SAFILO: Sound H1 publication and FY24 targets to be reached as early as this year! | BUY | EUR2 vs. EUR1.9
SAFILO - BUY | EUR2 vs. EUR1.9Sound H1 publication and FY24 targets to be reached as early as this year!
2% sales beat on expectations driven by sport products, own brands, Europe and LatAm
Q2 aEBIT topped CS expectations by 8%, fuelled by another impressive GM expansion
Upbeat FY22 outlook as Safilo will reach its 2024 sales and aEBITDA targets two years in advance!
Safilo engages in the design, production, wholesale, and retail distribution of prescription eyewear, sunglasses, sports eyewear, and accessories. Co. also provides optical frames, technical sports goggles, ski goggles, and helmets. Co. provides its products under various brands such as Safilo and Smith, as well as under the licensed brands, such as Alexander McQueen and Banana Republic. Co. serves opticians, optometrists, ophthalmologists, distribution chains, department stores, specialized retailers, licensors' own stores, duty free shops, and sports shops through independent distributors and agents, as well as through its own branches in Europe, the Americas, Asia, and internationally.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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