Debt & Dividend Profile

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Debt

Millions of EuroDec 31, 2015Dec 31, 2016Δ
Net debt (3) (1,006) (1,117) (171)
Net debt/adj. EBITDA (3,4) 0.5x 0.6x  
Net debt/adj. EBITDA excluding exchange rate effect (3,4,5) 0.5x 0.6x  

3,4,5: for further details, please read the presentation

 

Group total indebtness floating vs. fixed

Group total indebtness Us$ vs. Euro

Dividends

The Luxottica Group has always pursued the creation of shareholder value, as testified by its history to distribute a steady portion of the Group's earnings in the form of dividends

Gross dividend per ordinary share (or ADS) (1) (2)

YearDPS Euro (3)Payout(3)
€ thousands
Net Income (3)
€ thousands
Payout ratio
2016(6) 0.92 439,000 882,000 50%
2015 0.89 428,000 854,000 50%
2014(5) 1.44 687,000 687,400 100%
2013 0.65 308,000 617,300 50%
2012 0.58 274,000 541,700 50%
2011 0.49 227,000 452,343 50%
2010(4) 0.44 200,000 402,187 50%
2009 0.35 163,000 314,762 52%
2008 0.22 102,00 379,722 27%
2007 0.49 223,617 492,204 45%
2006 0.42 191,077 424,286 45%
2005 0.29 131,369 342,294 38%
2004 0.23 103,484 286,874 36%
2003 0.21 94,113 267,343 35%
2002 0.21 95,405 372,077 26%
2001 0.17 77,211 316,373 24%
2000 0.14 63,326 255,277 25%
1999 0.085 38,345 152,463 25%
1998 0.074 33,182 133,064 25%
1997 0.063 28,309 129,457 22%
1996 0.052 23,204 106,241 22%
1995 0.045 20,419 83,496 24%
1994 0.041 18,564 64,518 29%
1993 0.037 16,579 47,469 35%
1992 0.031 13,96 34,608 40%
1991 0.028 12,797 31,034 41%
1990 0.025 11,052 25,604 43%

(1) 1 ADS = 1 ordinary share.
(2) Figures until 1999 have been retroactively adjusted to reflect the 5-for-1 stock split effective April 16, 1998, and the 2-for-1 stock split effective June 26, 2000.
(3) Figures through 1999 have been calculated converting the dividend in Italian Lira by the fixed rate of Lire 1,936.27 = Euro 1.00. Beginning with the 2000 financial statements the dividend is declared in Euro.
(4) Starting from 2010 figures are reported in accordance with IAS/IFRS; prior figures are in accordance with US/GAAP.
(5) It is comprised of an ordinary dividend amounting to €0.72 (50% payout) per share and an extraordinary dividend amounting to €0.72 per share.
(6)  Dividend proposal to be approved during the General Meeting of Shareholders on April 28, 2017.


 

Last updated: Mar 02 2017