(Finance) – Bad day for Saphilus, which changes hands at a loss of 8.30%, discounting results that have not been judged up to expectations. Yet, Safilo closed 2022 with a turnover of over 1 billion and an increase of 11.1% at current exchange rates and 4.2% at constant exchange rates. The eyewear company also reported adjusted EBITDA of approximately €101 million, equal to a margin on sales of approximately 9.4%. Safilo has announced that the BoD in March will also approve the medium-term economic-financial targets, which the management will present to the market during the Capital Market Day.
The trend of manufacturer of sunglasses and eyeglasses in the week, compared to FTSE Italia All-Sharenotes a lower relative strength of the stock, which could fall prey to sellers ready to take advantage of potential weaknesses.
The medium-term analysis confirms the positive trend of Saphilus, while if we analyze the short-term chart, a weakening of the quotations at the resistance test of 1.527 Euro is highlighted. First support seen at 1.419. Technically, a negative evolution of the curve towards the bottom seen at 1.381 is expected in the short term.