Last week Safilo published its first quarter results of this year. Sales decreased with 1,3% compared to the first three months of last year but both operating and net profit increased significantly which indicates Safilo finally successfully improves efficiency and organization. Of course, like every European company, it suffers from the strong Euro. At constant exchange rates sales would have increased. In Europe results were relatively good with best performances in Germany and the UK. Sales of the own stores showed a decrease of 5,2% compared to the first quarter of last year. On a yearly basis the average (Solstice) store has a turnover of only 500.000 euro.
