Safilo Group

Safilo Group reported a slight revenue decline in the first half of 2026 (-1.9% at constant exchange rates) but delivered a marked improvement in gross margin (73.1% in Q2) and adjusted EBITDA (EUR 49m in Q2, +75.2%). The company generated solid free cash flow (about EUR 46.9m normalized in H1) and benefited from duty refunds, a better price mix and cost control. Management expects a recovery in the second half, particularly in North America, and is investing part of the tariff benefits in IT, digital business and marketing. Safilo also completed the acquisition of Spy and Serengeti for EUR 21.5 million, aimed at strengthening its sport/outdoor portfolio. » Altro su de.investing.com

Safilo reports Q1 2026 sales of €272.9m (−4.5% reported, +0.4% at constant exchange rates) and a marked margin expansion: gross margin rose 150 basis points to 62.0% and adjusted EBITDA increased 7.9% to €37.1m. Free cash flow amounted to €12.6m (€17.5m before share buyback) and net debt fell to €30.1m; net financial position before IFRS16 turned positive. Regional strength was seen in Europe and North America at constant exchange rates, while Asia and the Middle East were weaker; management emphasizes strategic discipline to navigate ongoing uncertainties. » Altro su de.investing.com

At constant exchange rates, Safilo Group’s revenue in Q1 2026 rose 0.4% to €272.9 million, while reported revenue fell 4.5% due to the US dollar’s weakness. Gross margin improved to 62% and adjusted EBITDA increased 7.9% to €37.1 million; free cash flow was €12.6 million. Management revised EPS and revenue guidance for 2026/27 and cites operational efficiency and acquisitions (SPY+, Serengeti) as growth levers. Currency risks, geopolitical tensions and cost inflation remain key challenges; the stock gained 5.75%. » Altro su de.investing.com