Overview
- Fourth-quarter sales rose 9.8% at constant exchange rates to €4.09 billion, ahead of the 8.4% consensus.
- The Americas led regional gains with sales up 12.1%, while Japan advanced 11.2% at constant currency.
- Leather goods grew 14.6% organically in the quarter, as beauty and fragrance fell 14.6% in Q4 and declined 8% for 2025.
- Full-year revenue reached €16 billion, up 9% at constant exchange rates, with a €515 million currency hit leaving reported growth at 5.5%.
- Operating profit totaled €6.57 billion for a roughly 41% margin, and the company said it would pay a dividend of €18 per share.