Luxottica Group S.p.A., together with its subsidiaries, provides luxury and sports eyewear worldwide. The company operates in two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. The Manufacturing and Wholesale Distribution segment engages in the design, manufacture, wholesale distribution, and marketing of house brand and designer lines of prescription frames and sunglasses; sports eyewear products; and men’s and women’s apparel, footwear, and accessories. This segment offers its products under house brands, such as Ray-Ban, Oakley, Arnette, ESS, K&L, Luxottica, Mosley Tribes, Oliver Peoples, Persol, Revo, Sferoflex, and Vogue; and licensed brands comprising Anne...
Via C. Cantù 2
Milan, MI 20123
Founded in 1961
Luxottica Group SpA Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
Nov 13 13
Luxottica Group SpA announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company announced net sales of EUR 1,784,992,000 compared to EUR 1,783,486,000 for the same period a year ago. Income from operations was EUR 255,105,000 compared to EUR 245,823,000 for the same period a year ago. Income before provision for income taxes was EUR 231,885,000 compared to EUR 212,383,000 for the same period a year ago. Net income was EUR 148,465,000 compared to EUR 137,200,000 for the same period a year ago. Net income attributable to shareholders of the company was EUR 147,558,000 compared to EUR 136,735,000 for the same period a year ago. EBITDA rose by 2.3% to EUR 346.9 million from EUR 339.0 in the same period of 2012.
For the nine months, the company announced net sales of EUR 5,666,720,000 compared to EUR 5,453,844,000 for the same period a year ago. Income from operations was EUR 891,596,000 compared to EUR 809,070,000 for the same period a year ago. Income before provision for income taxes was EUR 816,466,000 compared to EUR 714,048,000 for the same period a year ago. Net income was EUR 522,547,000 compared to EUR 463,059,000 for the same period a year ago. Net income attributable to stockholders of the company was EUR 518,755,000 compared to EUR 459,427,000 for the same period a year ago. Earnings before Interest, Taxes, Depreciation and Amortization(EBITDA) rose by 8.7% to Euro 1,165.9 million from EUR 1,072.9 in the same period of 2012. Additionally, adjusted EBITDA increased by 7.3% to EUR 1,174.9 million from EUR 1,094.7 million in the first nine months of 2012. The increase in Net Sales were attributable to increased sales in the manufacturing and wholesale distribution segment in the first nine months of 2013 as compared to the same period in 2012 and to increased sales in the retail distribution segment of EUR 27.5 million for the same period. Net cash provided by operating activities was EUR 679,885,000 against EUR 718,667,000 for the same period a year ago. Additions of property, plant and equipment was EUR 171,374,000 against EUR 150,508,000 for the same period a year ago. Net debt as of September 30, 2013 was EUR 1,571.5 million against EUR 1,662.4 million at the end of 2012.
Luxottica Group SpA Presents at UBS European Conference, Nov-13-2013
Nov 9 13
Luxottica Group SpA Presents at UBS European Conference, Nov-13-2013 . Venue: The Landmark London Hotel, 222 Marylebone Rd, London NW1 6JQ, United Kingdom.
Luxottica Group Reports Earnings Results for the Third Quarter and Nine Months Ended September 2013
Oct 30 13
Luxottica Group reported earnings results for the third quarter and nine months ended September 2013. For the quarter, the company reported net profit of EUR 148 million, up by 7.9% on the year. The net sales rose to EUR 1.785 billion in the quarter, which is in line with the year-ago result and up by 7.4% at constant exchange rates. The earnings before interest, tax, depreciation and amortization (EBITDA) increased by 2.3% to EUR 347 million. The group's free cash flow went up to EUR 295 million and as a result the net debt narrowed to EUR 1.572 billion at end-September 2013 from EUR 1.662 billion at end-December 2012.
For the nine months, the company generated an adjusted net profit of EUR 525 million, up by 10.5% annually. The group's net sales increased to EUR 5.667 billion for the period, up by 3.9% on the year at current exchange rates and up by 7.5% at constant exchange rates. Adjusted EBITDA came in at EUR 1.175 billion, increasing by 7.3% annually.