March 13, 2018 / 4:50 PM / 2 months ago

BRIEF-Safilo Group Reports FY 2017 Adjusted Net Loss Of EUR 47.1 MILLION

March 13 (Reuters) - Safilo Group Spa:

* FY NET SALES EUR 1.05 BILLION VERSUS EUR 1.25 BILLION YEAR AGO

* FY 2017 ADJUSTED NET LOSS OF EUR 47.1 MILLION VERSUS PROFIT OF EUR 15.4 MILLION YEAR AGO

* DUE TO NON-RECURRING ITEMS, THE GROUP REPORTED FY NET LOSS OF EURO 251.6 MILLION

* IN 2018, THE GROUP PLANS TO INCREASE ITS ADJUSTED EBITDA MARGIN Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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