By  on May 9, 2018

MILAN — Safilo Group SpA on Wednesday said that it made a “significant recovery” in the first quarter of the year — a period of transition that saw former chief executive officer Luisa Delgado leave the company and new ceo Angelo Trocchia take the reins — as the company recovered from problems with the implementation of a new information system rolled out at the Padua distribution center in the first quarter of 2017.

In a statement released after the close of trading in Milan, where the company is listed, Safilo said first-quarter net sales were up 6.9 percent at current exchange rates to 250.9 million euros. At constant exchange rates, sales rose 15.4 percent.

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