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Laura Galbiati Translated by
Nicola Mira Published
November 10, 2025
The Gucci licence termination still weighs heavily on the financial results of Italian eyewear manufacturer Safilo. The group closed the third quarter 2025 with a revenue of €245.1 million, down 14.9% at current exchange rates (-12.3% at constant exchange rates. Sales in comparable brand portfolio terms instead rose slightly in the quarter, by 1.3%.
In the third quarter, gross profit was €120.4 million (-28.9%), gross industrial margin fell to 49.1% of net sales (compared to 58.8% in Q3 2025) and adjusted EBITDA was €15.4 million, down 19.6% from Q3 2025.
Revenue for the Europe region was €100.5 million in the quarter (-5.9% at constant exchange rates). North America slumped too, generating a revenue of €103.5 million, down 13.7% at constant exchange rates. Sales for the Asia-Pacific region plummeted, reaching €16.7 million, down 43.7% at constant exchange rates. The rest of the world gained 8%, reaching €24.4 million, driven by a comparable brand portfolio sales rise of 28.2%, especially thanks to Safilo's own brands.
Safilo is currently distributed in about 100,000 retail outlets worldwide with a global network of over 50 distribution partners. The group closed 2025 with a net revenue of €1.253 billion.