Safilo shines as Q4 sales show improving year-end trend

Safilo SpA

31/01/2024 11:24

** Shares in Safilo  SFLG.MI  rise as much as 7.3% after the
Italian eyewear maker posted a rise in Q4 sales
    ** The Padua-base company reported Q4 net sales at 238.7
million euros ($258.35 million), up 1.7% y/y at constant
exchange rates, which marks the best quarterly growth in net
sales over last year
    ** "The fourth quarter results show an improving trend in
the last few months of the year," a Milan-based trader says
    ** At 1113 GMT, the stock trades up 6.2%, outperforming
Italy's All-Share index  .FTITLMS  which rises 0.7%
    
($1 = 0.9240 euros)

 (Reporting by Enrico Sciacovelli, Alberto Chiumento, Andrea
Mandalà)
 ((enrico.sciacovelli@thomsonreuters.com))