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Safilo Group SpA (SFLG.MI)

SFLG.MI on Milan Stock Exchange

0.90EUR
26 Jun 2019
Change (% chg)

€0.02 (+2.61%)
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€0.88
Open
€0.89
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€0.91
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€0.88
Volume
521,074
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1,626,365
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€2.94
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€0.69

Latest Key Developments (Source: Significant Developments)

Safilo to book 18 mln euro loss from disposal of Solstice shop chain
Friday, 24 May 2019 

May 24 (Reuters) - Safilo Group says at the behest of market regulator Consob::SALE OF SOLSTICE BUSINESS WORTH CASH PAYMENT OF $9 MILLION ON A CASH AND DEBT FREE BASIS.EXPECTS TO BOOK 18 MILLION EURO LOSS ON SALE OF ASSET.SAYS SOLSTICE REPORTED OPERATING LOSS OF 13.5 MILLION EUROS IN 2018 ON 16.5 PERCENT DROP IN NET SALES AT CONSTANT CURRENCIES.  Full Article

Safilo Expects To Sell Retail Chain Solstice By End-2019
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Safilo Group SpA ::SAFILO SAYS RECEIVED EXPRESSIONS OF INTEREST FOR PURCHASE OF SOLSTICE RETAIL CHAIN.SAFILO SAYS IT EXPECTS TO SELL THE ASSET BY END-2019.  Full Article

Safilo FY Adj. EBITDA Up 15.5 Pct At EUR 47.5 Mln
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Safilo Group SpA ::FY ADJUSTED EBITDA AT EURO 47.5 MILLION, +15.5% COMPARED TO 2017.FY ADJUSTED NET LOSS OF EURO 26.7 MILLION, IMPROVING BY 43.2% COMPARED TO 2017.SAFILO CEO SAYS IN 2019 CO ENVISAGES THE OPPORTUNITY TO RECOVER TOP LINE GROWTH AND ABOVE ALL A SUSTAINABLE LEVEL OF PROFITABILITY.Q4 ADJUSTED EBITDA EUR 10.3 MILLION VERSUS LOSS EUR 2.1 MILLION YEAR AGO.  Full Article

Safilo Group Signs License Agreement With Levi Strauss & Co
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Safilo Group SpA ::SIGNS LICENSE AGREEMENT WITH LEVI STRAUSS & CO.AGREEMENT WILL COME INTO EFFECT IN JANUARY 2020 AND IT WILL RUN UNTIL NOVEMBER 2024.AGREEMENT IS RENEWABLE FOR AN ADDITIONAL FIVE-YEARS, UP TO 2029.  Full Article

Safilo And Alpargatas Announce Early Renewal Of Licensing Agreement For Havaianas Eyewear
Friday, 28 Dec 2018 

Dec 28 (Reuters) - Safilo Group SpA ::SAYS SAFILO AND ALPARGATAS ANNOUNCE EARLY RENEWAL OF THEIR LICENSING AGREEMENT FOR HAVAIANAS EYEWEAR.SAYS NOW AGREEMENT IS RUNNING UNTIL END OF DECEMBER 2024.  Full Article

Safilo Renews Eyewear License Agreement With Tommy Hilfiger Until 2025-End
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - Safilo Group SpA ::RENEWS LICENSE AGREEMENT WITH TOMMY HILFIGER.LICENSE AGREEMENT WITH TOMMY HILFIGER HAS BEEN RENEWED UNTIL 2025-END.  Full Article

Safilo Signs License Agreement With Missoni
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Safilo Group SpA ::REACHES EYEWEAR LICENSE AGREEMENT WITH MISSONI.AGREEMENT LASTS FIVE YEARS AND CAN BE RENEWED AT SAME CONDITIONS UNTIL 2029.THE NEW MISSONI AND M MISSONI EYEWEAR COLLECTIONS WILL HIT THE MARKET IN JANUARY 2020.  Full Article

Safilo Group: Multibrands Exercised Its Option Rights Relating To Capital Increase
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Safilo Group SpA ::SAID ON TUESDAY THAT MULTIBRANDS ITALY B.V. EXERCISED ITS OPTION RIGHTS nL8N1Y50OC.MULTIBRANDS ITALY PAID FOR SUBSCRIPTION OF THE NEW SHARES RELATING TO ITS EXISTING HOLDING (C. 41.6 PCT) OF THE ONGOING CAPITAL INCREASE, FOR AN AMOUNT OF C. EUR 62.4 MILLION.MULTIBRANDS ITALY B.V. IS SUBSIDIARY OF HAL HOLDING N.V..  Full Article

Safilo Group: Multibrands Confirms Fulfilment Of Condition Relating To Offer Price
Thursday, 29 Nov 2018 

Nov 30 (Reuters) - Safilo Group SpA ::SAID ON THURSDAY THAT THE CONDITION RELATING TO OFFER PRICE SET FORTH IN THE SUBSCRIPTION AGREEMENT FORM SEPT. 26 BETWEEN THE COMPANY AND MULTIBRANDS ITALY B.V. HAS BEEN FULFILLED.CO WILL ISSUE C. 213 MLN ORDINARY SHARES, WITH NO PAR VALUE AND REGULAR ENTITLEMENT IN ITS CAPITAL INCREASE FOR TOTAL C. EUR 150 MILLION .SHARES TO BE OFFERED TO THE SHAREHOLDERS ON A PRE-EMPTIVE BASIS, IN THE RATIO OF 17 NEW SHARES FOR EVERY 5 SHARES HELD, FOR A SUBSCRIPTION PRICE EQUAL TO EUR 0.704 PER EACH NEW SHARE nFWN1Y20O7.  Full Article

Safilo Obtains Waiver On Covenants As Of June 30 And Dec. 31, 2018 - Slides
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Safilo says in slides for its conference call after 9-month and Q3 results::SAYS CURRENT REVOLVING CREDIT FACILITY EXTENDED FROM 30 NOVEMBER 2018 TO 31 JANUARY 2019 - SLIDES.SAYS OBTAINED WAIVER OF THE COVENANT TESTS AS OF 30 JUNE AND 31 DECEMBER 2018 - SLIDES.  Full Article