Italian eyewear company Safilo posted Q1 sales of 272.9 million euros ($321.6 million), down 4.5% at current exchange rates but up 0.4% at constant rates, as a weaker dollar and soft Asia-Pacific demand offset gains elsewhere. EBITDA rose to 37.1 million euros ($43.7 million), or 13.6% of sales — up 160 basis points YoY — while gross industrial margin climbed to 62%. Europe led with 129.9 million euros ($153.1 million) in sales, up 0.8%, while North America totaled 109.7 million euros ($129.3 million), down 7.7% at current rates. Asia-Pacific fell 18% to 11.8 million euros ($13.9 million).

Related reading: EssilorLuxottica prepared to buy 5%-10% of Armani: Il Sole