Safilo closes the first quarter with revenues at 277.2 million, down 1.8 percent at constant exchange rates, affected by weakness in the North American market and lower sales of Jimmy Choo, a brand under non-renewed license until the end of December 2023 and in phase-out until June 30, 2024.

Adjusted Ebitda was 32 million euros, down 1.3 percent, while adjusted Ebitda margin improved to 11.5 percent from 11.3 percent reported in the first quarter of 2023.

(Claudia Cristoferi, editing Gianluca Semeraro)