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FINANCE

Luxottica: new records in sales and earnings in 2015

March 16 2016
Luxottica closed 2015 with new records in sales and earnings. Group sales exceeded Euro 9 billion, with strong organic growth of 17% (+5.5% at constant exchange rates). The Wholesale and Retail divisions both performed well, contributing to full year results with an increase respectively of 12.5% and 20.3% (+6.9% and +4.5% at constant exchange rates) over 2014 results. On the Retail side, Sunglass Hut once again confirmed its leadership position (total sales up by 24.6% in 2015, +10% at constant exchange rates), as did LensCrafters in North America, with comparable store sales up by 4.3%. By geographies, Europe and emerging markets drove growth in 2015 with an increase respectively of +7.8% and +14.5% (+6.8% and +13.3% at constant exchange rates). North America also registered excellent results. Operating income and net income grew in 2015 by more than 20%, bringing the operating margin and net margin to 16% and 9.5%, respectively.
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