** Shares in Italy's Safilo rise as much as 8.9% after the eyewear maker posted Q4 preliminary results ahead of expectations on core profit margin and free cash flow
** Its adjusted EBITDA margin for the October-December period came in at 8.8% and it generated a positive FCF of 16 million euros ($19.09 million), ahead of Equita's forecast of 7.4% and 0.3 million euros respectively
** Q4 revenues are in line with the broker's expectations at 225 million euros, up 0.4% year-on-year at constant exchange rates, with Equita estimating a 2% increase at constant FX excluding the impact of the sale of sunglass lens maker Lenti
** "Compared to our current estimates, we see the qualitative indication a little more cautious as organic growth, but supportive as EBITDA and FCF," adds the broker
** Safilo's stock is up 5.6% YTD and over 92% from Jan 30, 2025
($1 = 0.8379 euros)
(Reporting by Enrico Sciacovelli)
((enrico.sciacovelli@thomsonreuters.com))