The owner of brands such as Sandro and Maje saw its adjusted operating profit fall to €79.5 million, despite a 2.1% increase in sales to €1.23 billion.
In the fourth quarter, however, total sales fell by 1% on an organic basis, due in particular to a 6.7% decline in business in France, which accounted for 33.6% of SMCP's sales in 2023.
"Given the lack of visibility on the evolution of the consumer environment, the Group is not releasing a financial forecast for 2024," the company said.
(Written by Gaelle Sheehan; Mathias de Rozario, edited by Blandine Hénault)