FINANCIAL
HIGHLIGHTS

LUXOTTICA GROUP: NET SALES UP 4.2% AND REPORTED NET PROFIT UP 18% IN FIRST HALF OF 20171

Overview 

  • Luxottica Group’s net sales increased to Euro 4,917 million (+4.2% at current exchange rates and +1.8% at constant exchange rates2
  • Operating income: 
    • adjusted3,5: increased to Euro 899 million (+4.9% at current exchange rates and +1.9% at constant exchange rates2) and operating margin to 18.3%, up 10 basis points 
    • reported: increased to Euro 868 million (+10.1% at current exchange rates and +6.9% at constant exchange rates2) and operating margin to 17.6%, up 90 basis points 
  • Net income: 
    • adjusted3,5: increased to Euro 567 million (+6.7% at current exchange rates and +3.5% at constant exchange rates2) and net margin to 11.5% 
    • reported: increased to Euro 562 million (+18.1% at current exchange rates and +14.7% at constant exchange rates2) and net margin to 11.4% 
  • Free cash flow3 generation increased to Euro 535 million 
  • Outlook confirmed for 2017 

Consolidated income statement for YEARS ENDED JUNE 30, 2017 and JUNE 30, 2016 

KEY FIGURES IN THOUSANDS OF EURO (1)2017% OF SALES2016% OF SALES% CHANGE
NET SALES  4,917,340 100.0% 4,719,426 100.0% 4.2%
COST OF SALES (1,716,191) (1,620,578)      
GROSS PROFIT 3,201,149 65.1% 3,098,848 65.7% 3.3%
OPERATING EXPENSES:          
SELLING EXPENSES (1,549,506) (1,428,173)    
ROYALTIES (89,126) (88,585)    
ADVERTISING EXPENSES (252,099) (282,850)    
GENERAL AND ADMINISTRATIVE EXPENSES (442,523) (511,165)    
TOTAL (2,333,255) (2,310,773)    
OPERATING INCOME 867,894 17.6% 788,076 16.7% 10.1%
OTHER INCOME (EXPENSE):          
INTEREST INCOME  8,458 6,207    
INTEREST EXPENSES (70,746) (39,163)    
OTHER - NET 45,524 2,526    
OTHER INCOME (EXPENSES)-NET (16,763) (30,430)    
INCOME BEFORE PROVISION FOR INCOME TAXES 851,131 17.3% 757,646 16.1% 12.3%
PROVISION FOR INCOME TAXES (288,060) (280,621)    
NET INCOME 563,071 11.5% 477,024 10.1% 18.0%
OF WHICH ATTRIBUTABLE TO:          
- LUXOTTICA GROUP STOCKHOLDERS 561,612 11.4% 475,683 10.1% 18.1%
- NON-CONTROLLING INTERESTS 1,459 0.0% 1,341 0.0%  
NET INCOME 563,071 11.5% 477,024 10.1% 18.0%
BASIC EARNINGS PER SHARE (ADS):  1.18  0.99     
FULLY DILUTED EARNINGS PER SHARE (ADS):  1.17  0.99     
WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES  477,671,101  480,424,539    
FULLY DILUTED AVERAGE NUMBER OF SHARES  478,130,884  481,377,070    

Notes:
(1) Except earnings per share (ADS), which are expressed in Euro

For additional information about adjasted figures and non-IFRS measure please see the press release

Last updated: Apr 12 2016