Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


April 26, 2015 1:19 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

Luxottica Group SpA does not have any Key Executives recorded.

Luxottica Group SpA Key Developments

Luxottica Group SpA Proposes Distribution of Dividend and Extraordinary Dividend, Payable on May 20, 2015

The Board of Directors of Luxottica Group SpA proposed to the General Meeting the distribution of dividends in the gross amount of EUR 0.72 per ordinary share and per American Depositary Receipt. The dividends will be paid out of the company's 2014 net income, net of the amount to be set aside for the legal reserve in order to reach one-fifth of the issued share capital as of the date of the General Meeting. The Board of Directors will also submit to the General Meeting for its approval the distribution of a further extraordinary dividend in the amount of EUR 0.72 per ordinary share and per ADR that will be paid out of the remaining amount of net income and in part out of the extraordinary reserve. Subject to approval at the General Meeting, a total dividend amount of EUR 1.44 per ordinary share and per ADR will be distributed to holders. Subject to approval at the General Meeting, the dividend and the extraordinary dividend will be paid to holders of ordinary shares on May 20, 2015, with an ex-dividend date of May 18, 2015, as calculated in accordance with the Borsa Italiana calendar and with a record date of May 19, 2015. Regarding the ADRs listed on the New York Stock Exchange, the record date will be May 19, 2015 whereas the payment date by Deutsche Bank Trust Company America, the depositary bank for the ADRs that has been authorized to make the applicable payment, is expected to be May 28, 2015 based on the Euro/U.S. Dollar exchange rate as of May 20, 2015.

Luxottica Group SpA Reports Group Preliminary Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for 2015

Luxottica Group SpA reported group preliminary earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net sales were €1,867.0 million against €1,645.9 million last year. Operating income was €210.1 million against €164.1 million last year. Income before provision for income taxes was €184.7 million against €139.9 million last year. Net income attributable to stockholders was €87.6 million or €0.18 per basic and diluted share against €25.9 million or €0.05 per basic and diluted share last year. Adjusted net sales were €1,890.9 million against €1,645.9 million last year. Adjusted operating income was €215.1 million against €164.1 million last year. Adjusted net income attributable to stockholders was €121.6 million or €0.25 per share against €92.6 million or €0.20 per share last year. In the fourth quarter of 2014, adjusted net sales grew by 14.9% (9.3% at constant exchange rates), benefitting from a favorable exchange rate effect. EBITDA was €314.0 million against €256.4 million last year. Adjusted EBITDA was €319.0 million against €256.4 million last year. Free cash flow was €105 million. Capital expenditures were €149 million. Operating cash flow was €297 million. For the year, net sales were €7,652.3 million against €7,312.6 million last year. Operating income was €1,157.6 million against €1,055.7 million last year. Income before provision for income taxes was €1,060.1 million against €956.4 million last year. Net income attributable to stockholders was €642.6 million or €1.34 per diluted share against €544.7 million or €1.14 per diluted share last year. Capital expenditures were €418.9 million against €369.7 million last year. Adjusted net sales were €7,698.9 million against €7,312.6 million last year. Adjusted operating income was €1,177.6 million against €1,064.7 million last year. Adjusted net income attributable to stockholders was €687.4 million or €1.44 per share against €617.3 million or €1.31 per share last year. Free cash flow was €802 million against €648 million last year, as a result of improved profitability and continuous and efficient working capital management. The Wholesale and Retail divisions both contributed to the company’s strong net sales results. Net debt at December 31, 2014 decreased to €1,013 million against €1,461 million at December 31, 2013. EBITDA was €1,541.6 million against €1,422.3 million last year. Adjusted EBITDA was €1,561.6 million against €1,431.3 million last year. Operating cash flow was €1,250 million. For 2015, the company expects solid revenue growth and profitability to grow twice that of sales, as it has for the past five years, and sees continued growth across businesses in developed and new markets, with bright spots including Ray-Ban, Oakley and Sunglass Hut.

Luxottica Group SpA, Board Meeting, Mar 02, 2015

Luxottica Group SpA, Board Meeting, Mar 02, 2015. Agenda: To review consolidated preliminary earnings results for the fourth quarter and full year ended December 31, 2014.

Similar Private Companies By Industry

Company Name Region
Emmeffe Srl Europe
Nute Partecipazioni SpA Europe
Calderoni Europe
Cosmo srl Europe
Calzaturificio Zago Alberto S.R.L. Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 10, 2014
--
Merger/Acquisition
October 10, 2014
--
Merger/Acquisition
September 2, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Luxottica Group SpA, please visit www.luxottica.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.