FINANCIAL
HIGHLIGHTS

THIRD QUARTER PERFORMANCE AT DUAL SPEEDS, NET SALES UP 0.8% AT CONSTANT EXCHANGE RATES
READ THE PRESS RELEASE

Overview 

  • Group’s net sales in the third quarter to Euro 2,147 million (+0.8% at constant exchange rates2 and -3.5% at current exchange rates)
    • Wholesale division’s net sales to Euro 770 million (-0.3% at constant exchange rates2 and -3.7% at current exchange rates)
    • Retail division’s net sales to Euro 1.377 million (+1.3% at constant exchange rates2 and -3.3% at current exchange rates)
  • Quarterly sales performance showed dual speeds: growth acceleration in July and August compared to the first half of the year, followed by a drop in September due to extraordinary events that penalized the business in North America, Mexico and China
  • Strong growth in Europe and Latin America and an improvement in Asia-Pacific led the Group’s quarterly sales. The restructuring of Oakley's sport and retail channels and changes in the LensCrafters business still weighed on sales in North America.
  • Ray-Ban continues to grow as a most-loved and innovative brand, particularly among younger generations.
  • Outlook confirmed for 2017
Net Sales
(Millions of Euro)
3Q 2016%3Q 2017%Change at constant
exchange rates2
Change at current
exchange rates
North America 1,352 61% 1,231 57% -3.7% -9,0%
Wholesale 239 11% 226 11% +0.5% -5.4%
Retail 1,113 50% 1,005 47% -4.6% -9.7%
Europa 400 18% 457 21% +16.0% +14.2%
Asia-Pacific 288 13% 273 13% -0.6% -5.2%
Latin America 139 6% 148 7% +7.9% +6.7%
Rest of the World 45 2% 38 2% -12.9% -15.5%
Group Total 2,225 100% 2,147 100% +0.8% -3.5% 

Net Sales
(Millions of Euro)
9M 2016%9M 2017%Change at constant
exchange rates2
Change at current
echange rates
Norh America 4,094 59% 4,027 57% -1.9% -1.6%
Wholesale 797 11% 804 11% +0.6% +1.0%
Retail 3,297 47% 3,223 46% -2.5% -2.3%
Europe 1,415 20% 1,602 23% +15.1% +13.2%
Asia-Pacific 896 13% 868 12% -4.0% -3.2%
Latin America 392 6% 436 6% +5.7% +11.1%
Rest of the World 146 2% 131 2% -13.1% -10.3%
Group Total 6,944 100% 7,065 100% +1.5% +1.7%

  2 For more info read the press release 

Last updated: Apr 12 2016