All Safilo articles – Page 3
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ArticleMaterialise sees its eyewear volumes triple within 5 years
Created in 2014, the eyewear division of Materialise, the Belgian-based 3D printing specialist, has introduced several innovations for 3D-printed glasses and has established itself as the market leader in the field. Ahead of the Silmo trade show, we sat down with Alireza Parandian, the unit’s manager, to reflect on the ...
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ArticleSales growth and higher margins put Safilo ahead of 2024 business target
The Safilo Group has reported a 4.0 percent year-on-year growth in revenue for the second quarter of 2022 at constant exchange rates, with total sales reaching €288.3 million. In reported terms, the topline was up by 11.2 percent compared to 2021. On an organic basis, a calculation that only includes ...
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News briefs
Safilo expands use of Eastman’s sustainable materials
After having been one of the early adopters of Eastman’s Acetate Renew and Tritan Renew materials, the Safilo Group has announced that it would start using the U.S. chemicals company’s Tenite Renew starting January 2023. Tenite Renew is produced via Eastman’s carbon renewal technology and composed of a minimum of ...
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News briefs
Smith Optics hires new global VP of product
U.S. goggles and helmets specialist Smith, a subsidiary of Safilo Group, has named Scott Randall as global vice president of product. Randall started his career in retail with Nike Australia before being hired at Oakley. Staying at Oakley for 18 years, he had been working at the brand’s headquarters in ...
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Safilo Group joins The Fashion Pact
SAFILO GROUP has joined The Fashion Pact, a global sustainability coalition of companies in the fashion and textile industry, the company announced earlier this week. According to its website presentation, The Fashion Pact was launched at the G7 Summit in Biarritz, France, in 2019 as a mission given to Kering ...
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ArticleTopology rolls out its technology outside North America
At the last edition of the Mido show in Milan, Safilo and Topology, a Californian-based tech company, presented their jointly developed digital platform which was launched in the U.S. and Canada at the end of last year by the American subsidiary of the Italian group. Based on Topology’s technology, the ...
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ArticleEuropean rebound fueled Safilo Q1 growth
After having posted a slight decline in net sales for the last quarter of 2021, the Safilo Group resumed its growth trajectory in Q1 2022, posting revenues of €282.6 million, up by 8.4 percent in constant currencies compared to the same period last year. The company stressed that its sales ...
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News briefsSafilo appoints president & CCO for North America
Francesco Rinaldi Ceroni is to become Safilo Group’s president & chief commercial officer for North America on June 1, in replacement of Steve Wright, who is retiring. Rinaldi Ceroni has been with Safilo since June 2020, serving as president & global general manager of the Smith Optics brand. Before that ...
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ArticleEyewear industry stock prices down 13% in Q1
The first quarter of 2022 was the worst quarter for global equity markets since the first quarter of 2020 when the Covid-19 pandemic started spreading worldwide, leading to travel restrictions and lockdowns and prompting stock markets to collapse in March. Since the start of this year, the U.S. equity market ...
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ArticleGood start of the year for Safilo
The board of directors of Safilo Group has approved the annual results of the company for the 2021 fiscal year, which showed strong improvements both in terms of revenue and profitability versus 2020 and 2019. As we have already covered the group’s performance extensively at the end of January after ...
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News briefs
Carrera secures licensing deal with Ducati
Carrera has signed a four-year partnership with Ducati Corse, the motorcycle make’s racing team. As of this year, the Safilo-owned brand’s logo will be appearing on the team’s bikes. The deal includes in addition a licensing deal for a line of dual-brand sunglasses and optical frames for motorcycling. Especially in ...
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ArticleSafilo boosts profitability as sales top pre-pandemic level
Safilo reported a strong improvement in profitability in 2021, with sales exceeding their pre-pandemic level despite faltering in the fourth quarter and as an overhaul of its brand portfolio bore fruit. The Italian eyewear manufacturer’s Ebitda margin jumped to 8.7 percent of sales from breakeven the year earlier and a ...
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News briefs
Smith hires a marketing head away from Oakley
Smith, the U.S.-based producer of snow goggles, sunglasses and helmets owned by Safilo, has announced the appointment of Taryn Ryan as global head of marketing. Born in South Africa, she joined the Luxottica Group in 2008 as a buyer for its Sunglass Hut retail chain. Two years later, she was ...
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ArticleTop 5 eyewear companies’ stock prices up 4.6 % in Q4
We are updating here our quarterly chart on the evolution of stock prices for the public companies in the eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. We are also publishing a ranking of these 22 companies based on their stock market value. ...
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News briefs
Safilo’s Smith brand introduces custom, 3D-printed goggles
Safilo Group, the Italian eyewear company, has begun 3D-printing products through its American brand of sports glasses, Smith, with what it calls Imprint 3D Technology. One result is the Smith I/O MAG Imprint 3D goggle, which it claims to be the “first custom goggle built to the individual features of ...
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News briefs
Safilo extends Special Olympics parnership
Safilo Group renewed until 2024 its partnership with Special Olympics, an international non-profit organization dedicated to helping people with intellectual disabilities. Since the partnership started in 2003, Safilo has donated over 1.3 million frames and sunglasses to Special Olympics athletes across the world, as part of the Opening Eye program ...
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News briefs
Safilo to open subsidiary in Poland
Safilo has announced the opening of a new subsidiary in Poland, from Jan. 1, 2022. The company said the decision was based on the potential of the Polish market, with an interesting customer base in the premium, contemporary and lifestyle segments, and that it would focus on optical products. A ...
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ArticleSafilo up 11% in Q3 versus 2019
Announcing its Q3 and 9-month results yesterday, Safilo reported a double-digit growth in comparable sales as compared to 2019, driven as in the previous quarters by the U.S. market but this time also by a partial recovery in Europe. The combined effect of the revenue increase and the ongoing progress ...
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ArticleEyewear industry stock prices up 3.5% in Q3
We are publishing here our quarterly update on the evolution in stock prices of public companies operating in our core eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. As shown in the chart below, the non-weighted average growth for the 22 companies included ...
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News briefs
Safilo to use a sustainable alternative to precious metals
Safilo has announced that it will be the first company in the eyewear sector to use Metal X, a new product developed by the specialty chemicals’ group Coventya. The new material will be used for the surface finishing treatments of Safilo eyeglasses and sunglasses in place of precious metals, notably ...
