Q3 and First 9 Months of 2019 Trading Update
(WorldNews Italy)

Q3 2019 continues the Group`s positive momentum in sales and cost reduction Highlights in the first 9 months of 2019: Net sales of the continuing operations reached Euro 708.7 million, up 5.2% (+2.7% at constant exchange rates), with the wholesale revenues1 up 6.4% (+3.7% at constant exchange rates); Adjusted2 EBITDA (pre-IFRS 16) of the continuing operations stood at Euro 43.9 million, with a margin on sales of 6.2%. This result is in line with that recorded in the first 9 months of 2018 which however included the income of Euro 29.3 million for the early termination of the Gucci license. Padua, November 12 2019 - The Board of Directors of Safilo Group S.p.A. has today reviewed and approved...