07/03/2014

Italy, Safilo Reports Sales of Sports Product Grew in Q4 and 2013

Safilo Group S.p.A reported sales of its sports products, which include Smith Optics sunglasses and goggles, reached €27.4 million in the fourth quarter, up 5.7 percent in currency netural (c-n) terms. Sports products sales increased 7.3 percent c-n to €76.3 million for the whole year.

The Italian eyewear company reported its North American revenues reached €457.9 million in 2013, down 2.5 percent c-n compared with €488.7 million in 2012. That included sales of €80 million at Solstice, its U.S. retailer, where sales increased 2.4 percent c-n.

Total North American revenues for the fourth quarter amounted to €108.4 million, down 7.9 percent c-n compared with the €125.0 million in the fourth quarter of 2012.  Organic sales growth in North America, helped offset a slowdown in sales in Latin America.

Sàfilo Group S.p.A.
Total                                                1,121.5     100.0      1,175.3     100.0                   -4.6                    -1.9
(*) at constant exchange rates
Consolidated net sales
Net sales by geographical area
(Euro in millions)
Financial Year
2013
%
2012
%
Change %  Change % (*)
Europe
470.8
42.0
470.6
40.0
-
+0.6
Americas
457.9
40.8
488.7
41.6
-6.3
-2.5
Asia
177.5
15.8
198.8
16.9
-10.7
-6.4
Rest of the world
15.4
1.4
17.2
1.5
-10.8
-1.7
Net sales by product
(Euro in millions)
Financial Year
2013
%
2012
%
Change %  Change % (*)
Prescription frames
413.8
36.9
437.5
37.2
-5.4
-2.3
Sunglasses
623.7
55.6
655.7
55.8
-4.9
-2.5
Sport products
76.3
6.8
73.1
6.2
+4.3
+7.3
Other
7.8
0.7
9.0
0.8
-13.6
-13.2
Net sales by geographical area
(Euro in millions)
Fourth Quarter
2013
%
2012
%
Change %  Change % (*)
Europe
119.1
42.6
128.6
41.1
-7.4
-6.6
Americas
108.4
38.8
125.0
39.9
-13.3
-7.9
Asia
47.1
16.8
54.1
17.3
-12.9
-7.2
Rest of the world
5.1
1.8
5.2
1.7
-0.4
+12.7
Net sales by product
(Euro in millions)
Fourth Quarter
2013
%
2012
%
Change %  Change % (*)
Prescription frames
101.4
36.3
116.2
37.1
-12.7
-8.5
Sunglasses
149.4
53.4
167.8
53.6
-10.9
-7.4
Sport products
27.4
9.8
26.8
8.6
+2.2
+5.7
Other
1.4
0.5
2.1
0.7
-30.1
-33.5

 * Currency neutral

By press release


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