Safilo Group S.p.A. (0NJ5) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and welcome to the Safilo Group first quarter 2025 trading update. This call may contain forward-looking statements relating to future events and operating economic and financial results for the Safilo Group. Such forecasts, due to their nature, imply a component of risk and uncertainty due to the fact that they depend on the occurrence of certain future events and developments. The actual results may therefore vary depending even significantly to those announced in relation to a multitude of factors. Today's participants are Angelo Trocchia, Chief Executive Officer, Michele Melotti, Chief Financial Officer, Barbara Ferrante, Director of Investor Relations. I will now pass the call over to Mr. Angelo Trocchia, Chief Executive Officer. Mr. Trocchia, you may begin. Thanks. Good evening, good evening everyone, and thank you for joining us today to discuss Safilo's Q1 2025 trading updates. The start of the year has confirmed our group's ability to perform with resilience and focus, despite a market environment that remains uncertain and complex. We will see over the next few slides how our brands and regions contribute to an increase in sales growth and to a solid financial performance built on a combination of disciplined commercial execution and the ability to adapt to the rest, to the environment. We entered 2025 with encouraging momentum. January in particular started on a solid note. with North America showing signs of renewed traction after a promising end of last year, as we discussed back in March. This momentum, however, was gradually tested as the quarter progressed. Geopolitical tensions and, above all, the escalating trading dynamics started to weigh on client sentiment. We operate in an environment that remains highly uncertain, but even with th...