お知らせ • Jul 03
Safilo Group S.p.A. (BIT:SFL) completed the acquisition of Selected SPY+ and Serengeti assets in Europe from Bolle Brands France SAS for $24.6 million on July 1, 2026. Safilo Group S.p.A. (BIT:SFL) has signed a share and asset purchase agreement to acquire Selected SPY+ and Serengeti assets in Europe from Bolle Brands France SAS for $24.6 million on May 11, 2026. The agreed consideration for the transaction is $24.6 million, subject to customary closing adjustments. Safilo will finance the acquisition through available financial resources. The acquisition includes 100% of the shares of two dedicated legal entities operating in the United States and Canada.
Together, SPY+ and Serengeti generated sales of approximately $39 million in 2025.
Closing of the transaction is subject to customary closing conditions and expected to occur within 2 months from the signing of the share and asset purchase agreement.
Safilo Group S.p.A. (BIT:SFL) completed the acquisition of Selected SPY+ and Serengeti assets in Europe from Bolle Brands France SAS on July 1, 2026. Buy Or Sell Opportunity • May 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €1.63. The fair value is estimated to be €2.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €1.78, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Luxury industry in Europe. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.02 per share. Reported Earnings • Mar 15
Full year 2025 earnings released: EPS: €0.12 (vs €0.054 in FY 2024) Full year 2025 results: EPS: €0.12 (up from €0.054 in FY 2024). Revenue: €983.4m (down 1.0% from FY 2024). Net income: €48.6m (up 118% from FY 2024). Profit margin: 4.9% (up from 2.2% in FY 2024). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.18, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.90 per share. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.28, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Luxury industry in Europe. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.62 per share. New Risk • Aug 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.1% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €1.09, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Luxury industry in Europe. Total loss to shareholders of 5.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.72 per share. お知らせ • Jun 10
Kering Eyewear S.p.A. agreed to acquire Lenti Srl from Safilo Group S.p.A. (BIT:SFL). Kering Eyewear S.p.A. agreed to acquire Lenti Srl from Safilo Group S.p.A. (BIT:SFL) on June 10, 2025. Board Change • Apr 22
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Matthieu Jean-Pierre Brisset was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Mar 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.6% to €0.89. The fair value is estimated to be €1.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Buy Or Sell Opportunity • Sep 06
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €1.14. The fair value is estimated to be €1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 7.6% in 2 years. Earnings are forecast to grow by 1,693% in the next 2 years. Reported Earnings • Aug 05
First half 2024 earnings released: EPS: €0.043 (vs €0.022 loss in 1H 2023) First half 2024 results: EPS: €0.043 (up from €0.022 loss in 1H 2023). Revenue: €532.0m (down 3.3% from 1H 2023). Net income: €17.6m (up €26.6m from 1H 2023). Profit margin: 3.3% (up from net loss in 1H 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 18
Full year 2023 earnings released: €0.06 loss per share (vs €0.13 profit in FY 2022) Full year 2023 results: €0.06 loss per share (down from €0.13 profit in FY 2022). Revenue: €1.02b (down 4.8% from FY 2022). Net loss: €24.6m (down 146% from profit in FY 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 03
Now 21% undervalued Over the last 90 days, the stock has risen 32% to €1.10. The fair value is estimated to be €1.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 0.8% in 2 years. Earnings are forecast to grow by 220% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.12, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Luxury industry in Europe. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.44 per share. New Risk • Aug 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 49% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Aug 06
First half 2023 earnings released: €0.022 loss per share (vs €0.079 profit in 1H 2022) First half 2023 results: €0.022 loss per share (down from €0.079 profit in 1H 2022). Revenue: €550.1m (down 3.6% from 1H 2022). Net loss: €8.96m (down 127% from profit in 1H 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Aug 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 5.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. お知らせ • Jul 07
Safilo Group in Talks to Fully Relocate 458 Workers from Longarone Plant Amid Planned Sale Safilo Group S.p.A. (BIT:SFL) is in talks with Entrepreneur Carlo Fulchir in context of Thelios planned acquisition of Longarone plant, to relocate totality of 458 employees. The company believes that, thanks to ongoing full involvement of social partners, institutions, negotiation process can be swiftly concluded. New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. お知らせ • May 17
Safilo in Talks with Eyewear Group over Factory Safilo Group S.p.A. (BIT:SFL) is discussing the sale of its biggest plant in Italy to another company active in the sector, union sources told Reuters on May 15, 2023. Earlier this year Safilo said it was studying the sale of its plant in Longarone, in the northeast of Italy, due to overcapacity. The potential buyer, which already has a presence in the area, would be interested in acquiring the plant and taking on 250 employees out of the current 460 people working there, union sources said on May 15, 2023. They were speaking after a meeting with Safilo executives. Thélios S.p.A, the spectacles business of LVMH (LVMH.PA), and Italian eyewear maker Marcolin S.p.A. have plants in Longarone and their names have been reported by the local press as potential buyers. Safilo declined to comment. Thelios and Marcolin were not immediately available for comment. Reported Earnings • Mar 30
Full year 2022 earnings released Full year 2022 results: Revenue: €1.08b (up 11% from FY 2021). Net income: €54.2m (up 155% from FY 2021). Profit margin: 5.0% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Luxury industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.38, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Luxury industry in the United Kingdom. Total returns to shareholders of 45% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Matthieu Jean-Pierre Brisset was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: €570.9m (up 12% from 1H 2021). Net income: €32.7m (up €30.7m from 1H 2021). Profit margin: 5.7% (up from 0.4% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 18% share price gain to €1.52, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 20x in the Luxury industry in Europe. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.89 per share. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.22, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Luxury industry in Europe. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.83 per share. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €1.27, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Luxury industry in Europe. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.96 per share. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Matthieu Jean-Pierre Brisset was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €969.6m (up 24% from FY 2020). Net income: €21.3m (up €90.7m from FY 2020). Profit margin: 2.2% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.5%, compared to a 11% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.15, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 18x in the Luxury industry in Europe. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.59 per share. Buying Opportunity • Feb 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €1.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% per annum over the last 3 years. The company has become profitable over the last year. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 18% share price gain to €1.61, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 24x in the Luxury industry in Europe. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.44 per share. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.21, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 23x in the Luxury industry in Europe. Total returns to shareholders of 2.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.24 per share. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 16% share price gain to €1.86, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 26x in the Luxury industry in Europe. Total returns to shareholders of 4.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.56 per share. Reported Earnings • Aug 05
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €510.7m (up 52% from 1H 2020). Net income: €2.00m (up €76.8m from 1H 2020). Profit margin: 0.4% (up from net loss in 1H 2020). Reported Earnings • Apr 05
Full year 2020 earnings released The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: €780.3m (down 17% from FY 2019). Net loss: €69.4m (loss narrowed 77% from FY 2019). Reported Earnings • Mar 13
Full year 2020 earnings released: €0.25 loss per share (vs €1.10 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: €780.3m (down 17% from FY 2019). Net loss: €69.4m (loss narrowed 77% from FY 2019). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 2.8%, compared to a 12% growth forecast for the Luxury industry in the United Kingdom. Is New 90 Day High Low • Mar 10
New 90-day high: €1.04 The company is up 36% from its price of €0.76 on 10 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.98 per share. Is New 90 Day High Low • Feb 10
New 90-day high: €0.98 The company is up 57% from its price of €0.63 on 11 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.86 per share. Is New 90 Day High Low • Jan 20
New 90-day high: €0.96 The company is up 65% from its price of €0.58 on 22 October 2020. The British market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.01 per share. Is New 90 Day High Low • Dec 30
New 90-day high: €0.81 The company is up 44% from its price of €0.56 on 01 October 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.70 per share. Is New 90 Day High Low • Nov 19
New 90-day high: €0.67 The company is up 3.0% from its price of €0.65 on 21 August 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.82 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €0.51 The company is down 27% from its price of €0.70 on 31 July 2020. The British market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.17 per share. Is New 90 Day High Low • Sep 22
New 90-day low: €0.57 The company is down 26% from its price of €0.77 on 24 June 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.20 per share. 
