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Safilo Group SpA (SFLG.MI)

SFLG.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Safilo seals exclusive distribution accord for Saudi Arabia
Monday, 12 Jun 2017 03:08am EDT 

June 12 (Reuters) - Italian eyewear maker Safilo Group says: :seals exclusive distribution accord with Saudi Arabia's Dr. Mazen Fakeeh C. Healthcare Company.the agreement is valid starting from mid-June.renews partnership with Optitalia Gulf for the independent retail distribution across Safilo's other GCC (Gulf Cooperation Council) countries.  Full Article

Safilo appoints Eugenio Razelli chairman
Wednesday, 26 Apr 2017 04:42am EDT 

April 26 (Reuters) - Safilo Group SpA ::Board appoints Eugenio Razelli chairman.Appointment follows resignation as chairman of Robert Polet for personal reasons.  Full Article

Safilo renews Juicy Couture license agreement for five years
Monday, 24 Apr 2017 02:05am EDT 

April 24 (Reuters) - Safilo Group SpA ::Safilo and Authentic Brands Group renew Juicy Couture eyewear license agreement for five years.  Full Article

Shares in Safilo sink after Q1 sales warning
Thursday, 16 Mar 2017 04:05am EDT 

Safilo Group Spa : Shares fall more than 5 percent in early trade after eyewear group said on Wednesday automation problems would delay deliveries, hurt sales in the first quarter Further company coverage: [SFLG.MI] (Reporting by Milan newsroom).  Full Article

Safilo FY adjusted net profit rises to EUR 15.4 mln
Wednesday, 15 Mar 2017 12:45pm EDT 

Safilo Group SpA : FY net loss 142.1 million euros ($151.15 million) versus loss 52.7 million euros a year ago . FY adjusted net profit 15.4 million euros versus 6.9 million euros a year ago . Going forward portfolio net sales in Q1 2017 are expected to decline by an estimated 15 pct to 20 pct compared to Q1 2016 .Is aiming to quickly achieve the capacity and speed levels required to recover the warehouse deliveries during Q2.  Full Article

Safilo 2016 sales down 2 pct due to loss of brands
Tuesday, 31 Jan 2017 12:12pm EST 

Safilo Group says: 2016 sales 1.253 billion euros versus Thomson Reuters estimate of 1.25 billion euros . 2016 sales fell 2 percent at current exchange rates, were down 1.2 percent at constant currencies . 2016 sales of ongoing brands up 3.6 percent at constant currencies . Q4 sales down 1.7 percent at both current and constant currencies to 314 million euros Further company coverage: [SFLG.MI] (Reporting by Milan Newsroom).  Full Article

Safilo signs license agreement for rag & bone collections of sunglasses and optical frames
Thursday, 27 Oct 2016 11:40am EDT 

Safilo Group SpA : Says it signed a new license agreement for design, manufacturing and worldwide distribution of rag & bone collections of sunglasses and optical frames .The agreement will run for five years starting from Jan. 2018 until Dec. 31, 2022.  Full Article

Safilo raises its stake in Lenti to 100 pct
Thursday, 29 Sep 2016 11:34am EDT 

Safilo SpA : Buys a further 24.4 percent stake in Lenti, a manufacturer of sun lenses based in Bergamo . Safilo already owned a 75.6 percent stake in the company Further company coverage: [SFLG.MI] (Gdynia Newsroom) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)) Keywords: (URGENT).  Full Article

Safilo and Max Mara renew eyewear license agreement until end of 2023
Tuesday, 6 Sep 2016 02:00am EDT 

Safilo Group SpA : Safilo and Max Mara announce early renewal of licensing agreement for Max Mara eyewear until the end of 2023 .The licensing agreement concerns the design, manufacturing and worldwide distribution of the collections of optical frames and sunglasses.  Full Article

Safilo H1 net profit rises to EUR 16.3 mln
Wednesday, 3 Aug 2016 11:59am EDT 

Safilo Group SpA : H1 net sales 651.1 million euros ($727.67 million) versus 674.9 million euros a year ago .H1 net profit 16.3 million euros versus 8.4 million euros a year ago.  Full Article

UPDATE 1-Italian glasses maker Safilo Q1 sales hit by delivery disruption

* April was a "low month"; deliveries to recover by June (Updates with conference call details)