MILAN — Safilo Group Spa on Thursday reported a decline in second-quarter profits and revenues from the year-ago period, following a series of one-off effects that impacted the bottom line and the impact of the Armani license termination, which — coupled with a strengthening of the euro — weighed on the top line.
Excluding the sales from Armani brands not renewed at the end of 2012, the company reported a 6 percent increase in organic sales growth in the core sunglasses and prescription frames segments for the period, on the back of “good performances recorded in a number of countries in continental Europe, in key accounts and the travel retail business,” Safilo said after the close of trading in Milan.
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