The Board of Directors of Safilo Group S.p.A. has reviewed and approved the economic and financial results of the first half of 2025*.
Angelo Trocchia, Safilo Chief Executive Officer, commented: “Throughout the second quarter we continued to demonstrate our ability to adapt to the layers of uncertainty created by geopolitical tensions and evolving macroeconomic pressures. Our sales rose by 2.3% at constant exchange rates, supported by the continued recovery of the business in North America, and the resilience of the European market.
NET SALES PERFORMANCE
In Q2 2025, Safilo’s net sales totalled Euro 251.9 million, up 2.3% at constant exchange rates but down 1.1% at current exchange rates, mainly due to the approximately 5% weakening of the US dollar against the Euro. Consistent with Q1, sales performance at constant currencies was positive across most of the Group’s core brands, driven once again by the double-digit growth of David Beckham, BOSS, Tommy Hilfiger and Marc Jacobs, while Carrera and Carolina Herrera recorded high-single-digit increases. Across product categories, the second quarter was underpinned by solid demand for prescription frames in all key markets, helping to offset the softer performance of sunglasses, influenced by more prudent consumer spending and continued promotional pressures, especially in the United States. Safilo closed the first half of 2025 with net sales of Euro 537.6 million, up 2.3% at constant exchange rates and 1.1% at current exchange rates compared to Euro 532.0 million in the first half of 2024. In the semester, sales in the core wholesale channels, namely independent opticians and retail chains, recorded a solid highsingle digits growth. The online business was moderately positive in the period, remaining stable at 16% of revenues. Solid growth in Smith’s direct-to-consumer channel and continued strong sales to internet pure players offset the subdued performance of Blenders’ e-commerce business.
Q2 and H1 sales by geographic area confirmed positive trends in North America, Europe and Asia-Pacific, while the Rest of the World region remained in negative territory.
Click here to learn more.
*The auditing process on the 2025 first half report is still ongoing.
