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EarningsQ2 2026 Earnings Report
IT:SFL Q2 2026 EPS Results
Actual EPS€0.11
Consensus EPS―
Beat/Miss―
One Year Ago EPS€0.10
IT:SFL Q2 2026 Revenue Results
Actual Revenue€511.96M
Expected Revenue€240.72M
Beat/MissBeat by +€271.24M
YoY Revenue Growth-4.77%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeTBA
Conference CallTuesday, August 4, 2026
IT:SFL Upcoming Earnings
Safilo Group SpA's next earnings date is estimated for March 16, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
Balanced but leaning positive. The call presented meaningful operational and financial improvements: strong margin expansion (partly driven by a one-time EUR 22.2m tariff refund), large YoY uplift in EBITDA and net profit, solid free cash flow and a materially improved net-debt position. Management also completed strategic, self-funded acquisitions and launched a buyback program while committing part of the tariff refund to digital and marketing investments. Offsetting these positives were a tangible sales slowdown (Q2 sales down 4.5% cc, H1 down 1.9% cc), significant weakness in Asia Pacific (-17.7% cc in Q2), ongoing pressure in certain channels and a reliance to some degree on a non-recurring tariff benefit. Management signaled improving trends late in Q2 and early July, and guidance implied H2 should be stronger, particularly in North America.Company Guidance
Strong Margin Expansion
Gross margin rose 11.5 percentage points in Q2 to 73.1% (8.0 ppt from tariff refund, 3.5 ppt underlying improvement). First-half gross margin improved 6.1 ppt to 67.2% (3.8 ppt refund, 2.3 ppt structural). Underlying gross margin improved ~350 bps in Q2 driven by price/mix, lower dilutive business and sourcing.
Material EBITDA and Profit Growth
Adjusted EBITDA in Q2 was EUR 49.0m, up 75.2% YoY, with a margin of 20.5% (up 9.4 ppt). H1 adjusted EBITDA was EUR 86.0m with margin 16.8% (up 5.2 ppt). Adjusted group net profit for H1 was EUR 49.4m, up ~47%, net margin 9.6% (up ~3.3 ppt).
Strong Cash Generation and Balance Sheet Improvement
Free cash flow was EUR 23.8m in Q2 and EUR 36.4m in H1. Cash flow from operations rose to EUR 78.8m (vs EUR 40.7m prior year). Normalized FCF excluding refunds and strategic investments: EUR 29.4m (Q2) and EUR 46.9m (H1) vs prior year EUR 17.2m and EUR 31.6m. Net debt fell to EUR 5.4m at end-June (positive pre-IFRS16 EUR 29.6m) versus EUR 46.1m at end-2025.
Strategic M&A and Capital Allocation
Completed acquisitions of SPY+ and Serengeti (closed July 1) and funded them with own resources. Acquired remaining 20% of Blenders (EUR 6.3m). Launched a buyback program in June (EUR 2.4m share purchases included in June position).
Resilience in Premium Brands and Channels
Premium and luxury brands showed resilience: Carrera, Smith, David Beckham, Kate Spade, Marc Jacobs and Carolina Herrera performed well. Smith D2C and Internet pure-player channels contributed positively; SMI delivered a positive performance in sports channels.
Planned Strategic Reinvestment of One-Time Benefit
Received EUR 22.2m in U.S. tariff refunds (EUR 20m recognized in P&L, EUR 2.2m to inventory). Management plans to invest ~1/3 of refund into IT/digital (Smith D2C, Rx) and media behind priority brands (Smith, Carrera, David Beckham) to boost sell-out and traffic.
Improving Trade Momentum Late in Q2 and Early Q3
Management reported improvement in the second half of June and in July, with North America expected to show a faster recovery than Europe. Exit momentum described as directionally positive after April/May softness.
IT:SFL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed