Luxottica Group: net sales up 4.2% and reported net profit up 18% in first half of 2017

The ongoing strategic renewal supports the quality of sales and profits 

• Luxottica Group’s net sales increased to Euro 4,917 million (+4.2% at current exchange rates and +1.8% at constant exchange rates2) 
• Operating income: 
• adjusted^3,5: increased to Euro 899 million (+4.9% at current exchange rates and +1.9% at constant exchange rates²) and operating margin to 18.3%, up 10 basis points 
• reported: increased to Euro 868 million (+10.1% at current exchange rates and +6.9% at constant exchange rates²) and operating margin to 17.6%, up 90 basis points 
• Net income: 
• adjusted^3,5: increased to Euro 567 million (+6.7% at current exchange rates and +3.5% at constant exchange rates²) and net margin to 11.5% 
• reported: increased to Euro 562 million (+18.1% at current exchange rates and +14.7% at constant exchange rates²) and net margin to 11.4% 
• Free cash flow³ generation increased to Euro 535 million 
• Outlook confirmed for 2017 

Milan (Italy), July 24, 2017 – The Board of Directors of Luxottica Group S.p.A. (MTA: LUX), a leader in the design, manufacture, distribution and sale of fashion, luxury and sports eyewear, met today to review the consolidated net sales for the second quarter and preliminary results for the six months ended June 30, 2017, in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board.