PADOVA, Italy—Safilo Group S.p.A. (Reuters SFLG.MI) reported that preliminary figures for fiscal year 2016 showed full year total net sales reached €1,252.8 million, contracting slightly compared to the €1,279.0 million recorded in full year 2015 (down 2.0 percent at current exchange rates and a dip of 1.2 percent at constant exchange rates) as a result of the negative impact of the brands that the Group stopped servicing. In the year, sales of Safilo’s Going Forward Brands Portfolio increased 3.6 percent at constant exchange rates or a gain of 5.2 percent, excluding Retail.

In the fourth quarter of 2016, Safilo’s total net sales equaled €313.7 million, slightly declining compared to the same period of last year, down 1.7 percent at current exchange rates and dipping 1.7 percent at constant exchange rates, while the sales of the group’s Going Forward Brands Portfolio recorded a positive performance of 0.5 percent at constant currency and 2.3 percent excluding Retail.

In North America, for the full year, sales reached €509.4 million, down 4.1 percent compared to the prior year at current rates and down 4.1 percent at constant rates, while sales of the Going Forward Brands Portfolio were slightly down at 0.2 percent at constant exchange rates.

In Europe, sales reached €537.6 million for the year, an increase of 5.7 percent for the period at current exchange rates, an increase of 7.1 percent at constant rates and growth of the company’s Going Forward Brands Portfolio rose by 9.2 percent

The figures in the company’s announcement are unaudited. Full year and fourth quarter 2016 results will be approved by the board of directors on March 15, 2017.