Company Profile For Safilo - Societa Azionaria Fabbrica Italiana Lavorazione Occhiali S.p.A.

Safilo - Societa Azionaria Fabbrica Italiana Lavorazione Occhiali S.p.A. (SFLG.MI) (Milan Stock Exchange)

sector: Cyclical Consumer Goods & Services · industry: Apparel & Accessories ·

As of 24 Nov 2009

0.49EUR

Price Change

-0.02

Percent Change

-3.57%

Analyst Recommendations

Overview

Safilo Group SpA is an Italy-based company operating in the eyewear sector. It designs, produces and distributes such products as frames for reading glasses, sunglasses, glasses for sport, ski masks, goggles and visors. Its products are primarily manufactured in four plants in Italy, one in Slovenia and China and are marketed in 130 countries worldwide through 39 direct commercial subsidiaries and more than 130,000 retail distributors. The Group has 38 principal brands of which 10 directly owned and 28 licensed. Brands include Safilo, Oxydo, Carrera, Smith, Alexander McQueen, A/X Armani Exchange, Banana Republic, BOSS - Hugo Boss, Bottega Veneta, Diesel, Valentino, Dior, Emporio Armani and others.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Safilo Group S.p.A.'s total revenue decreased 12% to EUR562.1M. Net loss for the period totaled EUR136M, vs. a profit of EUR21.1M. Total revenue reflects a decrease in demand for the Company's products and services in the Wholesales business segment, in Italy and Europe. Net loss for the period reflects a decrease in operating margins due to higher general and administrative expenses.