January 29, 2020 / 7:00 AM / 23 days ago

French fashion SMCP confirms 2019 guidance after sales growth

FILE PHOTO: Men's clothes sit on coat hangers inside a Sandro luxury clothing store, operated by SMCP Group, in Paris, France, December 21, 2017. REUTERS/Benoit Tessier

PARIS (Reuters) - French fashion company SMCP (SMCP.PA) confirmed on Wednesday its 2019 guidance after posting an 8.7% growth in sales last year despite sharp market deterioration in Paris and Hong Kong.

The company, whose brands include Sandro and Claudie Pierlot, said in a statement its 2019 adjusted earnings before interest, tax, depreciation and amortization margin would be between 15.5% and 16%

Reporting by Sudip Kar-Gupta and Matthieu Protard; Editing by Muralikumar Anantharaman

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