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Financial Highlights

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In 2013, Luxottica set a new net sales record of more than Euro 7.3 billion

Financial overview

  • Adjusted operating income 3,5 for the 2013 amounted to Euro 1,065 million, reflecting an increase of +7.3% over 2012 results.
  • The adjusted operating margin 3,5 for 2013 was 14.6%, up +110 bps at constant exchange rates 2 compared to 2012.
  • Adjusted net income 3,5 for the full year 2013 amounted to Euro 617 million, up + 10.3% from Euro 560 million for 2012.
CONSOLIDATED INCOME STATEMENT
IN THOUSANDS OF EURO (1)
2013% of sales2012% of sales% Change
Net sales  7,312,611 100.0% 7,086,142 100.0% 3.2%
Cost of sales (2,524,006)   (2,435,993)    
Gross profit 4,788,605 65.5% 4,650,148 65.6% 3.0%
Operating expenses:          
Selling expenses (2,241,841)  
(2,270,071)
   
Royalties (144,588)   (124,403)    
Advertising expenses (479,878)   (446,175)    
General and administrative expenses (866,624)   (839,360)    
Total (3,732,931)   (3,680,009)    
Operating income  1,055,673 14.4%  970,139 13.7% 8.8%
Other income:          
Interest income  10,072   18,910    
Iinterest expenses (102,132)   (138,140)    
Other - net (7,247)   (6,463)    
Other income (expenses) - net (99,308)  
 (125,692)
   
Income before provision for
income taxes
 956,366 13.1%  844,447 11.9% 13.3%
Provision for income taxes (407,505)   (305,891)    
Net income  548,861 7.5%  538,556 7.6%  1.9% 
Of which attributable to:          
- Luxottica group stockholders 544,696 7.4%  534,375 7.5% 1.9%
- non-controlling interests  4,165 0.1% 4,181 0.1%  
Net income  548,861 7.5%  538,556 7.6% 1.9%
Basic earnings per share (ADS): 1.15    1.15    
Fully diluted earnings per share (ADS):  1.14    1.14    
Weighted average number of
outstanding shares
  
472,057,274   464,643,093    
Fully diluted average number of shares 476,272,565   469,573,841    

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

Last updated Mar 04 2014
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