KEY FACTS VIDEO
We operate in two industry segments:
In the first half of 2016, the Group delivered sales growth of 3.5% at constant exchange rates2 (+1.1% at current exchange rates). It also delivered growth of +1.6% on an adjusted3,5 basis at constant exchange rates2 (-0.7% at current exchange rates). Both segments contributed to the positive performance despite the impact of bad weather on sunglass sales in key western markets in the second quarter and the adoption of the Gregorian calendar by the retail business. The Group’s e-commerce contribution in the first half was strong with net sales up by 20% at constant exchange rates2.
During the second quarter of the year, the Group’s reported net sales rose by 3.2% and its adjusted3,5 net sales by 1.4% at constant exchange rates2 (-0.1% and -1.9% at current exchange rates, respectively), with the Wholesale division’s net sales substantially unchanged at constant exchange rates2 and the Retail division’s net sales up by 5.5% (+2.3% on an adjusted3,5 basis).
Segmental information - 1H 2016
|KEY FIGURES IN THOUSANDS OF EURO||MANUFACTURING AND WHOLESALE||RETAIL||INTER-SEGMENT TRANSACTIONS AND CORPORATE ADJ.||CONSOLIDATED|
|% OF SALES||26.6%||13.3%||16.7%|
|DEPRECIATION AND AMORTIZATION||80,239||125,900||42,840||248,979|
|% OF SALES||26.9%||16.0%||18.4%|
|DEPRECIATION AND AMORTIZATION||80,130||112,410||43,174||235,715|
Retail comparable store sales (2)
|2Q 2016||1H 2016|
|Optical North America|
|Sunglass Hut worldwide||+1.7%||+1.5%|
(2,3,5) For further information, please see the press release