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Safilo Group grows 20% in Asia, revenue exceeds €1 bn in 2005
31 Jan '06
4 min read
Safilo Group S.p.A has disclosed the preliminary figures related to consolidated net sales for the financial year 2005.
At current exchange rates the Group's consolidated turnover reached €1.025 million, up 8.5 percent compared to the €944.7 million of 2004.
The impressive results achieved are due to the excellent growth rates of licensed products (+12.2 percent), and to the strong growth on a geographic basis in all the markets in which the Group is present and, in particular, the Far East (+20.0 percent).
The important development of the sunglasses market was further confirmed in 2005 (+18.5 percent) together with sales in prescription frames which remained substantially stable.
The program of new openings in the Solstice retail chain continues at a fast pace, together with the continuing launch of new brands such as Marc Jacobs e Imatra, the latter being sponsored by the MotoGP World Champion Valentino Rossi.
Turnover for the last quarter of 2005 increased by 9.2 percent compared to the same period of previous year confirming the positive trend already seen in the previous quarters (Q1 +7.6 percent, Q2 +10.3 percent, Q3 +6.8 percent). The US market furthermore shows for the last quarter an extremely impressive performance with a growth rate of +20.8 percent.
The Safilo Group, recently listed on the Mercato Telematico Azionario managed by Borsa Italiana in the Blue Chip segment, is leader in premium eyewear and in a leadership position in the sector of prescription, sunglasses, fashion and sports eyewear.
At current exchange rates the Group's consolidated turnover reached €1.025 million, up 8.5 percent compared to the €944.7 million of 2004.
The impressive results achieved are due to the excellent growth rates of licensed products (+12.2 percent), and to the strong growth on a geographic basis in all the markets in which the Group is present and, in particular, the Far East (+20.0 percent).
The important development of the sunglasses market was further confirmed in 2005 (+18.5 percent) together with sales in prescription frames which remained substantially stable.
The program of new openings in the Solstice retail chain continues at a fast pace, together with the continuing launch of new brands such as Marc Jacobs e Imatra, the latter being sponsored by the MotoGP World Champion Valentino Rossi.
Turnover for the last quarter of 2005 increased by 9.2 percent compared to the same period of previous year confirming the positive trend already seen in the previous quarters (Q1 +7.6 percent, Q2 +10.3 percent, Q3 +6.8 percent). The US market furthermore shows for the last quarter an extremely impressive performance with a growth rate of +20.8 percent.
The Safilo Group, recently listed on the Mercato Telematico Azionario managed by Borsa Italiana in the Blue Chip segment, is leader in premium eyewear and in a leadership position in the sector of prescription, sunglasses, fashion and sports eyewear.
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