Safilo’s Q1 Sales Up 1.6% YoY; Aims to Reverse China Market Weakness in 2023

5月 04, 2023

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 …