Safilo Group S.p.A. (0NJ5) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and welcome to the Safilo Group Full Year 2024 Financial Results. 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 result 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. Good evening, everyone, and thank you for joining us today to discuss Safilo's full year 2024 performance. As we all know, 2024 was a year shaped by economic uncertainty, geopolitical tensions, and shifting consumer behaviors. The Iowa sector was not immune to these challenges, as market conditions weighed on demand across different regions. Despite this, we proved our resilience and flexibility, successfully navigating market headwinds and consolidating our competitive edge. We achieved this by leveraging dynamic brand portfolio management, making targeted investments, and maintaining a steadfast dedication to the quality of services, both for our customers and consumers. Today, I will walk you through our key business highlights, followed by an update on our sustainability progress. then leaving Michele to guide you through the details on our sales, economic, and financial performance for the full year. Turning now to the highlights for 2024, let's start with our top-line perfo...