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Safilo Group reports 6.6 percent drop in Q2 sales

Italian accessories group Safilo has reported a notable decline in net sales, which dropped 8.8 percent to 263 million euros in Q2, as a result of a weakened North American market and turbulent weather conditions. The group posted an increase in its gross margin from 56.1 percent to 59.1 percent, while its adjusted EBITDA margin dropped from 9.5...