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The global fashion business journal

Dec 7, 20195:23pm

Safilo’s sales grow 2.2% fueled by Europe

The Italian eyewear group has registered a revenue of 212.8 million euros in the third quarter of its fiscal year.

Nov 13, 2019 — 6:06pm
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Safilo’s sales grow 2.2% fueled by Europe

 

 

Safilo keeps up the pace. The Italian eyewear group has ended the third quarter of its fiscal year with a revenue of 212.8 million euros, up 2.2% from the same period the previous year, at current exchange rates.

 

 On a pre-IFRS 16 basis, in the third quarter of 2019 the Ebitda equaled 9.7 million euros, with a margin on sales of 4.6%. This performance compared to 13.7 million euros recorded in the same quarter of 2018, a result which however included the income of Euro 9.8 million for the early termination of the Gucci license.

 

Group sales have been boosted by developments in Europe, where Safilo’s revenues have risen 44.9%. In North America and Asia Pacific, on the other hand, the evolution has been 37.6% up and 8.2%, respectively.

 

“In the third quarter of the year, we continued the improvement of our results, working with determination on those priorities aimed at enhancing our Group’s assets, in particular strengthening our commercial capabilities and enhancing our digital agenda, two areas in which our strategy is focused on the customer and on a continuous and ever closer connection with the final consumer,” stated Safilo’s chief executive officer, Angelo Trocchia. 

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