Overview
At Safilo, the eyes always have it. The world's #2 eyewear maker behind Luxottica, Safilo makes and markets eyeglass frames, sports goggles, sunglasses, and accessories. A leader in luxury eyewear, it sells high-end products through sporting goods stores and opticians in some 130 countries under its own Smith, Carrera, Oxydo, Blue Bay, Polaroid, and Safilo brands and under license for Gucci, Giorgio Armani, Valentino, and Marc Jacobs, among others.
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Read More Safilo's shrunken retail arm operates 170 swank Solstice stores in the US, after selling its retail operations in Europe and Asia. Safilo was established by the Tabacchi family in 1934 after buying Italy's first lens and frame production plant, founded in 1878.
Read Less
Read More Safilo's shrunken retail arm operates 170 swank Solstice stores in the US, after selling its retail operations in Europe and Asia. Safilo was established by the Tabacchi family in 1934 after buying Italy's first lens and frame production plant, founded in 1878.
Read Less
EUGENIO RAZELLI
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Management, Scientific, and Technical Consulting Services
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Office Administrative Services
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Professional, Scientific, and Technical Services
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Management consulting services
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Administrative management
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
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Advertising, Public Relations, and Related Services
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Architectural, Engineering, and Related Services
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Computer Systems Design and Related Services
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Legal Services
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Other Professional, Scientific, and Technical Services
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Scientific Research and Development Services
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Specialized Design Services
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Actual
$1.11 billion
Actual
-4.83%
$855
DEC
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Italian:SFL
Contacts
Get in Touch with 21 Principals*
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EUGENIO RAZELLIPresident
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Contact 3?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2023
$1.11 billion
USD
Actual
1 USD = 0.92 EUR
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Operating Cash | $52 | $10 | $19 |
| Net Investing Cash | -$9 | -$17 | -$11 |
| Net Financing Cash | -$44 | -$18 | $2 |
| Net Change in Cash | -$2 | -$25 | $10 |
| Cash at Beginning of Period | $84 | $108 | $93 |
| Cash at End of Period | $81 | $84 | $108 |
| Capital Expenditure | -$14 | -$17 | -$22 |
| Assets (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $81 | $84 | $108 |
| Accounts Receivable | $221 | $233 | $189 |
| Inventories | $249 | $282 | $255 |
| Other Current Assets | $44 | $50 | $60 |
| Asset Summary | |||
| Total Current Assets | $595 | $648 | $611 |
| Tangible Fixed Assets | $133 | $161 | $166 |
| Intangible Assets | $118 | $145 | $154 |
| Total Assets | $855 | $960 | $938 |
| Liabilities (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $187 | $196 | $210 |
| Short-Term Debt | $33 | $33 | $22 |
| Other Current Liabilities | $94 | $111 | $106 |
| Liability Summary | |||
| Total Current Liabilities | $314 | $340 | $338 |
| Long-Term Debt | $96 | $128 | $143 |
| Other Long-Term Liabilities | $3 | $2 | $2 |
| Total Liabilities | $500 | $567 | $621 |
| Stakeholder's Equity (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Equity | |||
| Common Stock | $418 | $418 | $418 |
| Retained Earnings | -$36 | -$726 | -$816 |
| Equity Summary | |||
| Total Equity | $412 | $446 | $355 |
| Shares Outstanding | 413,745,466 | 413,687,781 | 413,555,769 |