This presentation may contain forward looking statements based on current expectations and projects of the Group in relation to future events. Due to their specific nature, these statements are subject to inherent risks and uncertainties, as they depend on certain circumstances and facts, most of which being beyond the control of the Group. Therefore actual results could differ, even to a significant extent, with respect to those reported in the statements.
1
H1 2021 CONFIRMED STRONG YOY REBOUND AND BUSINESS WELL ABOVE 2019
"We are very pleased that the second quarter continued the solid sales and profitability momentum of the first three months of the year, allowing us to close the first half of 2021 with a significant year on year rebound and well above H1 2019.
In the period, we continued to seize the business opportunities that our renewed brand portfolio provided us in our key markets...."
Angelo Trocchia, CEO
2
BUSINESS PERFORMANCE CONSISTENTLY DRIVEN BY OUR STRATEGIC PILLARS
Successfull rebalancing of the Group's brand portfolio, acquisitions + new licenses fully compensating terminated business
Organic business up high-single digits, with broad based growth across our core brands
USA, China, prescription frames and Smith sport products driving the highest momentum
Online business soaring behind our strongholds, IPPs and digital DTC business, compensating still subdued wholesale sunglass business
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Q2 2021 TRADING UPDATE
EXCEPTIONAL YEAR ON YEAR REBOUND OF GROWTH, WITH SALES AND PROFITS 2x/3x vs Q2 2020
FURTHER, SOLID GROWTH vs Q2 2019
Q2 2021
NET SALES €259.4M
ADJUSTED1 EBITDA €23.8M
ADJ.1 EBITDA MARGIN 9.2%
vs Q2 2020
vs Q2 2020
vs Q2 2019
vs Q2 2019
+9.4%
+137.1%
+169.9%
+12.2%
@constant FX
@constant FX
+39 pps
+70 bps
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Safilo Group S.p.A. published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 16:22:03 UTC.
Safilo Group SpA is an Italy-based holding company of the Safilo Group (the Group). The Group manufactures sunglasses and prescription eyewear and is engaged in the design, production, wholesale and retail distribution of products for the eyewear market. The Group operates a number of brands grouped into own brands and licensed brands. The Group's own brands consists of house brand collections of optical frames, sunglasses, technical glasses, ski goggles and helmets and includes the Safilo, Carrera, Polaroid, Smith Optics and Oxydo brands. The licensed brands portfolio includes Alexander McQueen, Banana Republic, BOSS, BOSS Orange, Bottega Veneta, Celine, Dior, Fossil, Gucci, HUGO, J.Lo by Jennifer Lopez, Jimmy Choo, Juicy Couture, Kate Spade, Liz Claiborne, Marc Jacobs, Marc by Marc Jacobs, Max Mara, Max&Co, Pierre Cardin, Saint Laurent, Saks Fifth Avenue and Tommy Hilfiger. It operates through 30 owned subsidiaries in America, Europe and Asia and through a network of distributors.