Luxottica's Andrea Guerra pleased with performance of retail division
25 Jan '07
2 min read
Luxottica Group S.p.A. announced consolidated net sales for the three and twelve-month periods ended December 31, 2006.
Fourth quarter of 2006: • Consolidated sales: euro 1,105.3 million (+6.8%) (+13.4% excluding effect of exchange rates) -- Retail sales: euro 769.0 million (+0.4%); Retail comparable store sales: +5.7% -- Total wholesale sales: euro 408.7 million (+23.3%) (+27.3% excluding effect of exchange rates)
Fiscal year 2006: • Consolidated sales: euro 4,670.9 million (+13.0%) (+13.8% excluding effect of exchange rates) -- Retail sales: euro 3,294.0 million (+7.6%); Retail comparable store sales: +6.7% -- Total wholesale sales: euro 1,710.2 million (+30.5%) (+30.9% excluding effect of exchange rates)
Andrea Guerra, chief executive officer of Luxottica Group, commented: "2006 was another exceptional year for our Group, marking our third consecutive fiscal year of double-digit growth in sales. We currently expect that earnings per share for 2006 will be consistent with the range provided in our latest outlook."
"Our results showed strong growth from both wholesale and retail operations. The record performance by our wholesale business - +30.5 percent year-over-year growth, to over euro 1.7 billion in sales -- reflected significantly improved penetration in key markets worldwide thanks to the strength of our renewed brand portfolio."
"I am also pleased with the performance of our retail division, especially in North America, where the almost eight percent increase in sales was nearly all organic and affirmed -- including during the final quarter of the year -- the strength and additional potential of that business going forward."
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