All steady for Safilo

Safilo posted solid results for the full year of 2011 with group revenues up 6 per cent to €1,101.9m at constant rates and net profit up 2.5 per cent to €27.9m.

Chief executive officer Roberto Vedovotto described 2011 as a year of achievements and important changes. 'Our results were positive throughout the entire year, with Asia and America remaining on track as growth engines, while Europe was more challenging due to the economic and political turmoil which impacted the region starting from the second half of 2011.'

With Gucci and Dior performing well in emerging and mature markets and Carrera's expansion being pushed, he announced the ambitious goal 'to become the leading pure wholesale player in the global eyewear industry'. In its aim for greater profitability through efficiency programmes it did not renew a number of brands, although it signed a licensing agreement for Celine eyewear.