NEW YORK — Strong business in North America and Italy helped eyewear maker Safilo Group SpA post modest sales increases for the second quarter and first half of 2006.

Safilo, based in Padua, Italy, reported second-quarter sales that increased 8 percent to 303.3 million euros, or $382.2 million, from 280.8 million euros, or $353.8 million, a year ago. Dollar figures are at the average exchange rate for the quarter.

For the first half of the year, the company reported a net sales increase of 7.8 percent to 605.4 million euros, or $744.6 million, from 561.8 million euros, or $691 million, for the year-ago period.

Safilo cited robust sales of its licensed product and house brands as the key elements of the positive results. The firm pointed to performance in the Italian and U.S. markets, where sales increased 9.2 percent and 16.4 percent, respectively, during the first half. Net sales in Europe, excluding Italy, were off slightly, down 2.6 percent, for the six months ended June 30. All of Safilo’s geographic regions showed sales increases for the quarter.

“The positive sales trend confirms the soundness of our business formula and the group’s dynamic nature allows us to pursue every new growth opportunity,” Safilo chairman Vittorio Tabacchi said in a statement.

This story first appeared in the July 27, 2006 issue of WWD. Subscribe Today.

load comments
blog comments powered by Disqus