FINANCIAL
HIGHLIGHTS

RECORD NET SALES AND NET INCOME FOR 2016, ORDINARY DIVIDEND INCREASED TO EURO 0.92

Overview

Adjusted figures

  • Luxottica Group’s  adjusted net sales rose to Euro 9,086 million (+1.9% at constant exchange rates  and +0.8% at current exchange rates)
  • Adjusted operating income to Euro 1,432 million (+0.8% at constant exchange rates  and -0.7% at current exchange rates) and operating margin to 15.8%
  • Adjusted net income to Euro 882 million (+5.0% at constant exchange rates  and +3.3% at current exchange rates) and net margin to 9.7%

Free cash flow generation to Euro 664 million

Ordinary dividend to Euro 0.92 per share: up 3.4% versus the ordinary dividend paid in 2016

Positive outlook for 2017 with still growing results

Reported figures

  • Luxottica Group’s  net sales rose to Euro 9,086 million (+3.9% at constant exchange rates  a +2.8% at current exchange rates)
  • Operating income to Euro 1,345 million (-0.6% at constant exchange rates  and -2.3% at current exchange rates) and operating margin to 14.8%
  • Net income to Euro 851 million (+7.6% at constant exchange rates  and +5.8% at current exchange rates) and net margin to 9.4%

Consolidated income statement for YEARS ENDED december 31, 2016 and december 31, 2015 

 

KEY FIGURES IN THOUSANDS OF EURO (1)2015% OF SALES2016% OF SALES% CHANGE
 NET SALES   8,836,578   100.0%   9,085,707   100.0%   2.8% 
 COST OF SALES    (2,835,426)     (3,153,264)     
 GROSS PROFIT   6,001,152   67.9%   5,932,443   65.3%   -1.1% 
 OPERATING EXPENSES:            
 SELLING EXPENSES    (2,778,837)     (2,889,177)     
 ROYALTIES   (168,669)     (169,890)     
 ADVERTISING EXPENSES    (589,718)     (567,895)     
 GENERAL AND ADMINISTRATIVE EXPENSES    (1,087,484)     (960,214)     
 TOTAL   (4,624,708)     (4,587,176)     
 OPERATING INCOME    1,376,445   15.6%   1,345,267   14.8%   -2.3% 
 OTHER INCOME (EXPENSE):            
 INTEREST INCOME    11,190     15,469     
 INTEREST EXPENSES    (106,439)     (81,528)     
 OTHER -NET   (3,281)     39,486     
 OTHER INCOME (EXPENSES)-NET    (98,530)     (26,573)     
 INCOME BEFORE PROVISION FOR INCOME TAXES    1,277,914   14.5%   1,318,693   14.5%   3.2% 
 PROVISION FOR INCOME TAXES    (471,042)     (466,373)     
 NET INCOME   806,873   9.1%   852,321   9.4%   5.6% 
 OF WHICH ATTRIBUTABLE TO:            
 -LUXOTTICA GROUP STOCKHOLDERS    804,119   9.1%   850,524   9.4%   5.8% 
 -NON-CONTROLLING INTERESTS    2,753   0.0%   1,797   0.0%   
 NET INCOME   806,873   9.1%   852,321     
 BASIC EARNINGS PER SHARE (ADS):    1.68     1.77     
 FULLY DILUTED EARNINGS PER SHARE (ADS):    1.67     1.77     
 WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES    479,553,693     479,225,730     
 FULLY DILUTED AVERAGE NUMBER OF SHARES    482,073,361     480,025,531     

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