
Italian eyewear maker Safilo said on Monday March 16 it expects to close the first quarter with sales down between 10 percent and 15 percent and would not distribute a dividend on 2008 results.
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Italian eyewear maker Safilo said on Monday March 16 it expects to close the first quarter with sales down between 10 percent and 15 percent and would not distribute a dividend on 2008 results.
Italian eyewear maker Luxottica Group SpA posted a 17.6 percent drop in 2008 net profit on Thursday March 12 and said it would not propose a dividend for now.
Italian eyewear maker Safilo SpA's main shareholder said it was in talks with potential investors and could dilute its stake in the company, boosting Safilo shares on hopes of a cash injection.Only 3T, which has 39.
Italian eyewear production has fallen more than 10 percent during the first quarter, following a decline which started with weakening demand last year, the head of industry body Anfao said on Thursday.
Eyewear maker Safilo said on Thursday that its net profit fell 71.3 percent last year as demand for its high-end glasses and sunglasses slowed and high production costs in Italy also weighed.
Italian eyewear maker Safilo SpA renewed a key licensing deal with luxury goods company Gucci Group, a unit of France's PPR, sending its shares so high they were suspended for excessive gains.
Italy's Luxottica, the world's biggest eyewear maker, said net income fell 16.5 percent in the first half of the year as a strong euro, a U.S. consumer slowdown and one-time charges weighed.
Italian eyewear maker Safilo reported a fall in net profit of more than a third in the first half of the year, hit by a weak dollar, and cut its 2008 forecasts because of weak European markets.