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Safilo Group turnover rises 7.8% to €605.4m in H1

25 Jul '06
4 min read

Eyewear retailer Safilo Group Spa, during an investor meeting, announced the financial results relating to consolidated revenues in the first half of 2006 and the second quarter of 2006.

Turnover in the first six months of 2006 reached €605.4 million, an increase of 7.8% compared to the €561.8 million recorded in the first six months of 2005. At constant exchange rates the increase in sales was equal to 5.5%.

The positive results achieved in the first semester of the year are thanks to the good sales performance of licensed products and to the positive recovery of the sales of the company's house brands (+13.2%) - confirmation of the effectiveness of the house brand re-launch strategies. Performances in the Italian and American markets were impressive, with increases of 9.2% and 16.4% respectively.

The second quarter recorded an 8.0% increase in revenues to €303.3 million, indicating faster growth, at equal exchange rates, compared to the first months of the year. This improvement is the result of a positive sales climate in general and an increased production capacity. It should furthermore be underlined that these positive results have been achieved despite the evidence of the first effects of the slow down in sales of Ralph Lauren products, in consideration of the termination of the Licence Agreement at the end of 2006.

Vittorio Tabacchi, Chairman of Safilo Group Spa, said “The positive sales trend confirms the soundness of our business formula and the Group's dynamic nature allows us to pursue every new growth opportunity.”

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