Italian eyewear company Safilo Group’s preliminary full year results revealed net sales of €1023.9m, down 2.4% at constant exchange rates, compared to €1076.7m in 2022.
Fourth quarter net sales for 2023 totalled €238.7m, equal to growth at constant exchange rates of 1.7% - marking the best performance of the year, according to the company.
Revenues for the year were close to those recorded in 2022, despite continued weakness of the North American market and a 60% drop in revenues recorded in the GrandVision chains.
Organic sales increased by 1.6% thanks to high performing home brands growing to 44% of sales, including Carrera, Polaroid and Blenders with excellent development also reported for Smith’s direct-to-consumer channel.
Licensed brands Boss and Tommy Hilfiger were referenced for boosting results, together with the more recent partnerships with Carolina Herrera and David Beckham - now a core brand.
Sales in Europe in 2023 totalled €411.8m and organic sales performance grew by 7%; sales in Asia and the Pacific region reached €59.9m, up 9.1% at constant exchange rates, while the Rest of the world closed at €100.1m, a growth of 3.9% on 2022.