Revenues declined by 30%, dropping from €126M in 2023 to €88M in 2024. The year was marked by challenges and transitions, including macroeconomic uncertainties and logistical disruptions. EMEA (-35% vs last year) is the most affected region, followed by Greater China (-27%) and North America (-17%). Wholesale channel experienced the greatest impact (-44%), primarily due to the transition to a new logistics partner, which caused delays in product deliveries.
In 2025, the company will celebrate its 75th anniversary with a brand push. The focus of the year will be on optimizing product assortment and channel distributions.
The reported figures are unaudited.