×
1 118
Fashion Jobs
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
ESTÉE LAUDER
Mac - Area Sales And Education Manager - London - Maternity Cover
Permanent · London
RALPH LAUREN
Operations Manager - Gretna
Permanent · Gretna
LUXURY RECRUIT
Head of Digital - Luxury
Permanent · LONDON
LUXURY RECRUIT
Brand Director - Luxury
Permanent · LONDON
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
VANS
Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
Published
Nov 10, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Safilo has stronger Q3 despite weakness in Asia

Published
Nov 10, 2021

Luxe eyewear giant Safilo saw its business in the US recovering in Q3 and Europe beginning on the road to recovery, both of those regions offsetting a weaker Asian market and the loss of some key licences (such as Dior, Max Mara and Fendi).


Safilo CEO Angelo Trocchia



In the three months to September 30, net sales rose 2.6% to €226.6 million year-on-year and 11.1% vs 2019 currency-neutral. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) surged by a third to €19.1 million year-on-year.

And the company expects more good news ahead — despite supply chain issues and the impact of inflation — with full-year net sales expected to be up in mid-single-digits currency-neutral compared to 2019. EBITDA for the year should also beat that recorded in 2019.

CEO Angelo Trocchia said: “Positive consumer trends in our key markets and product categories allowed us to close another strong quarter of recovery and growth despite the dampening effect of a still complex environment in a number of countries and our challenging comparison bases in the midst of our brand portfolio overhaul.”

The positive developments on sales overall were coupled with further progress in its cost-saving programme. And signing a new licensing agreement with Chiara Ferragni also gave it plenty of hope for the future. 

The company makes eyewear under its own brands and for outside labels including, Missoni, Marc Jacobs, Moschino, Tommy Hilfiger, Levi’s and Isabel Marant.

Q3 sales of such brands were helped by the online boom that meant sales via webstores made up 13% of the total rather than 3% two years ago.

As mentioned, regionally, North America was positive with sales up 1.8% year-on-year at €115.1 million and up 44% compared to two years ago. The region accounted for 50.8% of revenues.

European sales rose 4.5% on the year to €82.8 million, but were over 13% down compared to Q3 in 2019.

Asia Pacific sales fell 28.9% to €11.3 million as lockdowns and those lost licences weighed on demand.

Copyright © 2022 FashionNetwork.com All rights reserved.