Safilo reported preliminary 2024 revenue of 993.2 million euros ($1.07 billion), marking a 2.3% YoY decrease at constant exchange rates compared to 2023, primarily due to the end of the Jimmy Choo license. Despite this, Q4 showed better performance, with a 1.1% decline at constant exchange rates, driven by stronger results in emerging markets. Regionally, Europe saw a 1.6% revenue growth, while North America dropped by 5.2%. Revenue in Asia-Pacific and the rest of the world declined by 2.1% and 5.9%, respectively. The company improved its gross industrial margin to 59.7%, with an adjusted EBITDA margin of 9.4%, up 40 basis points from 2023. Looking ahead, Safilo plans to focus on strengthening its brand portfolio and strategically investing resources to drive growth in 2025.