Safilo Group S.p.A. (0NJ5) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and welcome to the Safilo Group third quarter and first nine month 2025 trading update. This call may contain forward-looking statements related 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. even significantly to those announced in relation to a multitude of factors. Today's participants are Mr. Angelo Trocchia, Chief Executive Officer, Mr. Michele Melotti, Chief Financial Officer, and Ms. 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, sir. Thanks. Thanks very much. Good evening, everyone, and thank you for joining us today to discuss Safilo's trading update for the third quarter and the first nine months of 2025. Let me start by saying that Q3 was another solid quarter for Safilo. We stayed on course, delivering a consistent performance, marked by steady sales growth at constant exchange rates, further margin improvement, and another round of robust cash flow generation. In a context of persistent macroeconomic uncertainty and tariff pressure, these results give us even greater confidence in our ability to navigate complexity and keep building momentum. We are proving that we continue to grow in a sustainable way even when the environment doesn't make it easy. Let me briefly walk you through the key highlights of the quarter. Despite intensified forex headwinds, penalizing reported sales, we maintained a positive trajectory at constant exchange rates, delivering a resilient plus 2.1%, substantially ...