×
253
Fashion Jobs
UNIBRAND DRINKS PVT. LTD
Horeca Sales Manager Mumbai Pune
Permanent · Pune
ORIENT ELECTRIC LTD.
Area Sales Manager - B2B Sales - Bangalore/ Belagavi
Permanent · Bengaluru
SUPRO CONSULTING
Area Sales Manager - on Roll
Permanent · Faridabad
THE INFINITY SPACE
Area Sales Manager - Team Handling
Permanent · Guwahati
ALKUSH INDUSTRIES
Area Sales Manager/Sales Officer
Permanent · Nashik
ALKUSH INDUSTRIES
Area Sales Manager/Sales Officer
Permanent · Alibag
SUPRO CONSULTING
Area Sales Manager
Permanent · Kolhapur
H&M
Sustainability Developer
Permanent · NEW DELHI
INTERMEDICS HEALTHCARE LLP
Area Sales Manager - Asm - Ivf/Hormones (Medical Devices)
Permanent · Lucknow
CRESCENDO GLOBAL LEADERSHIP HIRING INDIA
Area Manager- Fmcg Sales- (2- 5 Years)- Bangalore
Permanent · Bengaluru
KEZAN INDIA
Area Sales Manager
Permanent · Pune
ACHYUTAM INTERNATIONAL
Sales Manager- Printing & Packaging- Africa
Permanent · Chennai
SWAT CERAMIC PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
NR CONSULTING
Requirement- Direct Sales Manager- Rajasthan
Permanent · Ajmer
ACHYUTAM INTERNATIONAL
Sales Manager- Printing & Packaging- Africa
Permanent · Chennai
ADITIYA
Area Manager-Retail Business Development (Ncr,UK)
Permanent · New Delhi
PRIMARK
Traceability Operations Coordinator
Permanent · BENGALURU
JANA SMALL FINANCE BANK
Area Sales Manager (Branch Banking) - Bhopal -mp
Permanent · Bhopal
MANPOWERGROUP SERVICES INDIA
B2B Sales Manager
Permanent · Gandhidham
LAL SWEETS
Area Sales Manager
Permanent · Agar
DHARAMPAL PREMCHAND (BABA)
Opening - Area Sales Manager - Pune
Permanent · Pune
PROMETO CONSULTING
Area Sales Manager (gt)
Permanent · Visakhapatnam
Published
May 12, 2021
Reading time
2 minutes
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Safilo enjoys good Q1 as e-tail and new brands shine

Published
May 12, 2021

Eyewear giant Safilo has reported that sales in the first quarter rose 20% at constant exchange rates to reach €251.4 million. And while that growth came with tricky comparisons because of the onset of the pandemic a year earlier, the company also said that a more meaningful comparison – with 2019’s first quarter – also saw growth of 6%.


David Beckham eyewear - Safilo



This was thanks to the strong performance of the group's own brands and its core licenses, as well as the significant contribution of new brands in the portfolio that effectively compensated for licenses terminated at the end of last year.

The positive sales performance was driven by the US and a better than expected contribution from its newly acquired e-commerce business. Safilo’s online business grew 164%, mainly thanks to the contribution of Blenders e-commerce, up 79% on a pro-forma performance basis, plus the growth of Smith’s D2C channel, and sales generated through internet pure-players. This all boosted Safilo’s total online business to 13% of its net sales from 5.9% in Q1 2020.

As expected, China, Australia and the Middle East were strong, but Europe was “overall soft” as it was still “penalised by the persisting retail restrictions in a number of markets and distribution channels”.

Yet overall, the positive sales development, coupled with ongoing cost controls as a reaction to the pandemic and as part of a general cost containment project in recent years led to “a significant improvement” in its operating performance.

Adjusted EBITDA was €25.8 million in Q1 2021, compared to €5.8 million in Q1 2020 and €20 million in Q1 2019. The adjusted EBITDA margin reached 10.3%, compared to 2.6% in Q1 2020 and 8.1% in Q1 2019.

Looking at the brand performance, it said it saw strong growth of its own brands Smith and Carrera, and a meaningful rebound of its licenses such as Hugo Boss, Tommy Hilfiger, Kate Spade and Jimmy Choo

As mentioned, the contribution of newer businesses such as Privé Revaux and Blenders, and the new licensed brands in the portfolio, such as Levi’s, David Beckham, Missoni, Ports and Isabel Marant, made up for licenses it no longer held.

Copyright © 2023 FashionNetwork.com All rights reserved.