The Italian glasses group Safilo Group Spa has completed the first half of the 2025 financial year with small sales plus.
On Thursday, the company announced that it could achieve net sales of 537.6 million euros from January to June. This corresponded to growth by 1.1 percent compared to the same period last year. Adjusted to change course changes, the proceeds rose by 2.3 percent.
The gross profit margin rose by 1.1 percentage points to 61.1 percent. The EBITDA margin, which was adjusted for special effects, reached 11.6 percent, which meant an increase of 0.8 percentage points. The adjusted surplus increased by 39.4 percent to 33.7 million euros.
“In the second quarter, we once again demonstrated our ability to adapt to the diverse uncertainties that arise from geopolitical tensions and the constantly changing macroeconomic pressure,” emphasized CEO Angelo Trocchia in a message.
“Our sales rose by a currency adjusted by 2.3 percent. This growth was carried out by the continued recovery of the business in North America and the stability of the European market,” added Trocchia. “France continued to assert itself one of the most important markets, driven by the solid demand for correction and sunglasses for independent optics and retail chains. Our in-store communication initiatives have further strengthened this development.”
In all regions, the brands in the contemporary and lifestyle segment have continued to experience a “strong dynamic”, the company said. In particular, the results of Carrera, David Beckham, Tommy Hilfiger, Boss, Carolina Herrera and Marc Jacobs should also be emphasized in the second quarter.
“From an economic point of view, we recorded another quarter with a clear margin improvement. This was supported by a number of targeted measures to reduce the negative effects of the US tariffs,” said Trocchia. “We also took important strategic steps in the first half of the year. This includes the five -year contract extension with Carolina Herrera and the start of the share buyback program. This underlines our commitment to efficient financial management and the creation of added value for our shareholders: Inside.”
As a “other important milestone”, the CEO of the label Victoria Beckham emphasized in the brand portfolio. “The brand strengthens our offer for women and consolidates our positioning in the aspirational segment, the entry -level area in luxury,” says Trocchia.
This article was used with digital tools translated.
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