Segment information

Share/Save

We operate in two industry segments:

  • Wholesale
  • Retail
In 2016, the Group recorded adjusted3,5 net sales growth of 1.9% at constant exchange rates2 (+0.8% at current exchange rates) to over Euro 9 billion.
In 2016, the Wholesale segment’s net sales remained almost unchanged from the previous year at constant exchange rates2 (-1.8% at current exchange rates), mainly due to the adoption of the "MAP policy" in North America and the restructuring of the distribution network in Mainland China.
Both initiatives have allowed the Group to enhance the quality of its distribution network and strengthen the equity of its brands.
On the upside, the Retail segment delivered net sales growth of 3.4% at constant exchange rates2 (+2.6% at current exchange rates). The Group's key retail chains continued to drive the industry's evolution towards innovative business models covering in-store, online and omnichannel, to offer consumers a more meaningful digital experience.

Segmental information - FY 2016

KEY FIGURES IN THOUSANDS OF EUROMANUFACTURING AND WHOLESALERETAILINTER-SEGMENT TRANSACTIONS AND CORPORATE ADJ.CONSOLIDATED
2016
NET SALES 3,527,662 5,558,045   9,085,707
OPERATING INCOME 806,133 729,569 (190,436) 1,345,267
% OF SALES 22.9% 13.1%   14.8%
CAPITAL EXPENDITURES 310,066 341,493   651,559
DEPRECIATION AND AMORTIZATION 167,115 260,019 85,708 512,842
2015        
NET SALES 3,592,555 5,244,023   8,836,578
OPERATING INCOME 807,213 789,355 (220,123) 1,376,445
% OF SALES 22.5% 15.1%   15.6%
CAPITAL EXPENDITURES 211,023 302,552   513,575
DEPRECIATION AND AMORTIZATION 157,081 231,056 88,752 476,889

Retail comparable store sales (2)

 FY 20164Q 2016
Optical North America  
LensCrafters +0.2% -0.1%
Licensed brands +1.6% +0.3%
Australia/New Zealand +2.4% +3.4%
Sunglass Hut worldwide +2.6% +2.6%
Group Retail +0.6% +0.5% 

(2,3,5) For further information, please see the press release

Attachments

Last updated: Mar 01 2017