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Piquadro (PQ) investor relations material
Piquadro Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated turnover for Q1 2026/2027 was €35.3 million, down 4.1% year-over-year.
Net financial position as of June 30, 2026, was negative €41.3 million, including IFRS 16 effects.
Adjusted net financial position (excluding IFRS 16) was positive at €16.3 million.
Direct channels (retail and e-commerce) showed growth, while wholesale declined due to selective distribution strategy.
Financial highlights
Q1 consolidated turnover: €35.3 million, down from €36.8 million in Q1 2025/2026.
Net financial position: negative €41.3 million (vs. negative €44.5 million a year earlier).
Adjusted net financial position: positive €16.3 million, up from €7.9 million a year earlier.
Positive free cash flow of €10.6 million, €7.8 million release of net working capital, and €2.6 million from settlement of Richemont liability.
Outlook and guidance
Management expects a return to revenue growth in the current financial year, supported by positive order intake and strong direct channel performance.
Financial solidity confirmed by positive cash flows and robust cash generation.
- Net profit up 11.2% to €12.9m despite 1.7% revenue drop, with strong retail and e-commerce growth.PQ
H2 25/26 - Revenue up 1.7% to €136.8M, with improved adjusted net financial position at €15.2M.PQ
Q3 25/26 - Net profit surged 61.9% on 2.7% revenue growth, driven by Piquadro and The Bridge brands.PQ
H2 23/24 - Revenue up 1.9%, net profit up 10%, Lancel profitable, outlook positive.PQ
H2 24/25 - Net profit rose 20.1% to €5.0 million on 2.1% higher sales, led by Lancel retail gains.PQ
H1 24/25 - EBITDA rose 8.2% and net profit 3.1% as direct sales and brand strength offset wholesale declines.PQ
H1 25/26
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