Net sales improve in the second quarter, record net margin in the first half of 2018

• Luxottica Group’s net sales in the second quarter were Euro 2,417 million: +1.4% at constant exchange rates² and -4.9% at current exchange rates
  • Retail division’s net sales were Euro 1,516 million: +4.3% at constant exchange rates² and -2.8% at current exchange rates
  • Wholesale division’s net sales were Euro 901 million: -3.1% at constant exchange rates² and -8.2% at current exchange rates
• Luxottica Group’s net sales in the first half of the year were Euro 4,553 million: +0.3% at constant exchange rates² and -7.7% at current exchange rates
  • Retail division’s net sales were Euro 2,822 million: +2.8% at constant exchange rates² and -6.5% at current exchange rates
  • Wholesale division’s net sales were Euro 1,731 million: -3.6% at constant exchange rates² and -9.6% at current exchange rates
• Adjusted^3,5 operating income was Euro 781 million: +0.5% at constant exchange rates² and -13.1% at current exchange rates
• Reported operating income was Euro 763 million: +1.7% at constant exchange rates² and -12.2% at current exchange rates
• Adjusted^3,5 net income was Euro 545 million: +11.6% at constant exchange rates² and -3.9% at current exchange rates
• Reported net income was Euro 530 million: +9.8% at constant exchange rates² and -5.7% at current exchange rates
• Outlook confirmed for 2018

Milan (Italy), July 23, 2018 – 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, 2018, in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board.