Luxottica Group continues to grow in 2016: reported net sales up 3.9% at constant exchange rates (+2.8% at current exchange rates)

Sales accelerated in the fourth quarter 

• Group’s reported net sales rose to Euro 9,086 million (+3.9% at constant exchange rates² and +2.8% at current exchange rates); fourth quarter accelerated from the third quarter, with net sales +5.2% at constant exchange rates² and +6.3% at current exchange rates
• Wholesale segment’s net sales: Euro 3,528 million for the full year (-0.4% at constant exchange rates² and -1.8% at current exchange rates); fourth quarter recovering from the third quarter, but revenues down 0.9% at constant exchange rates2 and -0.1% at current exchange rates from the fourth quarter of 2015 
• Retail segment’s net sales: Euro 5,558 million for the full year (+6.8% at constant exchange rates² and +6.0% at current exchange rates); fourth quarter accelerating from the third quarter with revenues up 8.9% at constant exchange rates2 and +10.1% at current exchange rates compared to the 2015 period 

Milan (Italy), January 30, 2017 – The Board of Directors of Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX), a leader in the design, manufacture, distribution and sale of fashion, luxury and sports eyewear, met today to review the consolidated net sales and preliminary results for the fourth quarter of 2016 and the full fiscal year 2016 in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. 

¹Comparisons, including percentage changes, are between the three and twelve-month periods ended December 31, 2016 and 2015. 

²Figures at constant exchange rates have been calculated using the average exchange rates in effect for the corresponding period in the previous year. For further information, please refer to the attached tables.