safilo group spa (SFL) Snapshot

Safilo has agreed a licensing deal with Essilor for Polaroid branded polarised ophthalmic lenses. The company announced a 10-year licensing agreement for Essilor to design, manufacture and distribute polarised ophthalmic lenses worldwide under the Polaroid brand. The deal was for use with eyewear products in general. The company purchased the Polaroid Eyewear business from the StyleMark group for $87.5 million two years ago.

Safilo Group S.p.A. announced consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, on consolidated basis, the company reported net sales of EUR 297,018,000 against EUR 288,722,000 a year ago. Operating profit was EUR 25,723,000 against EUR 23,095,000 a year ago. Profit before taxation was EUR 20,156,000 against EUR 18,562,000 a year ago. Profit of the period was EUR 13,592,000 against EUR 12,490,000 a year ago. Profit attributable to owners of the parent was EUR 13,394,000 or EUR 0.216 per diluted share against EUR 11,947,000 or EUR 0.210 per basic and diluted share a year ago. EBITDA was EUR 34,661,000 against EUR 32,256,000 a year ago. Cash flow used in operating activities was EUR 823,000 against cash flow from operating activities of EUR 6,473,000 a year ago. Purchase of property, plant and equipment (net of disposals) was EUR 4,600,000 against EUR 5,431,000 a year ago. Purchase of intangible assets was EUR 126,000 against EUR 453,000 a year ago. Net debt totaled EUR 220.4 million, slightly up compared to the EUR 215.3 million at the end of December 2012 but improving compared to the EUR 243.2 million of the corresponding period of 2012.

Carrera, a leading brand of Safilo Group and the iconic luxury fashion brand Jimmy Choo announced an agreement for the design, production and distribution of an exclusive capsule collection of Carrera by Jimmy Choo sunglasses. The collection will blend the eyewear expertise and bold attitude of Carrera with the epitome of style and glamour which is Jimmy Choo in a range of unique models combining high performance in a fashion forward aesthetic.