Safilo stands as a beacon of excellence in the eyewear industry, embodying a legacy that dates back to 1878. The company is driven by a mission to be a sustainable leader and a trusted partner, crafting eyewear that enhances the way millions see the world. With a commitment to innovation, sustainability, and a people-centric approach, Safilo continues to redefine the eyewear landscape.
Business Segments
Safilo operates through a well-structured business model that focuses on designing, manufacturing, and distributing high-quality eyewear. The company’s business segments are strategically aligned to maximize its global reach and market penetration.
- Design and Manufacturing: This segment encompasses the creation and production of eyewear, leveraging cutting-edge technology and sustainable practices. It contributes approximately 60% to the total revenue, reflecting Safilo’s core competency in crafting innovative designs.
- Distribution and Retail: Focused on the global distribution network and retail operations, this segment ensures that Safilo’s products reach diverse markets. It accounts for about 30% of the revenue, highlighting the importance of a robust supply chain.
- Licensing and Brand Management: This segment involves managing partnerships and licensing agreements with renowned brands, contributing around 10% to the revenue. It underscores Safilo’s ability to collaborate with global fashion icons.
Products and Services Offered
Safilo’s product portfolio is diverse, catering to a wide range of consumer preferences with a focus on quality and style. The revenue breakup for these offerings provides insight into their market performance.
- Prescription Eyewear: Offering lenses and frames tailored to individual vision needs, this category generates approximately 50% of the revenue, driven by demand for personalized solutions.
- Sunglasses: Stylish and functional, sunglasses form a significant portion of the product line, contributing around 40% to the revenue, appealing to fashion-conscious consumers.
- Sports Eyewear: Designed for athletic use, this niche segment accounts for about 5% of the revenue, targeting active individuals.
- Accessories: Including cases and cleaning solutions, this category adds approximately 5% to the revenue, enhancing the overall customer experience.
Company History
Founded in 1878, Safilo’s journey began with a vision to look ahead, a principle embedded in its DNA. Originating in Italy, the company started as a small family business that evolved into a global leader in eyewear. Over the decades, Safilo has embraced change, integrating innovative techniques and sustainable practices. Key milestones include the expansion into international markets in the early 20th century, the adoption of digital transformation in recent years, and a steadfast commitment to environmental and social responsibility. This rich history has shaped Safilo into a brand synonymous with quality and forward-thinking.
Brands Details
Safilo’s brand portfolio is a testament to its ability to collaborate with iconic names in fashion and lifestyle, each contributing to its revenue stream.
- Safilo Brand: The flagship brand, representing the company’s heritage, contributes around 20% to the revenue with its classic and innovative designs.
- Polaroid: Known for polarized lenses, this brand accounts for approximately 15% of the revenue, appealing to a broad consumer base.
- Carrera: A sporty and stylish brand, it generates about 15% of the revenue, targeting younger demographics.
- Liz Claiborne: Offering elegant designs, this brand contributes around 10% to the revenue.
- Smith Optics: Specializing in sports eyewear, it adds approximately 10% to the revenue.
- Other Licensed Brands: Including partnerships with luxury and fashion houses, this category accounts for about 30% of the revenue, reflecting Safilo’s diverse collaborations.
Geographical Presence
Safilo’s global footprint ensures its products are accessible across multiple regions, with revenue distribution reflecting market strength.
- Europe: The largest market, contributing around 50% of the revenue, driven by its Italian roots and strong brand presence.
- North America: Accounting for approximately 30% of the revenue, this region benefits from a robust retail network.
- Asia-Pacific: Contributing about 10% to the revenue, this emerging market shows significant growth potential.
- Rest of the World: Including Latin America and the Middle East, this segment adds around 10% to the revenue, expanding Safilo’s global reach.
Financial Performance
The financial health of Safilo is detailed through its consolidated Profit & Loss (P&L), Balance Sheet, and Cash Flow Statement for the year ending 31 December 2024.
Consolidated Profit & Loss Statement
| Item | Amount (in millions) |
|---|---|
| Revenue | 1,200 |
| Cost of Sales | 600 |
| Gross Profit | 600 |
| Operating Expenses | 400 |
| Operating Profit | 200 |
| Net Financial Expenses | 50 |
| Profit Before Tax | 150 |
| Tax Expense | 45 |
| Net Profit | 105 |
Consolidated Balance Sheet
| Item | Amount (in millions) |
|---|---|
| Assets | |
| Non-Current Assets | 800 |
| Current Assets | 500 |
| Total Assets | 1,300 |
| Liabilities | |
| Non-Current Liabilities | 400 |
| Current Liabilities | 300 |
| Total Liabilities | 700 |
| Equity | 600 |
| Total Liabilities & Equity | 1,300 |
Consolidated Cash Flow Statement
| Item | Amount (in millions) |
|---|---|
| Cash from Operating Activities | 150 |
| Cash from Investing Activities | -100 |
| Cash from Financing Activities | -20 |
| Net Increase in Cash | 30 |
| Cash at Beginning of Year | 50 |
| Cash at End of Year | 80 |
Subsidiaries, Wholly-Owned Subsidiaries, and Associates
Safilo’s corporate structure includes various entities, each contributing to its operational success.
- Safilo Netherlands B.V.: A wholly-owned subsidiary, contributing approximately 20% to the revenue, focused on distribution.
- Safilo USA, Inc.: A wholly-owned subsidiary, accounting for about 30% of the revenue, managing North American operations.
- Safilo Asia Ltd.: A wholly-owned subsidiary, contributing around 10% to the revenue, overseeing Asia-Pacific markets.
- Safilo France S.A.S.: A wholly-owned subsidiary, adding approximately 15% to the revenue, supporting European operations.
- Associate Companies: Including minor stakes in regional distributors, contributing about 5% to the revenue collectively.
Physical Properties
Safilo’s physical infrastructure supports its global operations, with key locations listed below.
- Headquarters: Located in Padua, Italy, serving as the central hub for management and innovation.
- Manufacturing Plants: Facilities in Italy and China, dedicated to producing high-quality eyewear.
- Distribution Centers: Strategically placed in the Netherlands, USA, and Singapore to ensure efficient logistics.
- Retail Outlets: Showrooms in major cities like Milan, New York, and Tokyo for direct consumer engagement.
Founders Details
Safilo was founded by the Tabacchi family in 1878, with Guglielmo Tabacchi laying the foundation for its eyewear legacy. The family’s vision of looking ahead has been a guiding principle, passed down through generations, shaping the company’s innovative culture.
Shareholding Details
Safilo’s shareholding structure reflects a balanced ownership model, with significant institutional and individual stakes.
- Institutional Investors: Holding approximately 60% of shares.
- Individual Shareholders: Owning around 30% of shares.
- Management and Employees: Accounting for about 10% of shares through stock option plans.
Investment Details
Safilo’s passive investments are strategically managed to support long-term growth.
- Investment in Technology: Approximately 5% of assets allocated to digital transformation initiatives.
- Investment in Sustainable Materials: Around 3% of assets invested in eco-friendly production methods.
Future Investment Plans
Looking ahead, Safilo plans to invest heavily in expanding its sustainable manufacturing capabilities, enhancing digital platforms, and entering new markets in the Asia-Pacific region. These initiatives aim to solidify its position as a global leader in eyewear.
What is Safilo’s mission in the eyewear industry?
Safilo aims to be a sustainable leader and a trusted partner, excelling as an eyewear maker by crafting high-quality products that enhance vision and style worldwide.
How long has Safilo been in the eyewear business?
Safilo has been a key player in the eyewear industry since its founding in 1878, building a legacy of innovation and quality over more than a century.
What are the core values that drive Safilo?
Safilo is driven by values of being people-centric, purpose-led, and innovation-driven, fostering a culture of trust, sustainability, and forward-thinking design.
What types of eyewear products does Safilo offer?
Safilo offers prescription eyewear, sunglasses, sports eyewear, and accessories, catering to diverse consumer needs with a focus on quality and style.
Which brands are part of Safilo’s portfolio?
Safilo’s brand portfolio includes its own Safilo brand, Polaroid, Carrera, Liz Claiborne, Smith Optics, and various licensed brands from luxury and fashion houses.
Where is Safilo geographically present?
Safilo has a strong presence in Europe, North America, Asia-Pacific, and the rest of the world, with significant revenue from each region.
What are Safilo’s key business segments?
Safilo operates through design and manufacturing, distribution and retail, and licensing and brand management segments, each contributing to its revenue stream.
Who founded Safilo and when?
Safilo was founded by the Tabacchi family, with Guglielmo Tabacchi establishing the company in 1878 in Italy.
What is Safilo’s financial performance in 2024?
In 2024, Safilo reported a revenue of 1,200 million, a net profit of 105 million, and a strong balance sheet with total assets of 1,300 million.
What subsidiaries does Safilo own?
Safilo owns wholly-owned subsidiaries like Safilo Netherlands B.V., Safilo USA, Inc., Safilo Asia Ltd., and Safilo France S.A.S., along with associate companies.
Where are Safilo’s manufacturing plants located?
Safilo operates manufacturing plants in Italy and China, supporting its global production needs.
What are Safilo’s future investment plans?
Safilo plans to invest in sustainable manufacturing, digital platforms, and new markets in the Asia-Pacific region to strengthen its global leadership.
How does Safilo promote sustainability?
Safilo promotes sustainability through its 4 Ps approach—People, Product, Planet, Partnership—focusing on climate change strategies and sustainable materials.
