Safilo sales reach €939m

Safilo has reported net sales of €939m (£832m), which is an increase of 3.1% at current exchange rates, in its full year financial results for 2019.

Adjusted EBITDA at the company was at €51.8m, compared to €57.3m in 2018, and it made an adjusted net loss of €4m compared to €14m in 2018.

The company attributed positive sales performance to its core brands Carrera, Polaroid and Smith, as well as a cost savings plan that is working towards restoring profits.

Angelo Trocchia, chief executive officer at Safilo, said: ‘In 2019 we continued the work started in 2018, consolidating the business foundations to develop our medium term strategies and ambitions. Our efforts and projects focused on strengthening the customers’ trust in Safilo, strenuously improving customer care and service levels, while reshaping the commercial organization around relevant eyewear competences and strong local accountability.’