• Retail operating income: euro 205.2 million (-11.9%); Retail operating margin: 12.2% • Wholesale operating income: euro 315.7 million (+24.5%); Wholesale operating margin: 28.2% • Consolidated net income: euro 282.8 million (+26.9%); Net margin: 10.8% • Earnings per share: euro 0.62 (US$0.83 per ADS)
Andrea Guerra, chief executive officer of Luxottica Group, commented: "We are pleased to report positive results for the first half of the year, which were strong across the board notwithstanding further depreciation of the U.S. Dollar against the Euro in the period. In fact, consolidated sales for the quarter rose year-over-year by 13 percent excluding the impact of exchange rates.”
“Similarly, results of the wholesale division continued to reflect strong growth in this segment of our business as the second quarter of this year was the ninth consecutive quarter for which we enjoyed double-digit growth in sales, while representing an all-time high in terms of profitability. At the same time, we continued to strengthen our retail business, with the addition of a total of approximately 870 new and acquired stores since June 2006.
“Our teams around the globe and across both wholesale and retail are working hard to make sure we are in a position to deliver another record year. Consolidated operating income for the first half rose year-over-year by 20.3%, while consolidated operating margin improved over the period by 200 bps to 18.5%.”
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