2019 adjusted profit drops at Safilo, revenues up 3.1 percent

Safilo said that it closed 2019 with the net sales at 939 million euros (1,060.4 million dollars), up 3.1 percent at current exchange and 0.9 percent at constant exchange rates. In the fourth quarter, Safilo’s net sales equalled to 230.4 million euros (260.2 million dollars), down 2.8 percent at current exchange and 4.3 percent at constant exchange rates due to expected decline of the business related to the supply agreement with Kering.