Piquadro (PQ) H2 24/25 earnings summary

Executive summary

• Consolidated net profit reached €11.6 million, up from €10.5 million in the prior year, with revenues rising 1.9% to €183.6 million.

• Dividend distribution of €7 million was approved, drawing from both annual profit and reserves.

• The Board of Directors and Board of Statutory Auditors are up for renewal, with new appointments and remuneration to be determined.

• KPMG S.p.A. is proposed as the new independent auditor for 2025/26–2033/34, replacing Deloitte.

Financial highlights

• Revenues: €183.6 million (+1.9% YoY); EBITDA: €31.4 million (down 1.9% YoY); EBIT: €16.4 million (+10.4% YoY).

• Net profit: €11.6 million (+10.0% YoY); Adjusted EBITDA: €19.3 million (flat YoY).

• Net Financial Position: negative €30.2 million (vs. negative €23.8 million prior year); Adjusted NFP: positive €12.9 million (vs. €16.8 million prior year).

• Shareholders’ equity: €68.8 million (up from €64.7 million).

• Dividend per share: €0.14832.

Outlook and guidance

• Management expects to achieve higher growth rates and improved profitability in the coming year, leveraging brand strength, R&D, and financial solidity.