Safilo closes the quarter and renews the agreement with Jimmy Choo

In accordance with the European Union’s Transparency Directive regarding the obligation to publish interim management statements, Safilo has decided to release on a voluntary basis a trading update for its first quarter and third quarter economic and financial KPIs. In the first quarter of 2016, its net sales reached Euro 301.6 million (-7.0% at current exchange rates and 6.6% at constant exchange rates, compared to Euro 324.3 million in the first quarter of 2015). Q1 2016 Gross Profit was Euro 184.2 million (-6.3% compared to Euro 196.6 million in the first quarter of 2015). Its Net Debt stood at Euro 109.7 million (-14.5% compared to Euro 128.3 million at the end of March 2015). The Group has also announced the early renewal of their agreement for the Jimmy Choo Eyewear collection, which has now been extended to December 31, 2023. It also includes the men’s collection, with a first capsule edition in January 2018.