Leading Belgian shoe firm Brantano on Tuesday posted a steep fall in first half profits amid losses at its Dutch operations and slashed its outlook for the year.

The company saw its profits for the first six months of this year plunge 52.1 per cent to 2.7 million euros from 5.7 million euros in the year-ago period due to a poor performance by its Dutch unit.

Brantano, which operates around 260 stores in countries such as the UK, Denmark and Holland, said it now plans to bring its restructured Dutch operations under its Belgian management to cut costs and boost results.

It also cut its expected earnings before interest and tax to 14 million euros from its original guidance of 17 million euros and revealed Dutch same-store sales fell more than 10 per cent in the first half.