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Financial Highlights

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Growth in sales and profitability continues into the third quarter of 2015, record free cash flow generation3

Overview

  •  Group’s adjusted3,5 net sales +15.4% (+5.5% at constant exchange rates2) to Euro 2.2 billion
    • Wholesale division’s net sales +10.1% (+6.8% at constant exchange rates2) to Euro 826 million
    • Retail division’s adjusted3,5 net sales +18.8% (+4.7% at constant exchange rates2) to Euro 1.4 billion
  • Adjusted3,5 operating income +18.6%, adjusted3,5 operating margin up by 50 bps to 16%
  • Adjusted3,5 net income of Euro 209 million and adjusted3,5 net margin of 9.5%
  • Record free cash flow3 generation: Euro 396 million
  • Capex up by 20% to support long-term growth

Consolidated income statement for the three-mont period September 30, 2015 and September 30, 2014 

 3Q 2015% OF SALES3Q 2014% OF SALES% CHANGE
NET SALES 2,154,976 100.0% 1,882,969 100.0% 14.4%
COST OF SALES (689,125)   (605,552)    
GROSS PROFIT 1,465,851 68% 1,277,417 68% 14.8%
OPERATING EXPENSES:          
SELLING EXPENSES (691,083)   (590,457)    
ROYALTIES (41,079)   (36,722)    
ADVERTISING EXPENSES (135,319)   (132,408)    
GENERAL AND ADMINISTRATIVE EXPENSES (260,749)   (236,633)    
TOTAL (1,128,230)   (996,221)    
OPERATING INCOME 337,621 15.7% 281,196 14.9% 20.1%
OTHER INCOME (EXPENSE):          
INTEREST INCOME 2,583   3,154    
INTEREST EXPENSES (25,651)   (27,445)    
OTHER - NET (179)   (14)    
OTHER INCOME (EXPENSES)-NET (23,247)   (24,305)    
INCOME BEFORE PROVISION FOR
INCOME TAXES
314,374 14.6% 256,891 13.6% 22.4%
PROVISION FOR INCOME TAXES (114,254)   (93,706)    
NET INCOME 200,120   163,185    
OF WHICH ATTRIBUTABLE TO:          
- LUXOTTICA GROUP STOCKHOLDERS 199,654 9.3% 162,441 8.6% 22.9%
- NON-CONTROLLING INTERESTS 465   743    
NET INCOME 200,120 9.3% 163,185 8.7% 22.6%
BASIC EARNINGS PER SHARE (ADS): 0.42   0.34    
FULLY DILUTED EARNINGS PER SHARE (ADS): 0.41   0.34    
WEIGHTED AVERAGE NUMBER OF
OUTSTANDING SHARES 
480,078,163   477,019,093    
FULLY DILUTED AVERAGE NUMBER OF SHARES 481,390,247   479,202,804    

1, 2, 3, 4, 5 For further information, please see the press release

Last updated Oct 27 2015
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