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Safilo reports profit decline

Italian eyewear group Safilo recently released its 2023 performance financial report, indicating a 4.8% YoY decrease in sales to approximately $1.13 billion (€1.02 billion), with adjusted net profit plummeting 76% to approximately $15.6 million (€14 million). Regionally, sales in the North American market decreased by 6.4% to approximately $498.3 million (€453 million) calculated at a fixed exchange rate, European market sales dropped 0.6% to approximately $453.98 million (€411.8 million), sales in the Asia-Pacific market increased by 9.1% to approximately $65.89 million (€59.9 million), and sales in other markets rose by 3.9% to approximately $111.1 million (€101 million).

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