Safilo sales continue to rise

By

Florent Gilles

Published
Apr 24, 2013

Sunglass specialist Safilo has had a good start to the year. For the company’s first quarter 2013, sales are up 2.9% to 297 million euros. EBDITA rose by 7.5% to 34.7 million while net profit saw a double figure increase to 13.4 million euros (+12.1%).

Despite financial difficulties experienced in Europe, Safilo saw an 8.3% sales increase on the continent to 128.2 million euros. Sales in North Europe outdid those of the South, notably down to a strong travel retail presence. Sales in North American were on the up, with a progression of 2.5%.

The start to the year was promising for the Asian market too, with certain brands in the portfolio recording double-figure growth, though sales were down by 4.3% at constant exchange rates to 46 million euros against first quarter 2012.

According to the company, sales of luxury brands contributed largely to growth at Safilo.

Carrera launches Jimmy Choo collection

In recent news, Safilo’s brand Carrera will release a capsule collection of eyewear with luxury shoemaker Jimmy Choo, a member of Safilo’s licensing portfolio. The collection is expected to hit stores in October.

“We are extremely excited about this partnership which we know will result in the creation of an exceptional product,” said Pierre Denis, CEO of Jimmy Choo. “The Carrera brand, since its creation in 1956, has forged a unique position in the eyewear sector and is recognized for being both innovative and adventurous. We are proud to associate Jimmy Choo with Carrera in this limited collection of eyewear.”