Italy · Delayed Price · Currency is EUR Safilo Group Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered stable revenue at constant FX, margin expansion, and strong cash flow, despite currency and regional headwinds. Strategic acquisitions and disciplined cost control support long-term growth, with tariff reductions expected to benefit results from Q2.
Fiscal Year 2025
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Delivered steady sales and margin growth in 2025, with strong cash flow, reduced debt, and robust brand performance across regions. Outlook for 2026 remains cautious amid geopolitical risks, with continued focus on disciplined investment and M&A in optical and sport segments.
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Q3 2025 saw steady sales growth at constant rates, margin expansion, and strong cash flow, with premium brands and Europe leading performance. Achieved a net debt positive position pre-IFRS 16, continued share buybacks, and remain open to further M&A.
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H1 saw strong sales and margin expansion despite tariff and macroeconomic headwinds, with net sales up 2.3% at constant rates and adjusted net profit up 39%. Strategic moves included a key license renewal, a share buyback, and the addition of Victoria Beckham to the portfolio.
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Q1 2025 saw 2.2% sales growth at constant FX, margin improvement, and strong cash flow. Europe led growth, North America was mixed, and Asia-Pacific surged. Supply chain diversification and selective U.S. price hikes are underway amid ongoing market uncertainty.
Fiscal Year 2024
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2024 saw a 2.3% sales decline amid global headwinds, but gross margin and adjusted net profit improved, driven by strong home brand performance and operational efficiency. Strategic investments and a new buyback program support future growth, with early 2025 trends positive in key regions.
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Q3 2024 saw revenue declines but improved margins and cash flow, with Europe showing resilience and North America and Asia remaining soft. Gross margin and EBITDA margins rose, supported by operational efficiency and pricing, while sunglasses sales lagged.
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Q2 2024 saw soft sales due to the Jimmy Choo exit, but strong growth in Carrera and David Beckham brands drove margin and cash flow improvements. Europe remained resilient, North America showed gradual recovery, and the perpetual David Beckham license boosted profitability.