Luxottica ,Solid growth in net sales and profitability in the third quarter of 2014, record free cash flow3

Luxottica ©

Milan -29 Oct 2014

 

Adjusted^3,5 Group net sales of Euro 1.9 billion, up by 6.8%

Adjusted^3,5 net income up by 17.5% and free cash flow of Euro 316 million³

• Adjusted^3,5 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
• Adjusted^3,5 operating income up by 16.1%, adjusted^3,5 operating margin +120bps
• Adjusted^3,5 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).

 

Luxottica 3Q 2014 Results :

Press Release
Presentation
Webcast

About Luxottica:

Luxottica produces and distributes sun and prescription eyewear of high technical and stylistic quality to improve the well-being and satisfaction of its customers and at the same time create value for employees and the communities in which the Group operates. Every collection, every pair of glasses, is the result of an ongoing process of research and development whose aim is to anticipate and interpret the needs, desires and aspirations of consumers all over the world.


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