Safilo witnesses business rebound, expects to break even in FY20

Safilo’s preliminary 2020 net sales equalled 780.3 million euros, down 15.2 percent at constant exchange rates and 16.9 percent at current exchange rates, due to the sharp decline suffered in the first half of the year following the severe lockdowns put in place by governments on a global scale to fight the Covid-19 pandemic. The company said, in the second semester of 2020, Safilo’s net sales grew by 4.5 percent at constant exchange rates, due to the business rebound recorded in the third quarter and the sales increase achieved by the group also in the fourth quarter, despite the negative impacts of the second pandemic wave.