safilo group spa-adr (SAFLY) Key Developments
Safilo Group and Jimmy Choo Extend Eyewear Licensing Agreement
Nov 27 14
Safilo Group and Jimmy Choo announced that they have automatically extended their licensing agreement until December 31, 2018, for the design, production and distribution of the Jimmy Choo eyewear collections of sunglasses and optical frames. This reflects the outstanding growth of the brand's eyewear business across all major countries, especially in Europe and North America.
Safilo Group Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 7 14
Safilo Group announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s net profit increased on effective product mix but earnings before interest, tax, depreciation and amortization (EBITDA) as well as the margin dropped on investments and brand agreements. The company reported a net profit of EUR 2.4 million, up from EUR 1.7 million for the same period last year. Revenues increased 7.3% to EUR 261.2 million. EBITDA, however, fell to EUR 14.6 million from EUR 16.3 million. Profit before taxation was EUR 3.858 million against EUR 3.756 million a year ago. Net profit attributable to owners of the Parent was EUR 2.382 million against EUR 1.728 million a year ago. Diluted EPS was EUR 0.037 against EUR 0.027 a year ago. Adjusted EBITDA was EUR 14.6 million against EUR 16.3 million a year ago. Cash flow from operating activities before changes in working capital was EUR 5.8 million against EUR 29.8 million a year ago. Operating profit was EUR 5,686,000 compared to EUR 6,853,000 for the same period a year ago. Adjusted operating profit was EUR 5.7 million compared to EUR 6.8 million for the same period a year ago. Adjusted group net profit was EUR 2.4 million compared to EUR 1.7 million for the same period a year ago.
For the nine months, the company reported net sales of EUR 867.546 million against EUR 841.769 million a year ago. Operating profit was EUR 57.192 million against EUR 54.103 million a year ago. Profit before taxation was EUR 50.006 million against EUR 36.006 million a year ago. Net profit of the period was EUR 31.900 million against EUR 22.143 million a year ago. Net profit attributable to owners of the parent was EUR 31.704 million against EUR 21.817 million a year ago. EBITDA was EUR 83.250 million against EUR 81.261 million a year ago. Adjusted EBITDA was EUR 86.3 million against EUR 81.3 million a year ago. Diluted EPS was EUR 0.505 against EUR 0.350 a year ago. Purchase of property, plant and equipment was EUR 19.827 million against EUR 17.285 million a year ago. Cash flow from operating activities before changes in working capital was EUR 17.5 million against EUR 55.8 million a year ago. Adjusted operating profit was EUR 60.2 million compared to EUR 61.5 million for the same period a year ago. Adjusted group net profit was EUR 33.9 million compared to EUR 27.3 million for the same period a year ago. Group net debt was EUR 158.9 million compared to EUR 180.7 million for the same period a year ago.
Safilo Group S.p.A., Q3 2014 Earnings Call, Nov 06, 2014
Oct 28 14
Safilo Group S.p.A., Q3 2014 Earnings Call, Nov 06, 2014
Safilo Introduces New Polaroid Eyewear's 2015 Eyewear Collections
Oct 9 14
Safilo S.p.A. has introduced new Polaroid Eyewear's 2015 eyewear collections. Polaroid's UltraSight polarized lenses are made of nine functional elements: a polarizing light filter, which is protected by four UV light absorbers, two shock-absorbing and two scratch-resistant layers. These innovative lenses are the result of the exclusive Thermofusion Technology, a breakthrough in quality and technology that allows Polaroid to form lenses in a way that fully protects the polarizer, which is at the core of the lens, delivering superior optics. To better meet the diverse needs of all its customers, Polaroid presents two exciting new versions of its UltraSight lenses, which will be available starting in 2015: Ultra Light a lighter and more flexible lens and High Quality, a stronger and thicker version. The POLAROID eyewear Seasonal collections includes: ECLECTIC PATTERN PLD 6009 METAL ROUND PLD 6010. The POLAROID eyewear Contemporary men collections includes: MEMORY METAL PLD 2000, PLD 2001; ULTEM PLD 2002 and PLD 2004; SOFT RUBBER PLD 3004 and PLD 3005; and BI-INJECTED & BI-COLOR PLD 2009 and PLD 2010. The POLAROID eyewear Kids collections include: COLOR GAME PLD 8001. The POLAROID eyewear collections are designed, produced and distributed by the Safilo Group.
Safilo Group S.p.A. Expands Presence in Dubai, UAE
Sep 24 14
Safilo Group S.p.A. announced the opening of a locally incorporated company, fully owned by Safilo, in Dubai, UAE. The newly opened showroom and office in Dubai will serve all customers of the United Arab Emirates, Kuwait, Bahrain, Qatar, Oman and Saudi Arabia, and function as Safilo's Headquarter of the new Middle East and Africa region. The new Safilo Middle East Free Zone Establishment (FZE) is opening at the Dubai Airport Free Zone (DAFZ), ranked amongst the top free zones in the Middle East and in the world, this September 20, 2014 It includes 200mÂ² of Italian designed showroom and offices, to showcase the full collections of all the 24 brands in Safilo's international brand portfolio. Through its new direct presence, Safilo will be able to fully leverage the exceptional luxury retail opportunity that the Middle East region offers to its quality brand portfolio, to deepen its partnership with its key customers building mutual trust based on a long term commitment, and to gain closer local consumer understanding.