October 23, 2016 11:30 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, Emporio Armani, Armani Exchange...


Milan, MI 20123


Founded in 1961

79,000 Employees


39 02 863 341

Key Executives for Luxottica Group SpA

Chief Executive Officer of Product & Operations and Director
Age: 43
Total Annual Compensation: €2.5M
Compensation as of Fiscal Year 2015.

Luxottica Group SpA Key Developments

Luxottica Group SpA Presents at Italian M&A and Private Equity Forum 2016, Oct-20-2016 09:15 AM

Luxottica Group SpA Presents at Italian M&A and Private Equity Forum 2016, Oct-20-2016 09:15 AM. Venue: Hotel Principe di Savoia, Piazza della Repubblica, 20124 Milan, Italy. Speakers: Stefano Grassi, Chief Financial Officer.

Luxottica Group and Intel Announce the Launch of Radar PaceTM

Luxottica Group and Intel announced the launch of Radar PaceTM, a smart eyewear featuring a real-time voice activated coaching system. Seeking to redefine the way athletes train, Radar Pace is the result of years of research and development between Luxottica’s Oakley brand and Intel. This revolutionary device, launching on Oakley.com and in select Oakley retail stores, creates dynamic and personalized training programs, tracks performance, coaches in real-time and responds naturally to questions asked by the user. Oakley and Intel teamed up to create a product that would allow athletes of all types to not only train hard but train well by equipping them with rich information and real-time feedback. Combining Oakley’s performance-centric design aesthetic with Intel’s experience-driven technology, Radar Pace delivers a truly innovative and personalized training mechanism for athletes of all skill levels. Radar Pace is a virtual coach that supports athletes during every step of their running and cycling training journey – interpreting data in real-time, providing personalized and actionable instruction and motivation during the course of a workout and holding athletes accountable to a structured and dynamic training program. With a hands-free conversational interface powered by Intel® Real Speech, Radar Pace helps athletes stay focused and maintain optimal training position, and the Bluetooth® audio headset allows athletes to place and receive calls and texts and listen to music.

Luxottica Group SpA Reports Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2016; Revises Earnings Guidance for the Second Half of 2016

Luxottica Group SpA reported unaudited consolidated earnings results for the half year ended June 30, 2015. For the period, Net Sales were EUR 4,719,426,000 against EUR 4,666,712,000 a year ago. Income from operations was EUR 788,076,000 against EUR 858,529,000 a year ago. Interest income was EUR 6,207,000 against EUR 5,384,000 a year ago. Income before provision for income taxes was EUR 757,646,000 against EUR 805,927,000 a year ago. Net income was EUR 477,024,000 against EUR 506,770,000 a year ago. Net income attributable to the company stockholders was EUR 475,683,000 against EUR 505,113,000 a year ago. Diluted EPS was EUR 0.99 against EUR 1.05 a year ago. Net cash provided by operating activities was EUR 689,779,000 against EUR 500,070,000 a year ago. Additions of Property, plant and equipment was EUR 275,764,000 against EUR 148,697,000 a year ago. Additions to intangible assets were EUR 57,353,000 against EUR 83,430,000 a year ago. Adjusted net income attributable to the company stockholders increased by 1.3% to EUR 531.5 million from EUR 524.7 million in the comparable period in 2015. Adjusted earnings per share were EUR 1.11. Net debt was EUR 1,126.6 against EUR 1,005.6 million a year ago. For the remainder of 2016, the company revised its expectations for a sales growth of 2%-3% at constant exchange rates; adjusted operating income and adjusted net income aligned to net sales growth.

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