Record 2017 with net profits and free cash flow over one billion Euro

Ordinary dividend increased by 10% to Euro 1.01

Reported figures:

• Luxottica Group’s net sales rose to Euro 9,157 million (+2.2% at constant exchange rates and +0.8% at current exchange rates)
• Operating income was Euro 1,301 million (-1.3% at constant exchange rates and -3.3% at current exchange rates) and operating margin was 14.2%
• Net income increased to Euro 1,038 million (+24.7% at constant exchange rates and +22.4% at current exchange rates) and net margin was 11.3%

Adjusted^3,5 figures:

• Luxottica Group’s net sales rose to Euro 9,157 million (+2.2% at constant exchange rates and +0.8% at current exchange rates)
• Adjusted operating income increased to Euro 1,442 million  (+2.7% at constant exchange rates and +0.7% at current exchange rates) and operating margin was 15.8%
• Adjusted net income increased to Euro 970 million (+12.2% at constant exchange rates and +10.0% at current exchange rates) and net margin was 10.6%

Record free cash flow generation to Euro 1,028 million

Ordinary dividend up 10% to Euro 1.01 versus the ordinary dividend paid in 2017

Positive outlook for 2018 with continued growth 

Milan (Italy), February 26, 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 draft statutory financial statements and consolidated financial results for the fiscal year 2017 in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board.