Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
The latest update is out from Safilo Group SpA ( (IT:SFL) ).
Safilo Group S.p.A. reported a challenging financial year for 2024, with a slight decrease in net sales due to the conclusion of the Jimmy Choo license. Despite this, the company improved its gross margin to 59.7% and adjusted EBITDA margin to 9.4%, thanks to strategic reorganization and enhanced industrial efficiency. The acquisition of the perpetual license for Eyewear by David Beckham strengthened their brand portfolio, which alongside brands like Carrera and David Beckham, saw considerable growth. The company also maintained a stable net financial debt and positive free cash flow. Looking ahead to 2025, Safilo aims to continue focusing on brand portfolio growth and resource optimization.
More about Safilo Group SpA
Safilo Group S.p.A. operates in the eyewear industry, focusing on designing, manufacturing, and distributing a diverse range of optical frames and sunglasses. The company has a strong market presence in Europe and North America, and it continues to enhance its brand portfolio through strategic licenses, such as the perpetual license for Eyewear by David Beckham.
YTD Price Performance: 5.04%
Average Trading Volume: 46,013
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €405.5M
See more data about SFL stock on TipRanks’ Stock Analysis page.
