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Financial Highlights

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In the first quarter of 2015, Luxottica Group posted net sales of Euro 2.25 billion.

Overview

  • Luxottica’s adjusted3,5 net sales +22% (+7.2% at constant exchange rates2)
    • Wholesale Division’s net sales +17% (+8.0% at constant exchange rates2 )
    • Retail Division’s adjusted net sales3,5 +26% (comparable store sales+5.4%)
  • Well-balanced sales growth, driven by all businesses and regions Operating income +33%, operating margin up by 120bps3,5 to 15.9% 3,5
  • Net income +34% to Euro 210 million

 

Consolidated income statement for the three-mont period March 31, 2015 and March 31, 2014 

Key Figures in Thousands of Euro (1)2015% of sales2014% of sales% Change
NET SALES 2,209,850 100.0% 1,842,334 100.0% 19.9%
COST OF SALES (727,886)   (664,142)    
GROSS PROFIT 1,481,964 67.1% 1,178,192 64.0% 25.8%
OPERATING EXPENSES:          
SELLING EXPENSES (683,935)   (547,667)    
ROYALTIES (43,914)   (36,003)    
ADVERTISING EXPENSES (135,938)   (108,504)    
GENERAL AND ADMINISTRATIVE EXPENSES (259,860)   (215,804)    
TOTAL (1,123,646)   (907,978)    
OPERATING INCOME 358,318 16.2% 270,214 14.7% 32.6%
OTHER INCOME (EXPENSE):          
INTEREST INCOME 2,999   2,831    
INTEREST EXPENSES (30,089)   (26,029)    
OTHER - NET 1,441   1,345    
OTHER INCOME (EXPENSES)-NET (25,649)   (21,854)    
INCOME BEFORE PROVISION FOR
INCOME TAXES
332,669 15.1% 248,360 13.5% 33.9%
PROVISION FOR INCOME TAXES (120,653)   (89,382)    
NET INCOME 212,016 9.6% 158,978 8.6% 33.4%
OF WHICH ATTRIBUTABLE TO:          
- LUXOTTICA GROUP STOCKHOLDERS 210,385 9.5% 157,327 8.5% 33.7%
- NON-CONTROLLING INTERESTS 1,632 0.1% 1,651 0.1%  
NET INCOME 212,016 9.6% 158,978 8.6% 33.4%
BASIC EARNINGS PER SHARE (ADS): 0.44   0.33    
FULLY DILUTED EARNINGS PER SHARE (ADS): 0.44   0.33    
WEIGHTED AVERAGE NUMBER OF
OUTSTANDING SHARES
478,328,834   473,699,357    
FULLY DILUTED AVERAGE NUMBER OF SHARES 480,379,196   477,383,188    

 

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

Last updated May 04 2015
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