Milan, Italy-based BasicNet S.p.A., the parent of Briko, K-Way, Kappa, Robe di Kappa, Sebago, Sundek, Superga, Woolrich Europe,  reported aggregate sales of Group brands by the global network, which includes sales by licensees, increased 11.3 percent year-over-year (y/y) to €299.1 million, compared to €268.8 million in the first quarter of 2025.

Sales for the Quarter are comprised of:

  • Commercial Licensees and Direct Sales, which increased 19.0 percent y/y to €241.8 million.
    • Europe sales jumped 25.6 percent y/y to €201.2 million for the period.
    • Asia and Oceania increased 4.7 percent y/y.
    • Middle East and Africa declined 5.5 percent y/y
    • The Americas contracted 18.1 percent y/y.
  • Productive Licensees Sales declined 12.6 percent to €57.3 million.

Consolidated revenues, which includes Direct Sales and Royalties from the licensees described above, amounted to €132.8 million, representing a 35.1 percent increase from €98.3 million in Q1 2025:

  • Direct Sales jumped 45.0 percent to €118.8 million, compared to €81.9 million in the 2025 period. This number benefited from the contribution of the Woolrich and Sundek brands, acquired in December 2025;
  • Royalties from Commercial and Productive Licensees fell 14.2 percent to €13.8 million from €16.1 million in the 2025 first quarter.

Part of the reduction in Productive Licensees Sales and the resulting royalties was said to be due to the launch of direct distribution in certain markets that were operated by third-party licensees in the first quarter 2025, resulting in the reclassification of a portion of revenues from Royalties to Direct Sales.

EBITDA was €15.4 million in Q1, up 21.1 percent from the Q1 2025 pro-forma figure, “confirming the Group’s strong operating performance.”

EBIT amounted to €5.6 million in the quarter, compared to €7.6 million in the first quarter of 2025 on a pro-forma basis, after recording depreciation and amortization of tangible and intangible assets for €3.6 million and rights-of-use asset depreciation for €6.2 million, which decreased due to new store openings as part of retail network expansion and the integration of recently acquired Brands, and whose full contribution is expected upon completion of the integration process.

The company noted that the figures for the previous year are presented on a pro-forma basis, excluding the extraordinary costs related to the sale of the 40 percent stake in K-Way S.p.A. Revenues for the year include the contribution of Woolrich Europe and Sundek which are not present in the comparative period.

Outlook
In a market marked by geopolitical and macroeconomic uncertainty, the Group confirmed its growth trajectory, focused on sustainable medium to long-term development through brand enhancement, expansion of the distribution network, and continued investments in communication and the retail channel.

The contribution of newly acquired brands and the strengthening of the Group’s Direct presence represent key drivers for long-term value creation.

Image courtesy Woolrich Europe