By  on October 31, 2018

MILAN — Safilo Group SpA’s third-quarter sales dropped 9 percent to 221.5 million euros compared with 243.4 million euros in the same period last year, dented by soft business in North America and Europe and a negative performance in emerging markets, also due to a challenging comparison base.

On the other hand, the group progressed on the cost-saving initiatives, with higher efficiencies at the industrial level and of the ongoing savings in overhead expenses which helped to counterbalance a negative operating leverage and impact from foreign exchanges.

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