Italian eyewear maker Safilo Group Spa has announced its preliminary financial results relating to its consolidated turnover in the first quarter of 2006.
The net turnover of the group in the first three months of 2006 reached €302.1 million, an increase of 7.5 percent compared to the €281 million recorded in the same period of the previous year. The strong growth of sunglasses sales was once again confirmed (+13.4 percent) while the sale of prescription frames remains stable (- 0.7 percent).
An analysis of the turnover when subdivided between licensed and house brands shows a general alignment in sales for these two segments, indicating the overall appreciation of the various collections presented by the group.
From a geographical point of view the greatest growth in sales was seen in America where turnover increased by 19.4 percent. Impressive results were also seen in the Far East (+17.0 percent) and in Italy (+10.2 percent).
Italy: Domestic sales (+10.2 percent) continue the growth trend evident during the course of 2005, with an essentially balanced increase for both prescription frames and sunglasses. Brands which recorded particularly impressive performances are Armani, Gucci, Valentino and the house brand Safilo.
Europe (excluding Italy): Although the significant increase in production capacity has not allowed us to entirely satisfy market demand, specific brands such as Armani, Diesel, Valentino and house brands in generalhave enjoyed considerable growth. At a national level good increases in sales are seen in Germany, the United Kingdom and northern European countries in general.
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