MILAN — As it built its galaxy of brands, furnishings, lighting and contract group Dexelance posted a net loss in the first half of 2025. The owner of upscale Italian furniture and lighting brands like Gervasoni, Saba and Davide Groppi posted a net loss of 7.8 million euros, compared to a net profit of 1 million euros in the first half of 2024.

Sales, however, inched up 2.5 percent to 154.8 million euros in the six-month period ended June 30. Its net bank position was 17.1 million euros in the same period.

Growth was driven by its luxury contract segment, which was up 14.7 percent year-on-year. Its luxury contract business, composed of Cenacchi International and Modar luxury contract business, has been a main catalyst for sales for several quarters.

The firm’s earnings befo

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