H1 2021 Results
August 3, 2021
H1 2021 Results
August 3, 2021
DISCLAIMER
This presentation may contain forward looking statements based on current expectations and projects of the Group in relation to future events. Due to their specific nature, these statements are subject to inherent risks and uncertainties, as they depend on certain circumstances and facts, most of which being beyond the control of the Group. Therefore actual results could differ, even to a significant extent, with respect to those reported in the statements.
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H1 2021 CONFIRMED STRONG YOY REBOUND AND BUSINESS WELL ABOVE 2019
"We are very pleased that the second quarter continued the solid sales and profitability momentum of the first three months of the year, allowing us to close the first half of 2021 with a significant year on year rebound and well above H1 2019.
In the period, we continued to seize the business opportunities that our renewed brand portfolio provided us in our key markets...."
Angelo Trocchia, CEO
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BUSINESS PERFORMANCE CONSISTENTLY DRIVEN BY OUR STRATEGIC PILLARS
- Successfull rebalancing of the Group's brand portfolio, acquisitions + new licenses fully compensating terminated business
- Organic business up high-single digits, with broad based growth across our core brands
- USA, China, prescription frames and Smith sport products driving the highest momentum
- Online business soaring behind our strongholds, IPPs and digital DTC business, compensating still subdued wholesale sunglass business
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Q2 2021 TRADING UPDATE
EXCEPTIONAL YEAR ON YEAR REBOUND OF GROWTH, WITH SALES AND PROFITS 2x/3x vs Q2 2020
FURTHER, SOLID GROWTH vs Q2 2019
Q2 2021
NET SALES €259.4M | ADJUSTED1 EBITDA €23.8M | ||||||||||
ADJ.1 EBITDA MARGIN 9.2% | |||||||||||
vs Q2 2020 | vs Q2 2020 | vs Q2 2019 | |||||||||
vs Q2 2019 | |||||||||||
+9.4% | |||||||||||
+137.1% | +169.9% | +12.2% | |||||||||
@constant FX | @constant FX | +39 pps | +70 bps | ||||||||
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Safilo Group S.p.A. published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 16:22:03 UTC.