Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €6.97, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 16% over the past three years. Reported Earnings • Jul 30
First half 2026 earnings released: EPS: €0.21 (vs €0.14 in 1H 2025) First half 2026 results: EPS: €0.21 (up from €0.14 in 1H 2025). Revenue: €597.0m (flat on 1H 2025). Net income: €16.8m (up 53% from 1H 2025). Profit margin: 2.8% (up from 1.8% in 1H 2025). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Ankündigung • May 06
SMCP S.A. Announces Executive and Committee Changes SMCP announced the appointment of Linda Li as President and CEO for North America. She will succeed Ida Simonsen, who has decided to pursue new opportunities, and whom the Group warmly thanks for her contribution to the development of its North American operations over the past years. Linda Li will join the Group’s Executive Committee. Prior to joining SMCP, Linda Li served as Managing Director & President of COS North America, where she successfully led the region’s omnichannel development and commercial performance. She previously spent many years within H&M Group in the Americas, holding several senior positions including Head of Marketing & Communications and Head of E-Commerce. She began her career at the Boston Consulting Group. Linda Li graduated from Harvard College and Harvard Business School. Buy Or Sell Opportunity • Apr 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.4% to €5.72. The fair value is estimated to be €7.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 33% per annum over the same time period. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. Independent Director Atalay Atasu was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Mar 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to €5.16. The fair value is estimated to be €6.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Buy Or Sell Opportunity • Mar 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to €5.71. The fair value is estimated to be €7.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. New Risk • Mar 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: €0.21 (vs €0.31 loss in FY 2024) Full year 2025 results: EPS: €0.21 (up from €0.31 loss in FY 2024). Revenue: €1.22b (flat on FY 2024). Net income: €16.6m (up €40.2m from FY 2024). Profit margin: 1.4% (up from net loss in FY 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Ankündigung • Oct 23
SMCP S.A. to Report Fiscal Year 2025 Results on Feb 26, 2026 SMCP S.A. announced that they will report fiscal year 2025 results on Feb 26, 2026 Buy Or Sell Opportunity • Oct 13
Now 20% undervalued Over the last 90 days, the stock has risen 20% to €6.11. The fair value is estimated to be €7.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.3% in 2 years. Earnings are forecast to grow by 238% in the next 2 years. Buy Or Sell Opportunity • Sep 08
Now 20% undervalued Over the last 90 days, the stock has risen 58% to €5.99. The fair value is estimated to be €7.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.2% in 2 years. Earnings are forecast to grow by 238% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €5.99, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 5.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.40 per share. Reported Earnings • Jul 31
First half 2025 earnings released: EPS: €0.14 (vs €0.37 loss in 1H 2024) First half 2025 results: EPS: €0.14 (up from €0.37 loss in 1H 2024). Revenue: €601.1m (up 2.7% from 1H 2024). Net income: €11.0m (up €38.7m from 1H 2024). Profit margin: 1.8% (up from net loss in 1H 2024). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. New Risk • Jul 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Buy Or Sell Opportunity • May 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.5% to €3.81. The fair value is estimated to be €3.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Meanwhile, the company became loss making. Ankündigung • May 06
SMCP S.A., Annual General Meeting, Jun 12, 2025 SMCP S.A., Annual General Meeting, Jun 12, 2025. Location: 2 rue de marengo, paris France Ankündigung • Apr 29
SMCP S.A. to Report First Half, 2025 Results on Jul 29, 2025 SMCP S.A. announced that they will report first half, 2025 results on Jul 29, 2025 Reported Earnings • Apr 23
Full year 2024 earnings released: €0.31 loss per share (vs €0.15 profit in FY 2023) Full year 2024 results: €0.31 loss per share (down from €0.15 profit in FY 2023). Revenue: €1.21b (down 1.5% from FY 2023). Net loss: €23.6m (down 311% from profit in FY 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Full year 2024 earnings released: €0.31 loss per share (vs €0.15 profit in FY 2023) Full year 2024 results: €0.31 loss per share (down from €0.15 profit in FY 2023). Revenue: €1.21b (down 1.5% from FY 2023). Net loss: €23.6m (down 311% from profit in FY 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jan 15
Now 22% undervalued Over the last 90 days, the stock has risen 18% to €3.09. The fair value is estimated to be €3.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company became loss making. Ankündigung • Oct 29
SMCP S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025 SMCP S.A. announced that they will report fiscal year 2024 results on Feb 27, 2025 Ankündigung • Oct 02
SMCP Group Announces Executive Changes SMCP Group announced the appointment of Ida Simonsen as President and CEO for North America. She will succeed to Paul Griffin who decided to pursue his career outside the Group. Ida Simonsen brings a wealth of experience to her new role. Most recently, she served as President of the Americas for Stella McCartney for over 12 years, where she played a crucial role in expanding its retail and wholesale presence across the United States, Canada, and Mexico. During her tenure, Ida guided Stella McCartney through significant transitions, including its change of shareholder from Kering to LVMH, and expanded the brand’s retail network in the Americas. Prior to her time at Stella McCartney, Ida held leadership positions at Marni, further enhancing her deep knowledge of the US market and the global fashion industry. Buy Or Sell Opportunity • Aug 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to €2.07. The fair value is estimated to be €2.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jul 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 29
First half 2024 earnings released: €0.37 loss per share (vs €0.19 profit in 1H 2023) First half 2024 results: €0.37 loss per share (down from €0.19 profit in 1H 2023). Revenue: €585.3m (down 4.0% from 1H 2023). Net loss: €27.7m (down 298% from profit in 1H 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.35, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.96 per share. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to €1.85, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 72% over the past three years. New Risk • May 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Ankündigung • Apr 26
SMCP S.A., Annual General Meeting, Jun 06, 2024 SMCP S.A., Annual General Meeting, Jun 06, 2024. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €2.30, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.33 per share. New Risk • Mar 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Feb 29
Full year 2023 earnings released Full year 2023 results: Revenue: €1.23b (up 2.0% from FY 2022). Net income: €11.2m (down 78% from FY 2022). Profit margin: 0.9% (down from 4.3% in FY 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialty Retail industry in the United Kingdom. Buy Or Sell Opportunity • Feb 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to €2.86. The fair value is estimated to be €3.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Buy Or Sell Opportunity • Feb 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to €2.71. The fair value is estimated to be €3.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Ankündigung • Jan 27
SMCP S.A. Revises Earnings Guidance for the Fourth Quarter of 2023 SMCP S.A. revised earnings guidance for the fourth quarter of 2023. In the fourth quarter of 2023, Group sales remained stable compared to 2022 at constant exchange rates, despite a macro-economic context that continued to deteriorate: heightened geopolitical tensions, weak household consumption and persistent inflation. The good resilience of the Group in the United States offset a difficult month of December in Europe (particularly in France) and a less dynamic month than expected in China. Despite those headwinds, the Group decided to maintain a very strict discount policy. Taking these elements into account, the company expects a performance slightly below previous announcement: sales around €1.230 million, that is a growth at constant FX of +3.8% versus 2022 (previously “mid-single digit growth”). Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.90 per share. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.97, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.75 per share. Ankündigung • Sep 19
SMCP S.A. Revises Earnings Guidance for the Fiscal Year 2023 SMCP S.A. revised earnings guidance for the fiscal year 2023. for the year, the company expects a mid-single digit growth of sales at constant FX vs 2022 against mid- to high- single digit sales growth at constant FX vs 2022 expected previously. Buying Opportunity • Sep 19
Now 39% undervalued after recent price drop Over the last 90 days, the stock is down 51%. The fair value is estimated to be €6.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 60% in the next 2 years. Ankündigung • Sep 19
SMCP S.A. Provides Revenue Guidance for the Third Quarter, Fourth Quarter and Second Half of 2023 SMCP S.A. provided revenue guidance for the third quarter, fourth quarter and second half of 2023. for the third quarter, the company expects sales to be stable or slightly decreasing.For the fourth quarter, the company expects more in line with the trend seen in the first semester, benefiting in particular from a favorable base effect in China.For the second, the company targets a moderate growth in sales compared to 2022. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to €6.19, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.28 per share. Reported Earnings • Jul 29
First half 2023 earnings released: EPS: €0.19 (vs €0.28 in 1H 2022) First half 2023 results: EPS: €0.19 (down from €0.28 in 1H 2022). Revenue: €609.8m (up 7.9% from 1H 2022). Net income: €14.0m (down 32% from 1H 2022). Profit margin: 2.3% (down from 3.7% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 28
Now 29% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be €9.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 82% in the next 2 years. Buying Opportunity • May 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.8%. The fair value is estimated to be €9.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Ankündigung • May 10
SMCP group Appoints Jérémie Le Febvre as CEO of Fursac, Effective 15 May 2023 SMCP group announced the appointment of Jérémie Le Febvre as CEO of Fursac, effective 15 May 2023. In this role, he will also join the SMCP Executive Committee. Jérémie Le Febvre, 40, is taking over as CEO of Fursac after several years in key positions in the fashion industry. Before joining the group, he managed A-COLD-WALL alongside its Artistic Director. Prior to that, he worked on several brands and notably AMI, at a key moment of its development, alongside the founding Artistic Director and the CEO. During this experience, he co-managed a multidisciplinary and global team that allowed him to put his leadership skills at the service of an ambitious creative environment, and to build a strong sensitivity for the world of men's fashion and the product. A graduate of HEC and holder of a Master's degree in International Corporate and Tax Law, Jérémie spent the first 10 years of his career in key positions in the financial industry. Buying Opportunity • Apr 06
Now 21% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be €9.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Buying Opportunity • Mar 13
Now 21% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be €10.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Reported Earnings • Mar 03
Full year 2022 earnings released Full year 2022 results: Revenue: €1.21b (up 16% from FY 2021). Net income: €51.3m (up 117% from FY 2021). Profit margin: 4.3% (up from 2.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.28, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.63 per share. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Christophe Chenut was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 03
First half 2022 earnings released: EPS: €0.28 (vs €0.008 in 1H 2021) First half 2022 results: EPS: €0.28 (up from €0.008 in 1H 2021). Revenue: €565.4m (up 25% from 1H 2021). Net income: €20.7m (up €20.1m from 1H 2021). Profit margin: 3.7% (up from 0.1% in 1H 2021). Over the next year, revenue is forecast to grow 4.7%, compared to a 8.5% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €5.45, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.72 per share. Buying Opportunity • Apr 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €7.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 16% share price gain to €7.21, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.44 per share. Reported Earnings • Mar 10
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €1.04b (up 19% from FY 2020). Net income: €23.6m (up €125.8m from FY 2020). Profit margin: 2.3% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.6%, compared to a 12% growth forecast for the retail industry in the United Kingdom. Reported Earnings • Sep 04
First half 2021 earnings released: EPS €0.01 (vs €1.20 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €453.3m (up 22% from 1H 2020). Net income: €600.0k (up €89.1m from 1H 2020). Profit margin: 0.1% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Reported Earnings • May 13
Full year 2020 earnings released: €1.38 loss per share (vs €0.59 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €873.0m (down 23% from FY 2019). Net loss: €102.2m (down 334% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 27
Full year 2020 earnings released: €1.38 loss per share (vs €0.59 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €873.0m (down 23% from FY 2019). Net loss: €102.2m (down 334% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 03
New 90-day high: €5.68 The company is up 5.0% from its price of €5.42 on 03 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.97 per share. Is New 90 Day High Low • Nov 16
New 90-day high: €4.47 The company is up 14% from its price of €3.92 on 18 August 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.29 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €3.23 The company is down 11% from its price of €3.64 on 31 July 2020. The British market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.67 per share. Is New 90 Day High Low • Sep 25
New 90-day low: €3.52 The company is down 20% from its price of €4.42 on 26 June 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.74 per share. 
