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August 28, 2015 11:36 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Luxottica Group SpA

Company Overview

Luxottica Group S.p.A., together with its subsidiaries, provides fashion, luxury, sports, and performance eyewear worldwide. It operates through 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 proprietary brands and designer lines of prescription frames and sunglasses, as well as performance optics products. This segment offers its products under proprietary brands, such as Ray-Ban, Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain Mikli, and Arnette; and licensed brands, including Giorgio Armani, Bvlgari, Burberry, Chanel, Coac...

Piazzale Luigi Cadorna, 3

Milan, MI 20123

Italy

Founded in 1961

77,734 Employees

Key Executives for Luxottica Group SpA

Chief Executive Officer of Product & Operations and Director
Age: 42
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.

Luxottica Group SpA Key Developments

Luxottica Group and Burberry Renew Eyewear License Agreement

Luxottica Group and Burberry Group announced the renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Burberry name. The 10-year agreement will extend to December 31, 2025.

Luxottica Group SpA Reports Earnings Results for the Second Quarter and First Half Ended of June 30, 2015

Luxottica Group reported earnings results for the second quarter and first half ended of June 30, 2015. For the quarter, the company reported Group net sales of EUR 2,457 million compared to EUR 2,060 million a year ago. Adjusted net sales were EUR 2,501 million compared to EUR 2,060 million a year ago. Operating income was EUR 500 million compared to EUR 396 million a year ago. Adjusted operating income was EUR 521 million compared to EUR 396 million a year ago. Net income attributable to the company stockholders was EUR 295 million compared to EUR 235 million a year ago. Adjusted net income attributable to the company stockholders was EUR 314 million compared to EUR 235 million a year ago. Earnings per share was EUR 0.61 compared to EUR 0.49 a year ago. Adjusted earnings per share was EUR 0.66 compared to EUR 0.49 a year ago. Free cash flow generation was EUR 261 million. Net debt was EUR 1,447.0 million. Adjusted EBITDA was EUR 644.7 million compared to EUR 488.2 million a year ago. For the first half, the company reported Group net sales of EUR 4,667 million compared to EUR 3,902 million a year ago. Adjusted net sales were EUR 4,752 million compared to EUR 3,902 million a year ago. Operating income was EUR 859 million compared to EUR 666 million a year ago. Adjusted operating income was EUR 879 million compared to EUR 666 million a year ago. Net income attributable to the company stockholders was EUR 505 million compared to EUR 393 million a year ago. Adjusted net income attributable to the company stockholders was EUR 525 million compared to EUR 393 million a year ago. Earnings per share were EUR 1.05 compared to EUR 0.83 a year ago. Adjusted earnings per share were EUR 1.10 compared to EUR 0.83 a year ago. Free cash flow was EUR 299 million. Adjusted EBITDA was EUR 1,114.6 million compared to EUR 1,561.6 million a year ago. Capital Expenditures were EUR 216,886,000 compared to EUR 173,919,000 a year ago.

Luxottica Group SpA, Q2 2015 Earnings Call, Jul 27, 2015

Luxottica Group SpA, Q2 2015 Earnings Call, Jul 27, 2015

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 30, 2015
Luxottica Nederland B.V.
Merger/Acquisition
July 1, 2015
--
Merger/Acquisition
October 10, 2014
--
 

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