The Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands suffered a 31 percent decline in H1 net profit to €7.4 million as aggregate group brands revenues reached €558.3 million for the six months ended June 30. Ebitda was €22.6 million versus €22.4 million.
Commercial licensee and direct sales inched up 0.7 percent to €396.2 million from €393.5 million, with Europe (+12.5%) the only region with higher year-over-year sales at €279.6 million. Sales in the Americas were down 25 percent to €44.8 million, off 17.4 percent in Asia/Oceania to €28.9 million, and down by 7.1 percent in the Middle East/Africa to €42.9 million. Productive licensee sales fell by 7.0 percent to €162.1 million.
Consolidated revenues rose by 10.9 percent to €180.0 million. The total includes a 15.5 percent jump in direct sales to €146.6 million, helped by a contribution from K-Way France. Royalties from commercial and productive licensees fell by 6 percent to €32.7 million.
