SMCP: annual targets lowered
The accessible luxury group is now targeting mid-single-digit sales growth at constant exchange rates, compared with 'mid-to-high single-digit growth' previously.
In terms of profitability, SMCP anticipates an adjusted EBIT margin of between 7% and 9%, compared with 'an improvement in its adjusted EBIT margin compared with 2022', or 9.2% of sales, previously.
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