Although the published figures until now aren’t spectacular good and the company recently announced the completely unexpected replacement of CEO Vedovotto, the financial markets seem to have confidence in Safilo’s future. Apparently investors like the way the loss of the Armani license was solved as well as the acquisition of Polaroid, the renewal of some major licenses and the efficiency improvements. Share price increased in the last 12 months with 300% from about 5 euro to more as 15 euro. Let’s see what the effect of the half year figures will be.
