fbpx

Safilo Q1 2017 Sales Down Compared to 2016

Thursday, May 11 2017 | 00 h 00 min | Financial News, News, Press Release

The Board of Directors of Safilo Group S.p.A. has today reviewed and approved Q1 2017 economic and financial key performance indicators.

In the first quarter of 2017, Safilo’s total net sales equaled Euro 237.3 million, down 21.3% at current exchange rates and 22.8% at constant exchange rates, compared to Euro 301.6 million in the first quarter of 2016.

Economic and financial results were heavily impacted by the start-up of the new SAP information system in the Distribution Centre in Padua, mainly related to its unique fully automatized operations and complex global volumes, impacting in particular warehouse deliveries of the Going Forward Brand Portfolio and thus quarterly sales.

Q1 2017 results also reflected the exit of the Gucci license and its replacement by the Strategic Product Partnership Agreement with Kering for the product development, manufacturing and supply of Gucci eyewear.

Click HERE to read the full press release.

 

Featured Posts

Voila November-December 2024 WestGroupe Kliik K-774

Striking Retro Glam by KLiiK denmark

K-774’s retro-inspired look features patterned base acetate and custom lamination on the temple, creating a striking look where colours blend seamlessly.

Learn More
Night vision technology view through a night vision device, showing a person standing on rocky terrain with trees in the background. The image is green-tinted with a grid overlay, typical of night vision imagery.

ABCs of Optics: N is for Night Vision (part 3 of 3)

Delve into the world of night vision technology. From thermal imaging to infrared systems, explore how these innovations improve our ability to see in the dark.

Read more
Specsavers logo

Specsavers Named as One of the Best Places to Work in the World

Specsavers has been ranked 16th in the Fortune World’s 25 Best WorkplacesTM in 2024.

Read more
Vision Expo new logo

NOW Trend Showcase Sees Exciting Surge in Submissions for Vision Expo East 2025 in Orlando!

Vision Expo East, organized by co-owners RX and The Vision Council, announces that submissions are now open for the highly anticipated NOW Trend Showcase and Awards at Vision Expo East 2025, taking place in Orlando, FL.

Read more
Association des optométristes du Québec logo

AOQ to Challenge Ministerial Order Compelling It to Participate in Public Health Plan

The Association des optométristes du Québec (AOQ) will take the relevant legal measures to challenge the validity of the government’s ministerial order preventing optometrists in the province from exercising a right to which they are entitled: to opt out of the public health plan.

Read more
Voila November-December 2024 WestGroupe Kliik K-774

Striking Retro Glam by KLiiK denmark

K-774’s retro-inspired look features patterned base acetate and custom lamination on the temple, creating a striking look where colours blend seamlessly.

Learn More
Night vision technology view through a night vision device, showing a person standing on rocky terrain with trees in the background. The image is green-tinted with a grid overlay, typical of night vision imagery.

ABCs of Optics: N is for Night Vision (part 3 of 3)

Delve into the world of night vision technology. From thermal imaging to infrared systems, explore how these innovations improve our ability to see in the dark.

Read More
Specsavers logo

Specsavers Named as One of the Best Places to Work in the World

Specsavers has been ranked 16th in the Fortune World’s 25 Best WorkplacesTM in 2024.

Read More
Vision Expo new logo

NOW Trend Showcase Sees Exciting Surge in Submissions for Vision Expo East 2025 in Orlando!

Vision Expo East, organized by co-owners RX and The Vision Council, announces that submissions are now open for the highly anticipated NOW Trend Showcase and Awards at Vision Expo East 2025, taking place in Orlando, FL.

Read More
Association des optométristes du Québec logo

AOQ to Challenge Ministerial Order Compelling It to Participate in Public Health Plan

The Association des optométristes du Québec (AOQ) will take the relevant legal measures to challenge the validity of the government’s ministerial order preventing optometrists in the province from exercising a right to which they are entitled: to opt out of the public health plan.

Read More
Voila November-December 2024 WestGroupe Kliik K-774

Striking Retro Glam by KLiiK denmark

K-774’s retro-inspired look features patterned base acetate and custom lamination on the temple, creating a striking look where colours blend seamlessly.

Learn More
Night vision technology view through a night vision device, showing a person standing on rocky terrain with trees in the background. The image is green-tinted with a grid overlay, typical of night vision imagery.

ABCs of Optics: N is for Night Vision (part 3 of 3)

Delve into the world of night vision technology. From thermal imaging to infrared systems, explore how these innovations improve our ability to see in the dark.

Read more
Specsavers logo

Specsavers Named as One of the Best Places to Work in the World

Specsavers has been ranked 16th in the Fortune World’s 25 Best WorkplacesTM in 2024.

Read more
Vision Expo new logo

NOW Trend Showcase Sees Exciting Surge in Submissions for Vision Expo East 2025 in Orlando!

Vision Expo East, organized by co-owners RX and The Vision Council, announces that submissions are now open for the highly anticipated NOW Trend Showcase and Awards at Vision Expo East 2025, taking place in Orlando, FL.

Read more
Association des optométristes du Québec logo

AOQ to Challenge Ministerial Order Compelling It to Participate in Public Health Plan

The Association des optométristes du Québec (AOQ) will take the relevant legal measures to challenge the validity of the government’s ministerial order preventing optometrists in the province from exercising a right to which they are entitled: to opt out of the public health plan.

Read more
Voila November-December 2024 WestGroupe Kliik K-774

Striking Retro Glam by KLiiK denmark

K-774’s retro-inspired look features patterned base acetate and custom lamination on the temple, creating a striking look where colours blend seamlessly.

Learn More
Night vision technology view through a night vision device, showing a person standing on rocky terrain with trees in the background. The image is green-tinted with a grid overlay, typical of night vision imagery.

ABCs of Optics: N is for Night Vision (part 3 of 3)

Delve into the world of night vision technology. From thermal imaging to infrared systems, explore how these innovations improve our ability to see in the dark.

Read more
Specsavers logo

Specsavers Named as One of the Best Places to Work in the World

Specsavers has been ranked 16th in the Fortune World’s 25 Best WorkplacesTM in 2024.

Read more
Vision Expo new logo

NOW Trend Showcase Sees Exciting Surge in Submissions for Vision Expo East 2025 in Orlando!

Vision Expo East, organized by co-owners RX and The Vision Council, announces that submissions are now open for the highly anticipated NOW Trend Showcase and Awards at Vision Expo East 2025, taking place in Orlando, FL.

Read more
Association des optométristes du Québec logo

AOQ to Challenge Ministerial Order Compelling It to Participate in Public Health Plan

The Association des optométristes du Québec (AOQ) will take the relevant legal measures to challenge the validity of the government’s ministerial order preventing optometrists in the province from exercising a right to which they are entitled: to opt out of the public health plan.

Read more