Investor Relations

You are in: Home > Investor Relations > Financial Highlights > Income statement

Print Page E-mail Page Bookmark this page 

Income statement

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.

Income Statement
(Millions of euros)
2018
%
2017°
%
Chan. %
Net sales962.9100.0% 1,035.4 100.0% -7.0%
- Cost of sales(481.3)(50.0%)(515.9) (49.8%) -6.7%
Gross Profit481.550.0%519.6 57.1% -7.3%
- Selling and marketing expenses(386.3)(40.1%)(415.5) (40.9%) -7.0%
- General and administrative expenses(135.5)(14.1%)(153.4) (13.4%) -11.6%
- Other operating income/(expenses)34.43.6%33.2 3.2% n.s.
- Impairment loss on goodwill 0.00.0%(192.0) (12.0%) -100.0%
Operating profit/(loss)(5.9)(0.6%)(208.2) (9.3%) -97.2%
- Financial charges, net(17.3)(1.8%)(14.0) (0.5%) n.s.
Profit/(Loss) before taxation(23.2)(2.4%)(222.2) (9.8%) -89.5%
- Income Taxes(9.2)(1.0%)(29.4) (1.6%) -68.7%
 - Net profit/(loss) attributable to minority interests - - --
Net profit/(loss) attributable to the Group(32.4)(3.4%)(251.6) (11.3%) -87.1%
EBITDA41.7 4.3% 25.9 6.5% 61.2%
Adjusted economic KPI *
(Millions of euros)
2018
%
2017°
%
Chan. %
Adjusted EBITDA 47.5 4.9% 41.1 4.0% 15.5%
Adjusted Operating profit/(loss) 0.0 0.0% (0.8) -0.1% n.s.
Adjusted Net profit/(loss) attrib. to the Group (26.7) -2.8% (47.1) -4.5% -43.2%

°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.

*In 2018, the adjusted economic results exclude non-recurring costs for Euro 5.8 million, mainly related to the CEO succession plan and reorganization costs in North America and Europe, and include an income of Euro 39.0 million, annual portion of the total Euro 90 million accounting compensation for the early termination of the Gucci license.


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.


Last updated: May 9, 2019

© 2009-2018 Safilo Group S.p.A. - P.IVA 03032950242. All rights reserved.

Accessibility | Legal Disclaimer | Privacy Policy