At constant exchange rates, sales rose 16 percent and, excluding the recently acquired Versace, they rose 5 percent. Group net profit fell 15.2 percent to 327 million euros, compared with 386 million euros in the first half of 2025. Sales by GeographiesIn the first half, group sales in the Americas jumped 30 percent to 572 million euros. Miu Miu posted robust growth throughout the period. After a dividend payment of 403 million euros and capital expenditure of 247 million euros, net debt stood at 693 million euros compared with a positive net cash position of 352 million euros last year.