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As of 4:30 PM 01/6/15 All times are local (Market data is delayed by at least 15 minutes).

safilo group spa-adr (SAFLY) Key Developments

Safilo Group S.p.A. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Safilo Group S.p.A. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s net sales were EUR 350.6 million compared to EUR 313.1 million a year ago. Operating profit was EUR 18.6 million compared to EUR 24.7 million a year ago. Profit before taxation was EUR 13.53 million compared to EUR 21.67 million a year ago. Net profit attributable to owners of the parent was EUR 6.9 million or EUR 0.110 per diluted share, compared to EUR 12.86 million or EUR 0.206 per diluted share, a year ago. Adjusted EBITDA was EUR 30.2 million, down 16.9% compared to the adjusted EBITDA of EUR 36.3 million recorded in the same period of 2014. Adjusted EBITDA margin was 8.6% of net sales in second quarter of 2015, compared to 11.6% in second quarter of 2014. Adjusted EBIT was EUR 19.8 million, down 28.7% compared to the adjusted EBIT of EUR 27.7 million registered in second quarter of 2014. Adjusted EBIT margin was 5.6% of net sales in second quarter of 2015, compared to 8.8% in second quarter of 2014. Group adjusted net result equaled a profit of EUR 7.7 million, down 49.0% compared to the adjusted net result of EUR 15.0 million recorded in second quarter of 2014. For the year to date, the company’s net sales were EUR 674.93 million compared to EUR 606.3 million a year ago, grew by 11.3%. The main growth contributors were key Western European countries, North America, MEA and Latin America. Operating profit was EUR 40.72 million compared to EUR 51.51 million a year ago. Profit before taxation was EUR 16.9 million compared to EUR 46.2 million a year ago. Net profit attributable to owners of the parent was EUR 8.4 million or EUR 0.133 per diluted share, compared to EUR 29.3 million or EUR 0.468 per diluted share, a year ago. Cash flow from operating activities was EUR 67.02 million compared to EUR 11.71 million a year ago. Purchase of property, plant and equipment was EUR 12.74 million compared to EUR 12.22 million a year ago. Purchase of intangible assets was EUR 2.6 million compared to EUR 4.97 million a year ago. Group net debt was EUR 110.1 million compared to EUR 166.1 million a year ago. First half of 2015 adjusted EBITDA was EUR 62.7 million, down 12.6% compared to the adjusted EBITDA of EUR 71.7 million recorded in the same period of 2014. Adjusted EBITDA margin was 9.3% of net sales in first half of 2015, compared to 11.8% in first half of 2014. Adjusted EBIT was EUR 43.1 million, down 21.0% compared to the adjusted EBIT of EUR 54.5 million registered in first half of 2014. Adjusted EBIT margin was 6.4% of net sales in first half of 2015, compared to 9.0% in first half of 2014. Group adjusted net result equaled a profit of EUR 9.9 million, down 68.5% compared to the adjusted net result of EUR 31.5 million recorded in first half of 2014.

Safilo Group S.p.A., Q2 2015 Earnings Call, Aug 04, 2015

Safilo Group S.p.A., Q2 2015 Earnings Call, Aug 04, 2015

Safilo Group Intends to Relocate North American Headquarters

Safilo Group has announced the intent to relocate its North American headquarters which is currently co-located with a Distribution Center in Parsippany, NJ.

Safilo Group S.p.A. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Safilo Group S.p.A. reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net sales were €324.303 million against €293.203 million a year ago. Operating profit was €22.130 million against €26.818 million a year ago. Profit before taxation was €3.353 million against €24.478 million a year ago. Net profit attributable to owners of the Parent was €1.449 million or €0.023 per diluted share against €16.462 million or €0.262 per diluted share a year ago. EBITDA was €31.363 million against €35.444 million a year ago. Cash flow from activities was €37.102 million against cash flow for operating activities of €17.036 million a year ago. Purchase of property, plant and equipment was €4.814 million against €5.074 million a year ago. Purchase of intangible assets was €1.089 million against €1.121 million a year ago. Adjusted EBITDA declined by 8.2% to €32.6 million. At the end of March 2015, the Group net debt declined to €128.3 million from €207.5 million a year ago. Adjusted EBIT was €23.3 million compared to €26.8 million registered in first quarter of 2014. Adjusted net result equaled a profit of EUE 2.3 million compared to the net result of €16.5 million recorded in first quarter of 2014.

Safilo Group S.p.A., Q1 2015 Earnings Call, Apr 27, 2015

Safilo Group S.p.A., Q1 2015 Earnings Call, Apr 27, 2015

 

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