Safilo Group grows 20% in Asia, revenue exceeds €1 bn in 2005

31 Jan '06

4 min read

In Italy, sales in the domestic market achieved outstanding growth rates, increasing by 12.2 percent when compared to the previous year (up 4.0 percent in the last quarter).

The enthusiastic reception by Italian Opticians of the Group's collections has lead to impressive performances both in sunglass sales (+13.9%) and in the prescription frames segment (+9.1 percent). The growth seen in this latter segment represents an important achievement within a specific strategy aimed at developing the Group's presence in the prescription frames market.

Even sports items, goggles and helmets, have achieved extremely good results, increasing by almost 50 percent. The driving brands of this Italian success were Armani, Dior, Gucci and Valentino; while in terms of the Group own brands, Oxydo and Safilo stand out for the results achieved.

In Europe, turnover in the European market increased by 3 percent, with positive performance in the sunglasses category (+9.4 percent) and a substantially stable performance for prescription frames, while sales in the American market confirmed the growth trend already noted in the previous quarters of 2005, with an increase of 9.1 percent in the year and 20.8 percent in the quarter.

Canada and Brazil continued to strengthen their market development achieving growth rates of 19.1 percent and of 52.2 percent respectively.

The Asian market has confirmed throughout the year the significant growth rates achieved in previous months. Revenues increased by 20 percent on a year-to-date basis and by 13.8 percent in the last quarter of 2005.

More SAFILO GROUP News... More Fashion News - Italy...