By  on March 21, 2018

PARIS — SMCP announced core profits for 2017 and guidance for 2018 that trumped analysts’ forecasts.

The parent company of Sandro, Maje and Claudie Pierlot said on Wednesday that its earnings before interest, tax, debt and amortization last year reached 153.7 million euros, up 18.6 percent versus 2016, buoyed by its Asian and digital businesses. Adjusted EBITDA margin gained 3 percentage points to hit 16.8 percent.

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