Spartoo’s H1 revenue down 8.7%, debt falls

Translated by

Nicola Mira

Published

September 30, 2025

French footwear and apparel e-tailer Spartoo recorded adjusted revenue of €59.6 million in H1, down 8.7%. However, the group said it generated €5.7 million in operating cash flow over 12 months, while debt fell.

Spartoo

In H1, Spartoo’s sales in France decreased by 13.9%, down to €48.9 million, while its international business posted a 1.2% rise, at €34.5 million. Adjusted EBITDA was €1.3 million.

“Despite a continually troubled market environment, we managed to increase EBIT by €1.5 million, bringing it in positive territory, while reducing our net debt by more than 44% over the period,” said CEO Boris Saragaglia. “Our goal for fiscal year 2025 will be to continue to adapt to the current market context, in order to generate a positive free cash flow,” he added.

As of June 30, 2025, Spartoo’s debt stood at €6.8 million, a €5.4 million decrease compared to the value at the end of H1 2024. Spartoo has shifted its focus towards optimising investments and costs, and on reducing inventory, aiming to improve its profitability at a time when the apparel and footwear markets are facing strong headwinds.

In H1, Spartoo’s online range of footwear, apparel, handbags and accessories, featuring 1.6 million “unique items in Europe,” produced an average purchasing basket of €91 (excluding returns), up 2%.

TooPost, the logistics business through which Spartoo gives third parties the opportunity to take advantage of its shipping solutions, attracted 31 new e-merchants, generating a business volume of €9.6 million (up 3.2%).

Having closed down 22 stores, including 10 directly owned ones, Spartoo currently operates 43 physical stores, including 39 department store concessions.

Spartoo, which claims to have 1.4 million active customers, generated a business volume of €184.7 million (down 7.7%) and a revenue of €130.5 million in fiscal 2024.

Spartoo’s H1 revenue down 8.7%, debt falls

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