Safilo jumps on 'encouraging' Q1 amid tariff uncertainty

Safilo SpA

08/05/2025 09:27

** Shares in Italy's Safilo SFLG.MI rise as much as 10.5% after the eyewear maker posted on Wednesday Q1 results above expectations

** Safilo's Q1 revenues, that came at 285.8 million euros  ($322.58 million), margins, and free cash flow were "better than expected," brokerage Equita says

** The results "evidence a solid and encouraging start" to 2025, brokerage Stifel says

** Both Equita and Stifel note the group's intention to reduce Chinese sourcing to below 40% in the next 12 months from the 70% of 2024

** Still, the brokerages point out that U.S. consumer environment remains highly uncertain due to tariffs

** Shares are up around 7% as of 0821 GMT

($1 = 0.8862 euros)

 (Reporting by Philippe Leroy Beaulieu)

 ((Philippe.leroybeaulieu@thomsonreuters.com))