MILAN — Navigating currency fluctuations and ongoing geopolitical tensions, Italian eyewear firm De Rigo continued to invest in its retail network in 2025, while strengthening its financial structure.
In the 12 months ended Dec. 31, De Rigo’s consolidated sales decreased 3.4 percent to 520.1 million euros, compared with 538.3 million euros in 2024. At constant currency, sales inched down 0.4 percent.
Retail sales rose 2.5 percent to 266.6 million euros. At constant currency, they were up 5.8 percent.
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This offset the lower sales in the wholesale division, totaling 268.1 million euros, impacted by the weakening of the U.S. dollar and the Turkish lira, U.S. trade policies and the resulting slowdown across several markets.
The group’s owned brands include Lozza, Italy’s oldest eyewear brand as it was founded in 1878; Police; In Inspired by Sting, and Yalea, and the group is a licensee for brands ranging from Blumarine, Chopard, Escada and Fila to Furla, Gap, John Varvatos, Nina Ricci and Zadig & Voltaire, among others.
“The 2025 consolidated results demonstrate the group’s ability to maintain solid operating performance and strong cash generation, enabling us to further strengthen our financial position,” said Maurizio Dessolis, executive vice chairman of De Rigo. “In a macroeconomic environment that remains uncertain, with weakening consumer confidence and markets affected by currency volatility and trade tensions, we will continue to act prudently, focusing on efficiency, working capital discipline and selective investments to support our key markets.”
In 2025, net profit fell 16.5 percent to 29.4 million euros compared with 35 million euros the year before. Earnings before interest, taxes, depreciation and amortization decreased 4.6 percent to 43.2 million euros, while adjusted operating profit was down 7.2 percent to 32.4 million euros.
Europe remained on a growth trajectory, with revenues of 414.8 million euros, up 1.7 percent, driven in particular by the U.K., Italy, Spain and Turkey. The Americas were affected by the impact of new U.S. tariffs, while the rest of the world recorded a decline linked to the crisis in the Middle East.
Capital expenditure amounted to 20.8 million euros, mainly allocated to the retail network, the expansion of the Italian logistics hub, photovoltaic systems and IT infrastructure. This compares with 12.5 million euros in 2024.
As of Dec. 31, the net financial position was positive standing at 57 million euros, up from 32.9 million euros at the end of December 2024. This was lifted by a cash generation of 57.7 million euros and disciplined working capital management through 17.1 million euros of resources, versus 10.1 million euros in 2024.
De Rigo’s chains include General Optica in Spain, Mais Optica in Portugal, Opmar Optik in Turkey and its affiliate Boots Opticians (U.K.).