Financial data

Results

Income statement for YEARS ENDED

KEY FIGURES IN THOUSANDS OF EURO (1)2017% OF SALES2016
restated
(2)
% OF SALES
NET SALES 9,157,291 100.0% 9,085,707 100.0%
COST OF SALES (3,282,098)   (3,153,264)  
GROSS PROFIT 5,875,194 64.2% 5,932,443 65.3%
OPERATING EXPENSES:        
SELLING EXPENSES (3,025,835)   (2,889,177)  
ROYALTIES (164,043)   (169,890)  
ADVERTISING EXPENSES (501,748)   (567,895)  
GENERAL AND ADMINISTRATIVE EXPENSES (882,971)   (960,214)  
TOTAL (4,574,597)   (4,587,176)  
OPERATING INCOME 1,300,596 14.2% 1,345,267 14.8%
OTHER INCOME (EXPENSE):        
INTEREST INCOME 18,199   15,469  
INTEREST EXPENSES (107,746)   (81,528)  
OTHER - NET 45,441   37,099  
OTHER INCOME (EXPENSES)-NET (44,106)   (28,960)  
INCOME BEFORE PROVISION FOR INCOME TAXES 1,256,490 13.7% 1,316,307 14.5%
PROVISION FOR INCOME TAXES (216,085)   (466,373)  
NET INCOME 1,040,405 11.4% 849,934 9.4%
OF WHICH ATTRIBUTABLE TO:        
- LUXOTTICA GROUP STOCKHOLDERS 1,038,445 11.3% 848,137 9.3%
- NON-CONTROLLING INTERESTS 1,960 0.0% 1,797 0.0%
NET INCOME 1,040,405 11.4% 849,934 9.4%
BASIC EARNINGS PER SHARE (ADS):  2.17    1.77  
FULLY DILUTED EARNINGS PER SHARE (ADS):  2.17    1.77  
WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES  478,068,696    479,225,730  
FULLY DILUTED AVERAGE NUMBER OF SHARES    478,348,377    480,025,531  


For additional information about adjusted figures and non-IFRS measure please see the press release

Cash flow

 Dec 31, 2016Dec 31, 2017YoY change
Adj. EBITDA(3) (4) 1,945 1,983 38
Δ working capital (83) 73 156
Capex (652) (663) (11)
Operating cash flow (3) 1,211 1,393 183
Free cash flow(3) 664 1,028 364

(3), (4) For additional disclosures, please see the presentation

Debt overview

Millions of EuroDec 31, 2016Dec 31, 2017YoY change
Net debt(3) (1,177) (740) 437
Net debt/adj. EBITDA (3) (4) 0.6x 0.4x
Net debt/adj. EBITDA excluding exchange rate effect (3) (4) (6) 0.6x 0.4x
Total operating working capital days 111 113 2

(3) (4) (6) For additional disclosures, please see the presentation

Last updated: Mar 01 2018