Serge Ferrari Group (SEFER) Q3 2025 TU earnings summary

Executive summary

• Revenue for the first nine months of 2025 reached €259.3 million, up 11.3% year-over-year at constant scope and exchange rates.

• Third quarter 2025 revenue was €80.6 million, an increase of 12.5% at constant scope and exchange rates compared to Q3 2024.

• Growth was driven by a favorable product mix, price increases, and strong performance in the Americas.

Financial highlights

• Revenue for the first three quarters grew 10.9% at current scope and exchange rates compared to the same period in 2024.

• Q3 2025 revenue rose 11.6% at current scope and exchange rates year-over-year.

• Mix/price effect contributed +22.2% to Q3 growth, while volume effect was -9.7% and currency effect -0.9%.

Outlook and guidance

• Management remains cautious due to ongoing market uncertainties but aims to maintain positive momentum through product offering and agility.

• Full-year 2025 revenue and results will be published in January and March 2026, respectively.