Italy's Safilo jumps after Q2 earnings beat

Safilo SpA

01/08/2025 10:25

** Shares in Safilo SFLG.MI jump around 9% after the Italian eyewear group reported a beat on its second-quarter earnings

** Equita notes that adjusted EBITDA rose 9% to 27.9 million euros, beating expectations for flat performance, on stable costs and improved channel/product mix

** The broker reaffirms its "buy" rating on the stock and lifts its PT by 7% to 1.60 euros, citing strong Q2 profitability and resilient sales

** Equita adds that Safilo does not see the need for further price increases to manage tariffs impact, with price hikes so far also causing no negative reaction

** Still, it notes "the impacts of an inflationary scenario on consumption will have to be monitored"

($1 = 0.8764 euros)

 (Reporting by Laura Contemori)

 ((Laura.contemori@thomsonreuters.com))