X

This website uses cookies. By closing this message and continuing to browse this website you are agreeing to our use of cookies. Find out more by reading our privacy policy

Financial Highlights

Share/Save

In the third quarter of 2014, Luxottica sustained growth in net sales and profitability and generated record free cash flow3.

Overview

  • Adjusted3,5 Group net sales rose by 6.8% compared to the prior period, reaching Euro 1.9 billion. 
  • Adjusted3,5 operating income rose to Euro 296 million, up 16.1% compared to Euro 255 million in the same period of 2013.
  • Adjusted3,5 operating margin increased from 14.3% in the third quarter of 2013 to 15.5% in the third quarter of 2014.
  • Adjusted3,5 net income for the third quarter of 2014 increased to Euro 173 million, up 17.5% from Euro 148 million in the same period of 2013, resulting in adjusted EPS3,5 (earnings per share) of Euro 0.36 (or US dollars 0.48, at an average €/US$ exchange rate of 1.3256).

 

Consolidated income statement for the three-month periods ended September 30 2014 and September 30, 2013 

KEY FIGURES IN THOUSANDS OF EURO (1) 2014 % of sales 2013 % of sales % Change
NET SALES  1,882,969 100.0% 1,784,992 100.0% 5.5%
COST OF SALES (605,552)   (607,091)    
GROSS PROFIT 1,277,417 67.8% 1,177,901 66.0% 8.4%
OPERATING EXPENSES:          
SELLING EXPENSES (590,457)   (553,479)    
ROYALTIES (36,722)   (32,772)    
ADVERTISING EXPENSES (132,408)   (119,601)    
GENERAL AND ADMINISTRATIVE EXPENSES (236,633)   (216,943)    
TOTAL (996,221)   (922,796)    
OPERATING INCOME  281,196 14.9%  255,105 14.3% 10.2%
OTHER INCOME (EXPENSE):          
INTEREST INCOME  3,154    1,615    
INTEREST EXPENSES (27,445)   (24,033)    
OTHER - NET (14)   (803)    
OTHER INCOME (EXPENSES)-NET (24,305)   (23,221)    
INCOME BEFORE PROVISION FOR
INCOME TAXES
 256,891 13.6%  231,884 13.0% 10.8%
PROVISION FOR INCOME TAXES (93,706)   (83,420)    
           
NET INCOME   163,185    148,465    
OF WHICH ATTRIBUTABLE TO:          
- LUXOTTICA GROUP STOCKHOLDERS  162,442 8.6%  147,557 8.3% 10.1%
- NON-CONTROLLING INTERESTS  743 0.0%  907 0.1%  
NET INCOME  163,185 8.7%  148,465 8.3% 9.9%
           
BASIC EARNINGS PER SHARE (ADS):  0.34    0.31    
           
FULLY DILUTED EARNINGS PER SHARE (ADS):  0.34    0.31    
           
WEIGHTED AVERAGE NUMBER OF
OUTSTANDING SHARES  
477,019,093   473,032,813    
           
FULLY DILUTED AVERAGE NUMBER OF SHARES    479,202,804   476,993,737    

 

1, 2, 3, 5 For further information, please see the press release

Last updated Oct 31 2014
Share/Save