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Safilo Group Reports 2024 Financial Results with Strategic Focus on Sustainability and Brand Growth

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Safilo Group Reports 2024 Financial Results with Strategic Focus on Sustainability and Brand Growth

Safilo Group SpA ( (IT:SFL) ) just unveiled an announcement.

Safilo Group S.p.A. reported its 2024 financial results, highlighting a 2.3% decline in net sales due to challenges in the North American market and the end of the Jimmy Choo license, though growth was supported by strong performance in Europe. The company improved its gross industrial margin and adjusted EBITDA margin, strengthened cash generation, and made significant strides in sustainability by reducing emissions and increasing the use of recycled materials. Safilo’s strategic focus on brand portfolio management and sustainability initiatives positions it to navigate ongoing macroeconomic challenges while aiming for future revenue growth.

More about Safilo Group SpA

Safilo Group S.p.A. operates in the eyewear industry, focusing on the design, manufacture, and distribution of optical frames, sunglasses, and sports eyewear. The company has a balanced brand portfolio, including proprietary and licensed brands such as Carrera, David Beckham, Tommy Hilfiger, and Carolina Herrera, with a strong market presence in Europe.

YTD Price Performance: -0.43%

Average Trading Volume: 15,917

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €381.1M

For a thorough assessment of SFL stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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