Difficult third quarter for Safilo

november 9, 2011

Post image for Difficult third quarter for Safilo

In the third quarter of this year Safilo suffered from less favourable exchange rates which were partly responsible for a decrease in sales of 3,2%. At constant exchange rates this would have been an increase of 4,1%. The first nine months however still show an increase of 1,9%. The figures are also influenced by the change in the scope of the retail operations. Like for like the stores did well with an increase of 7,5% in the third quarter and 7,1% in the first nine months. Wholesale in America in dollars increased with 7,4% but this increase disappeared completely due to the devaluation of the dollar against the euro. Asia and Latin America performed very well whereas sales in Europe decreased with 4,8%.

Be Sociable, Share!

Previous post:

Next post: