Safilo Q3 sales up 2.9 percent

REPORT_ Safilo sales were up 2.9 percent in the third quarter. The group’s gross

and operating profit continued to grow in the third quarter from the same period of 2012 by 180 and 50 basis points respectively. The adjusted group net profit for the first nine months of 2013 was up 30.8 percent compared to the first nine months of 2012.

Europe with France, Germany and the UK in the lead was the continued main driver of Safilo’s growth in the third quarter. Spain and Portugal also made up ground, whilst the independent opticians channel in Italy showed continued softness. In the first nine months of 2013, the American wholesale business saw sales dip by 4.7 percent at current exchange rates.

Safilo is based in Italy. It is in the premium eyewear sector for sunglasses, optical frames and sports eyewear. Luisa Delgado, CEO of Safilo, commented: “I would like to thank all employees and partners of Safilo, our customers, and shareholders for believing in Safilo’s potential and resilience. What makes Safilo special is our superior product, design and innovation. At Safilo, we share a genuine passion for eyewear. We have a commitment to generate sustainable profitable growth forward.”