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SFL Safilo SpA News Story

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Shares in Safilo shine after posting Q4 EBITDA, FCF ahead of estimates

** 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))

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