#To See The Beauty Of Life
Solid growth in net sales and profitability in the third quarter of 2014, record free cash flow
Adjusted3,5 Group net sales of Euro 1.9 billion, up by 6.8%
Adjusted3,5 net income up by 17.5% and free cash flow of Euro 316 million3
- Adjusted3,5 Group net sales up by 6.8% (+ 5.5% on a reported basis)
- Wholesale Division’s net sales up by 9.3%, at constant2 and current exchange rates
- Retail Division’s comparable store sales4 up by 4.4%
- LensCrafters comparable store sales4 up by 2.5%, accelerating versus the second quarter
- Adjusted3,5 operating income up by 16.1%, adjusted3,5 operating margin +120bps
- Adjusted3,5 net income up by 17.5%, to Euro 173 million
- Free cash flow3 of Euro 316 million, net debt3 of Euro 1,119 million
Milan (Italy), October 29, 2014 - 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 and approved the consolidated results for the three-month and nine-month periods ended September 30, 2014 in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IAS/IFRS).