BasicNet 9m 2026 slides: direct sales surge 30% as debt rises

BasicNet (BIT:BNSP) released its nine-month 2026 results on October 21 in Turin, painting a picture of a company undergoing change. The Italian sportswear group reported consolidated revenues of €369.0 million, marking a 21.6% increase year-over-year. However, this growth was tempered by a 4.7% decline in EBITDA to €38.0 million on a pro-forma basis.

The company's debt levels and net financial position with banks also worsened, with the latter reaching negative €174.2 million. Despite these challenges, management highlighted direct sales as a growth driver, noting that they surged 29.6% year-over-year to €327.4 million. This shift toward direct distribution has significantly impacted the company's revenue composition, with direct sales now accounting for 89% of consolidated revenues.