Safilo results for the first nine months of 2015

In the first nine months of 2015, net sales for the Safilo Group grew by 10.6% at current exchange rate and at 1.0% at constant exchange rates compared to the same period for the previous year. Net sales in the third quarter grew by 9.0% at current exchange rates and 0.9% at constant exchange rates compared to the third quarter of 2014, confirming the very sound performance in Europe, North America and the new Middle East area. Results were less positive for the Asian and Brazilian markets. In the first nine months of 2015, gross profit grew by 6.8%, with a gross margin equal to 60.2% of revenue. In the third quarter, gross profit grew by 6.6%, with the gross margin decreasing to 58.8% of revenue, influenced by the negative impact of exchange rates. In the first nine months, Safilo recorded a Free Cash Flow of 66.8 million euro, reducing net debt below 100 million euro, to 97.1 million euro, for the first time.