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Financial Highlights

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In 2014 Luxottica Group posted net sales of more than Euro 7.6 billion.

Overview

  • Adjusted3,5 Group net sales grew by 5.3% (+6.7% at constant exchange rates2) to over Euro 7.6 billion.
  • Adjusted3,5 operating income amounted to Euro 1,177.6 million, up 10.6% from an adjusted3,5 Euro 1,064.7 million in 2013.
  • Adjusted3,5 operating margin increased from 14.6% in 2013 to 15.3% in 2014.
  • Adjusted3,5 net income for the full year 2014 amounted to Euro 687.4 million, up 11.4% from an adjusted Euro 617.3 million for 2013, corresponding to adjusted EPS3,5 (earnings per share) of Euro 1.44.

 

Consolidated income statement for the years ended December 31, 2014 and December 31, 2013 

 2014% of sales2013% of sales% of Change
NET SALES 7,652,317 100.0% 7,312,611 100.0% 4.6%
COST OF SALES (2,574,685)   (2,524,006)    
GROSS PROFIT 5,077,632 66.4% 4,788,605 65.5% 6.0%
OPERATING EXPENSES:          
SELLING EXPENSES (2,352,294)   (2,241,841)    
ROYALTIES (149,952)   (144,588)    
ADVERTISING EXPENSES (511,153)   (479,878)    
GENERAL AND ADMINISTRATIVE EXPENSES (906,620)   (866,624)    
TOTAL (3,920,019)   (3,732,931)    
OPERATING INCOME 1,157,613 15.1% 1,055,674 14.4% 9.7%
OTHER INCOME (EXPENSE):          
INTEREST INCOME 11,672   10,072    
INTEREST EXPENSES (109,659)   (102,132)    
OTHER - NET 455   (7,247)    
           
OTHER INCOME (EXPENSES)-NET (97,533)   (99,308)    
INCOME BEFORE PROVISION FOR INCOME TAXES 1,060,080 13.9% 956,366 13.1% 10.8%
PROVISION FOR INCOME TAXES (414,066)   (407,505)    
           
NET INCOME 646,014 8.4% 548,861 7.5% 17.7%
OF WHICH ATTRIBUTABLE TO:          
- LUXOTTICA GROUP STOCKHOLDERS 642,596 8.4% 544,695 7.4% 18.0%
- NON-CONTROLLING INTERESTS 3,417 0.0% 4,165 0.1%  
NET INCOME 646,014 8.4% 548,861 7.5% 17.7%
           
BASIC EARNINGS PER SHARE (ADS): 1.35   1.15    
FULLY DILUTED EARNINGS PER SHARE (ADS): 1.34   1.14    
           
WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES 475,947,763   472,057,274    
           
FULLY DILUTED AVERAGE NUMBER OF SHARES 479,247,190   476,272,565    

 

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

Last updated Mar 11 2015
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