Results from Safilo’s third quarter

Safilo has reported that its results from the third quarter of 2019 have shown a cost reduction and increase in sales.

Net sales reached €708.7million, which is an increase of 5.2% at a constant exchange rate of 2.7%, with wholesale revenues rising by 6.4% at a constant exchange rate of 3.7%.

Safilo’s chief executive officer Angelo Trocchia said: ‘In the third quarter of the year, we continued the improvement of our results, working with determination on those priorities aimed at enhancing our Group’s assets, in particular strengthening our commercial capabilities and enhancing our digital agenda, two areas in which our strategy is focused on the customer and on a continuous and ever closer connection with the final consumer.’