AS Silvano Fashion Group Reports Mixed Performance in First Nine Months of 2026
News related to:AS Silvano Fashion Group · 2 min read
AS Silvano Fashion Group reported a mixed performance for the first nine months of 2026, with some areas showing growth while others saw declines. The group's sales for the period amounted to 44,722 thousand EUR, marking a 0.8% increase from the same period in 2025. Notably, retail sales increased by 12.8% in local currency terms.
The gross profit for the first nine months of 2026 stood at 25,217 thousand EUR, up by 4.1% from the previous year. The gross margin for the period increased by 3.3% compared to the same period in 2025, while the cost of sold goods decreased by 3.2%. The consolidated operating profit for the first nine months of 2026 was 10,086 thousand EUR, a decrease of 1.7% from 10,258 thousand EUR in the same period of 2025. The operating profit margin for the period was 22.6%, down from 23.1% in the previous year.
Consolidated EBITDA for the first nine months of 2026 decreased by 0.2% to 12,790 thousand EUR, representing a margin of 28.6% compared to 12,810 thousand EUR and 28.9% in the same period of 2025. Reported consolidated net profit attributable to equity holders of the parent company for the first nine months of 2026 was 6,496 thousand EUR, a decline from 8,281 thousand EUR in the same period of 2025. The net profit margin for the period was 14.5%, down from 18.7% in the previous year.
The company's financial position as of September 30, 2026, showed an increase in assets to 98,164 thousand EUR, up by 4.6% from the position as of December 31, 2025. Trade and other receivables increased by 524 thousand EUR to 1,853 thousand EUR, while inventory decreased by 4,928 thousand EUR to 26,309 thousand EUR. Equity attributable to equity holders of the parent company increased by 5,570 thousand EUR to 82,338 thousand EUR. Current liabilities decreased by 2,316 thousand EUR during the first nine months of 2026.
Investments into property, plant, and equipment during the first nine months of 2026 totaled 164 thousand EUR, a significant drop from 562 thousand EUR in the same period of 2025. These investments were primarily focused on opening and renovating stores, as well as equipment and facilities to maintain effective production for future periods.
As of September 30, 2026, the company employed 1,561 employees, including 539 people in retail operations. This is a reduction from the 1,639 employees, including 552 in retail operations, as of December 31, 2025. Total salaries and related taxes during the first nine months of 2026 amounted to 12,844 thousand EUR, up from 11,648 thousand EUR in the same period of 2025. The remuneration of key management, including the key executives of all subsidiaries, was 1,052 thousand EUR.