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Financial Highlights

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Record sales and profitability for Luxottica Group in the second quarter of 2015

Overview

 

  • Group’s adjusted3,5 net sales +21.4% (+6.6% at constant exchange rates2) to Euro 2.5 billion
    • Wholesale division’s net sales +14.3% (+6.1% at constant exchange rates2) to Euro 1.1 billion
    • Retail division’s adjusted3,5 net sales +27.3% (+7.1% at constant exchange rates2) to Euro 1.4 billion
  •  Adjusted3,5 operating income +31%, adjusted3,5 operating margin up by 160 bps to 20.8%
  • Record adjusted3,5 net income of Euro 314 million with an adjusted3,5 net margin of 12.6%
  • Free cash flow3 generation: Euro 261 million 

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

KEY FIGURES IN THOUSANDS OF EURO(1) 2015 % of sales 2014 % of sales % Change
NET SALES 2,456,861 100.0% 2,059,979 100.0% 19.3%
COST OF SALES (748,208)   (685,672)    
GROSS PROFIT 1,708,653 69.5% 1,374,307 66.7% 24.3%
OPERATING EXPENSES:          
SELLING EXPENSES (713,264)   (572,435)    
ROYALTIES (45,651)   (39,626)    
ADVERTISING EXPENSES (170,037)   (140,290)    
GENERAL AND ADMINISTRATIVE EXPENSES (279,490)   (225,823)    
TOTAL (1,208,442)   (978,175)    
OPERATING INCOME 500,211 20.4% 396,132 19.2% 26.3%
OTHER INCOME (EXPENSE):          
INTEREST INCOME 2,385   3,009    
INTEREST EXPENSES (28,607)   (27,289)    
OTHER - NET (731)   (1,698)    
OTHER INCOME (EXPENSES)-NET (26,954)   (25,978)    
INCOME BEFORE PROVISION FOR
INCOME TAXES
473,258 19.3% 370,154 18.0% 27.9%
PROVISION FOR INCOME TAXES (178,504)   (133,285)    
NET INCOME 294,754   236,869    
OF WHICH ATTRIBUTABLE TO:          
- LUXOTTICA GROUP STOCKHOLDERS 294,728 12.0% 235,214 11.4% 25.3%
- NON-CONTROLLING INTERESTS 26 0.0% 1,655 0.1%  
NET INCOME 294,754 12.0% 236,869 11.5% 24.4%
BASIC EARNINGS PER SHARE (ADS): 0.61   0.49    
FULLY DILUTED EARNINGS PER SHARE (ADS): 0.61   0.49    
WEIGHTED AVERAGE NUMBER OF
OUTSTANDING SHARES
479,304,304   475,221,228    
FULLY DILUTED AVERAGE NUMBER OF SHARES 481,121,637   478,436,606    

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

Last updated Jul 27 2015
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