On the evening of May 3rd, Italian eyewear group Safilo announced its key financial data for the first quarter of 2023. Net sales increased by 1.6% YoY to €287.2 million (or -0.4% at fixed exchange rates), with a 3.2% growth on an organic basis. Benefiting from positive pricing strategies, product portfolio, and a decrease in transportation and energy costs, gross margin significantly increased to 58.4%.
Safilo CEO Angelo Trocchia stated, “The first quarter of 2023 broadly met our expectations for the beginning of the year, reflecting the continuation of some of the main busines …
