Safilo news and archive

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 and Dsquared2 sign eyewear licensing agreement

Safilo and Dsquared2, the global fashion brand founded in 1995 by Dean Dan Caten, have announced five-year global licensing agreement for the design, manufacture and distribution of Dsquared2 branded eyewear. “We are very satisfied about starting this new partnership with Dsquared2, which represents a great brand addition to our portfolio and a...

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Safilo witnesses rise in Q4 sales

In the fourth quarter of 2020, Safilo posted total net sales of 225.6 million euros, up 3 percent at constant exchange rates and down 2.1 percent at current exchange rates. Net sales performance in Q4 2020 allowed the group to continue the recovery of earnings started in the third quarter, registering a positive adjusted EBITDA of 15 million...

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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,...

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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 and Pierre Cardin renew eyewear licensing agreement

Safilo and Pierre Cardin have renewed the licensing agreement to design, manufacture and distribute prescription frames and sunglasses under the Pierre Cardin brand. The company said in a statement that this renewal, which will now run until December 31, 2026, demonstrates the strong professional collaboration between the two groups, whose...

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 completes acquisition of 70 percent stake in Blenders Eyewear

Safilo Group has announced the closing of 70 percent stake acquisition in the California company Blenders Eyewear LLC. Founded in San Diego in 2012 by Chase Fisher, Blenders Eyewear generates approximately 95 percent of its current business through its direct-to-consumer e-commerce platform. The company closed 2019 with net sales of 40.7 million...

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Safilo inks eyewear deal with Ports for Mainland China

Safilo and Ports (Ports Asia Holding) have announced a new ten-year license agreement for the design, manufacture and distribution of Ports branded sunglasses and optical frames. The company said in a statement that this agreement, which is set to cover the Mainland China market, foresees the first right option for Safilo to expand distribution...

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...