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The following tables show figures from the consolidated financial statements. You can select your preferred periods from the drop-down menu. All data can be downloaded in Excel format.
The Safilo Group fiscal year ends in December.

Select Period:
Income Statement
(Millions of euros)
2017°
2016
2015
2014
2013
Net sales1,035.41,252.9 1,279.0 1,178.7 1,121.5
Gross profit519.6 715.6 757.0 718.6 683.7
EBITDA25.9 80.9 82.4 110.7 111.7
Operating profit/(loss)(208.2) (116.3) 0.8 75.3 74.7
Net profit/(loss) attrib. to the Group(251.6) (142.1) (52.7) 39.1 15.5
Key data per share
Shares outstanding62,659,965 62,659,965 62,629,965 62,534,965 62,199,965
Basic EPS(4.015) (2.269) (0.843) 0.625 0.251
°The new accounting standard IFRS 15 regarding “Revenue from contracts with customers” entered into effect starting from 1 January 2018. Following the fully retrospective approach chosen by the Group, the application of the principle to FY 2017 total net sales had an adjustment effect on the sales and cost of goods sold equal to Euro 11.6 million with a neutral effect on the gross profit.
Balance Sheet
(Millions of euros)
2017
2016
2015
2014
2013
Net working capital231.6 261.7 277.7 303.1 246.9
Tangible & intangible fixed assets473.3 710.0 843.7 841.2 783.0
Financial fixed assets-- - 7.6 8.4
Non-current assets held for sale 1.3 1.5 9.9 - -
Other assets/(liabilities) (41.3) (52.1) (42.8) (14.4) (9.7)
Net capital employed 664.9 921.2 1,088.5 1,137.5 1,028.6
Net financial position131.6 48.4 89.9 163.3 182.5
Minority interest-- 1.1 2.7 3.0
Shareholders' equity533.2 872.8 997.5 971.5 843.1

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Cash Flow
(Millions of euros)
2017
2016
2015
2014
2013
Cash from operating activities prior to changes in working capital4.9 47.0 61.1 68.2 51.1
Changes in working capital(36.0) 42.0 53.7 (41.3) 17.5
Cash from operating activities (31.1) 89.1 114.8 26.9 68.6
Cash from financing activities (39.0) (44.3) (40.0) (39.3) (40.2)
Free cash flow (70.1) 44.7 74.8 (12.4) 28.4

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Number of Employees
2017
2016
2015
2014
2013
Headquarters 1,131 1,065 1,040 1,021 991
Production 3,910 4,117 4,141 4,158 4,753
Commercial 1,335 1,141 1,319 1,423 1,402
Retail 733 805 825 912 907
Total 7,109 7,128 7,325 7,514 8,053

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Adjusted economic KPI*
2017
2016
2015
2014
2013
Adjusted EBITDA 41.1 88.8102.4 118.4 121.8
Adjusted Operating profit/(loss) (0.8) 43.5 61.4 83.0 84.8
Adjusted Net profit/(loss) attrib. to the Group (47.1) 15.46.944.539.0

*In 2017, the adjusted economic results exclude: (i) an impairment charge on the goodwill allocated to the Group’s cash generating units for Euro 192.0 million and (ii) non-recurring costs for a total of Euro 15.3 million (Euro 15.2 and 12.5 million, respectively on EBITDA and Net result) related to the reorganization of the Ormoz plant in Slovenia, cost saving and restructuring initiatives, and to some legal litigations; include: (i) an income of Euro43 million, annual portion of the total Euro 90 million accounting compensation for the early termination of the Gucci license.

In 2016, the adjusted economic results exclude: (i) an impairment loss on the goodwill allocated to the Far East cash generating unit for Euro 150.0 million and (ii) non-recurring restructuring costs for a total of Euro 9.8 million (Euro 7.9 and 7.5 million, respectively on EBITDA and Net result) due for Euro 8.6 million to overhead cost saving initiatives, such as the integration of Vale of Leven (Scotland) Polaroid lens production into Safilo’s China based corporate supply network and for Euro 1.2 million to commercial restructuring costs in the EMEA region; include: (i) an income of Euro 8 million related to part of the total Euro 90 million accounting compensation for the early termination of the Gucci license, and (ii) an expense of Euro 4 million related to the final acceleration to P&L of Gucci prepaid royalties.

In 2015, the adjusted economic results exclude: (i) an impairment loss on the goodwill allocated to the Far East cash generating unit for Euro 40.5 million, (ii) commercial restructuring costs in the EMEA region for Euro 1.2 million, other non-recurring costs for Euro 1.8 million mainly related to the consolidation of the Group’s North American distribution network into its Denver facility and Euro 17.0 million for a provision for other risks and charges in relation to the investigation of the French Competition Authority.

In 2014, the adjusted economic results exclude non-recurring costs related to Executive Officers succession plans for 3.3 million Euro, to Smith Sport Optics restructuring for 2.5 million Euro, and to other restructuring costs for 1.9 million Euro.

In 2013, the adjusted economic results exclude: (i) non-recurring items related to the CEO succesion plan for 6.2 million euro and to other restructuring costs for Euro 3.9 million; (ii) non-recurring costs in the line taxes for Euro 13.4 million mainly related the Company's best estimate of tax assessment in Italy for years 2007 to 2011. This estimate is reasonable and consistent with the definition which took place on February 27, 2014 covering all the years.

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