Safilo Reports Preliminary 2019 Sales Figures

Wednesday, January 29 2020 | 13 h 58 min | Financial News, Press Release

Preliminary 2019 net sales of the Continuing Operations equaled Euro 939.0 million, up 3.1% at current exchange rates compared to Euro 910.7 million in 2018.

The wholesale business increased by 5.2% at current exchange rates. In 2019, the performance at constant currency of the wholesale revenues was positive by 3.2% in Europe, while it remained slightly down, by 0.6%, in North America despite the business recovery achieved in the 4th quarter.

The year marked significant business progress in Asia, up 19.2% at constant exchange rates, while sales in the Rest of the World recorded an improvement of 1.1%.

2019 wholesale performance was driven by the good results achieved by the Group’s own core brands Carrera, Polaroid and Smith, overall growing by 5.7% at constant exchange rates, and by the positive performance of the main licensed brands.

In the 4th quarter of 2019, the quarterly wholesale performance was up 1.8 reflecting on one side the above-mentioned recovery of the North American business, up 4.2%, and the ongoing strength of Asia-Pacific, up 8.9%, on the other a slowdown of 4.0% in Europe. Preliminary total net sales of the Continuing Operations in the quarter equaled Euro 230.4 million, down 2.8% at current exchange rates and 4.3% at constant exchange rates mainly due to the expected decline in Europe of the business related to the supply agreement with Kering, which as was communicated in October 2019, has been renewed until the end of 2023.

Click HERE for the full press release.