Safilo Group, the parent of Smith Optics as well as a number of other eyewear brands, said it expects sales to reach €1.26 billion in 2016, slightly contracting compared to the €1.28 billion recorded in full year 2015.
The results reflect a decline of 2.0 percent at current exchange rates and 1.2 percent at constant exchange rates and are a result of the negative impact of the brands that the Group stopped servicing. In the year, sales of the Going Forward Brands Portfolio increased 3.6 percent at constant exchange rates and were up 5.2 percent excluding its retail segment.
In the fourth quarter of 2016, Safilo’s total net sales equaled €313.7 million, sliding 1.7 percent at current exchange rates and also 1.7 percent at constant exchange rates. Sales of the Going Forward Brands Portfolio recorded a positive performance (+0.5 percent at constant currency and +2.3 percent excluding retail).
The figures in the press release were unaudited. Full Year and Fourth Quarter 2016 results are set to be released on March 15.
Eyewear brands under Safilo Group’s portfolio include Carrera, Polaroid, Smith, Safilo, Oxydo, Dior, Dior Homme, Fendi, Banana Republic, Bobbi Brown, BOSS, BOSS Orange, Céline, Elie Saab, Fossil, Givenchy, havaianas, Jack Spade, Jimmy Choo, Juicy Couture, kate spade new york, Liz Claiborne, Marc Jacobs, Max Mara, Max&Co., Pierre Cardin, Saks Fifth Avenue, Swatch and Tommy Hilfiger.
Photo courtesy Smith Optics
