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Safilo's H1 sales decline but profit improves

First half net sales at Safilo Group of 532 million euros, declined 2.4 percent at constant exchange and 3.3 percent at current exchange rates reflecting a sales reduction resulting from the exit of Jimmy Choo, which offset a slight growth by the rest of the portfolio. The company further said that adjusted operating result amounted to 37.6...

BusinessFeatured

Safilo posts strong improvement in sales and profitability

In the second quarter of 2021, Safilo’s net sales of 259.4 million euros increased 137.1 percent at constant exchange rates and 126.6 percent at current exchange rates. The company said in a statement that the significant year-on-year rebound translated into a sequential top line acceleration of 9.4 percent at constant exchange rates and 4.3...

BusinessFeatured

Safilo's Q1 sales improve 20 percent

In the first quarter of 2021, Safilo posted total net sales of 251.4 million euros, up 20 percent at constant exchange and 13.7 percent at current exchange rates. The company said that the positive sales performance reflected the strong recovery recorded by the group across the brands portfolio, from the strong growth of its own brands Smith and...

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Safilo posts sales rise in Q3, returns to profitability

In the third quarter, net sales at Safilo Group S.p.A. reached 219.1 million euros, growing by 3 percent at current exchange rates and 6 percent at constant exchange rates led by the significant rebound experienced by the wholesale market in North America, and the full-quarter contribution deriving from the recent acquisitions of Blenders...

Business

Safilo expects to report rise in Q3 sales

Safilo has announced that based on the business rebound recorded in July, its performance in August and preliminary data for the month of September – the Group’s management expects total net sales including acquisitions for the third quarter to grow mid-single digit at constant exchange rates compared to the same quarter of the previous year....

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Safilo revenues halve in Q2, posts loss

In the second quarter of 2020, Safilo S.p.A. posted total net sales of 114.5 million euros, down 54 percent at current exchange rates and 53.7 percent at constant exchange rates with wholesale business down 55.2 percent. In the first half, group’s net sales equalled 335.6 million euros, down 32.3 percent at current exchange rates and 32.7...

Business

Safilo expects to report 11 to 13 percent drop in Q1 sales

Safilo Group S.p.A. has announced that the extraordinary circumstances after Covid-19 outbreak are having direct and indirect repercussions on the company’s economic activity, resulting in negative effects for the group’s sales and earnings performance which are today impossible to predict for the full year. As a consequence, the company has...

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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...

Business

Safilo posts 3.1 percent turnover growth in 2019

For the financial year ended December 31, 2019, Safilo group said preliminary net sales of the continuing operations equalled 939 million euros (1,034.3 million dollars), up 3.1 percent at current exchange and 0.9 percent at constant exchange rates. The company said in a statement that on a preliminary basis and pre-IFRS 16, Safilo confirms an...

Fashion Featured

Safilo lowers 2020 targets, to cut 700 jobs in Italy

Safilo Group S.p.A. expects to close the 2019 fiscal year with the net sales of the continuing operations substantially stable compared to 2018, while the wholesale business is estimated to grow by approximately 3 percent at constant exchange rates, reflecting the positive performance achieved by the group’s own core brands, Carrera, Polaroid...

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Safilo posts flat sales growth in the third quarter

Safilo Group S.p.A. closed the first 9 months of 2019 with the net sales of the continuing operations at 708.7 million euros (780.5 million dollars), up 5.2 percent at current exchange and 2.7 percent at constant exchange rates. In the 3rd quarter, the company’s net sales of the continuing operations were 212.8 million euros (234.4 million...