Luxottica Group S.p.A., a global leader in the design, manufacturing and distribution of premium fashion and luxury eyewear, announced consolidated U.S. GAAP results for the three- and six-month periods ended June 30, 2007(1). Financial highlights were as follows:
Second quarter of 2007: • Consolidated sales: euro 1,326.8 million (+8.1%, +12.8% excluding the impact of exchange rates) • Total retail sales: euro 848.0 million (+1.0%, +6.7% excluding the impact of exchange rates); Retail comparable store sales(2): +1.5% • Total wholesale sales: euro 571.3 million (+17.5%, +20.5% excluding the impact of exchange rates) • Consolidated operating income: euro 262.5 million (+26.3%); Operating margin: 19.8% • Retail operating income: euro 103.8 million (-10.6%); Retail operating margin: 12.2% • Wholesale operating income: euro 164.7 million (+21.9%); Wholesale operating margin: 28.8% • Consolidated net income: euro 154.6 million (+32.9%); Net margin: 11.7% • Earnings per share: euro 0.34 (US$0.46 per ADS)
First half of 2007: • Consolidated sales: euro 2,626.6 million (+7.4%, +13.0% excluding the impact of exchange rates) • Total retail sales: euro 1,681.6 million (-0.3%, +6.5% excluding the impact of exchange rates); Retail comparable store sales(2): +1.6% • Total wholesale sales: euro 1,119.8 million (+18.9%, +22.3% excluding the impact of exchange rates) • Consolidated operating income: euro 486.6 million (+20.3%); operating margin: 18.5%
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