Safilo grows 6.5% and increases sales in H1
The Italian optic giant has registered low results with a drop of 246.7 million euros (273.9 million dollars), affected by the IFRS 16 leases.
Safilo at a double speed in the middle of its fiscal year. The Italian optic giant has closed its first half with drops of 246.7 million euros (273.9 million dollars), 49% more than in 2017, affected by the IFRS 16 leases norm.
Sales for the company, on the other hand have increased during the period, with a rise of 6.48%, up to 495.9 million euros (550.6 million dollars). Safilo’s ebitda rose 5.9% in the semester ended 30th of June, up to 29.2 million euros (32,4 million dollars).
By regions, Asia Pacific was the one with the best performance, with a rise of 33.7%. In Europe and North America, the revenue rised 2.6% and 7.8%, respectively.
Validation policy for comments:
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.