation in working capital requirements. Investment cash flows are negative but have improved compared to the previous year, reaching -0.5 million euros. Overall, net cash decreased by 3.8 million euros, moving from 9.0 million to 5.1 million euros at the end of the semester.
