Luxottica To Begin Financial Reporting In Accordance With IAS/IFRS

MILAN, April 16 /PRNewswire-FirstCall/ -- Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX) announced today that starting with the first quarter of fiscal year 2010 and for all future reporting periods it will report its financial results in accordance with the International Accounting and Reporting Standards (“IAS/IFRS”) in all financial communications including reports to the Securities and Exchange Commission of the United States (“SEC”). Up to and including the 2009 fiscal year, Luxottica had been reporting its financial results under Generally Accepted Accounting Principles of the United States (“U.S. GAAP”), which it used since its initial listing on the New York Stock Exchange.

The requirements of IAS/IFRS and U.S. GAAP have converged in recent years, which has facilitated Luxottica’s transition to a single set of accounting standards for all of its external reporting. In addition, since 2007, the SEC has allowed foreign issuers to file their financial statements prepared in accordance with IFRS without requiring any reconciliation to U.S. GAAP.  

Since 2005, the Group has also been preparing consolidated financial statements in Italy in accordance with IAS/IFRS as required by Italian laws, and has provided the financial community with a reconciliation of its U.S. GAAP and IAS/IFRS results on a quarterly basis.

Based on our recent results, the principal differences between U.S. GAAP and IFRS as they relate to Luxottica are immaterial from a financial perspective and include:

  • Share-based payment (IFRS 2 vs ASC 718)  and related tax effects (IAS 12 vs ASC 740):
    • The method for the recognition of share-based payments charges upon a change in the vesting period (service period in which the employees provide their services in exchange for share-based payments), which is prospective under U.S. GAAP and retrospective under IAS/IFRS.
    • The method to calculate the tax effects associated with stock option expensing: under U.S. GAAP, the tax effect is calculated based on the fair value of the options as of the grant date and under IAS/IFRS, the calculation is based on the intrinsic value of the stock options (difference between exercise price and share price as of the balance sheet date).  

  • Inventories (IAS 2 vs ASC 330): certain types of costs can be capitalized under IAS/IFRS but not under U.S. GAAP.

  • Business combinations (IFRS 3 vs ASC 805): differences in 2009 (year in which the Group utilized the old IFRS 3 version) included:
    • certain ancillary acquisition costs which could be capitalized under old IFRS 3, applied to the Group until December 31, 2009, but not under ASC 805. With the revised IFRS 3, which took effect on January 1, 2010, the capitalization of such costs is no longer permitted;
    • the recognition of business combinations in which non-controlling shareholders are granted a put option to sell their interest to the Group. Under IAS/IFRS, companies acquired and accounted for under this formula are fully consolidated without a separate line item for non-controlling interests. Under U.S. GAAP, such subsidiaries are consolidated in proportion to the Group’s ownership, with a separate line item indicating the equity and profit pertaining to non-controlling interests.  

  • Employee Benefits (IAS 19 vs ASC 715): Under U.S. GAAP, the time horizon to calculate expected returns on plan assets may be based on the fair value of the assets over a period as long as 5 years. Under IAS/IFRS, this calculation is performed on the fair value of the assets as of the balance sheet date.

  • Long-Term debt (IAS 39 vs ASC 310): U.S. GAAP permits the capitalization of borrowing costs and their amortization over the life of the loan. Under IAS/IFRS, such costs are recognized on the basis of their amortized costs, calculated on the basis of the effective interest rate.  

The financial statements for the quarter ended March 31, 2010, which will be reviewed and approved by the Board of Directors on April 29, 2010, will be reported in accordance with IAS/IFRS. For a comparison with the results published in 2009 (in accordance to U.S. GAAP), the financial statements of the Group, which were already published in 2009 on a quarterly basis, and its divisions are shown below as prepared in accordance with IAS/IFRS. Such figures will be used as a comparative base for the 2010 financial statements. In 2010 the company will not report an IAS/IFRS to U.S. GAAP reconciliation

About Luxottica Group S.p.A.

Luxottica Group is a leader in premium fashion, luxury and sports eyewear, with over 6,200 optical and sun retail stores in North America, Asia-Pacific, China, South Africa and Europe and a strong and well-balanced brand portfolio. Luxottica’s key house brands include Ray-Ban, the best known sun eyewear brand in the world, Oakley, Vogue, Persol, Oliver Peoples, Arnette and REVO, while license brands include Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Tiffany and Versace. In addition to a global wholesale network covering 130 countries, the Group manages leading retail brands such as LensCrafters and Pearle Vision in North America, OPSM and Laubman & Pank in Australasia, LensCrafters in Greater China and Sunglass Hut globally. The Group’s products are designed and manufactured in six Italy-based manufacturing plants, two wholly-owned plants in China and a sports sunglass production facility in the U.S. In 2009, Luxottica Group posted consolidated net sales of Euro 5.1 billion. Additional information about the Group is available at www.luxottica.com.

Safe Harbor Statement

Certain statements in this press release may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those which are anticipated. Such risks and uncertainties include, but are not limited to, our ability to manage the effect of the uncertain current global economic conditions on our business, our ability to successfully acquire new businesses and integrate their operations, our ability to predict future economic conditions and changes in consumer preferences, our ability to successfully introduce and market new products, our ability to maintain an efficient distribution network, our ability to achieve and manage growth, our ability to negotiate and maintain favorable license arrangements, the availability of correction alternatives to prescription eyeglasses, fluctuations in exchange rates, changes in local conditions, our ability to protect our proprietary rights, our ability to maintain our relationships with host stores, any failure of our information technology, inventory and other asset risk, credit risk on our accounts, insurance risks, changes in tax laws, as well as other political, economic and technological factors and other risks and uncertainties described in our filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date hereof, and we do not assume any obligation to update them.

LUXOTTICA GROUP






- SEGMENTAL INFORMATION -

FOR THE THREE-MONTH PERIOD ENDED

MARCH 31, 2009






In accordance with US - GAAP






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

501,569

810,765


1,312,334






Operating Income

105,280

83,581

(32,194)

156,667

% of sales

21.0%

10.3%


11.9%






Net Income




80,394

% of sales




6.1%






In accordance with IAS / IFRS






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

501,569

810,765


1,312,334






Operating Income

105,023

82,386

(33,236)

154,173

% of sales

20.9%

10.2%


11.7%






Net Income




78,750

% of sales




6.0%



LUXOTTICA GROUP






- SEGMENTAL INFORMATION -

FOR THE SIX-MONTH PERIOD ENDED

JUNE 30, 2009






In accordance with US - GAAP






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

1,076,977

1,636,984


2,713,960






Operating Income

235,090

199,509

(71,946)

362,652

% of sales

21.8%

12.2%


13.4%






Net Income




196,077

% of sales




7.2%






In accordance with IAS / IFRS






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

1,076,977

1,636,984


2,713,960






Operating Income

234,367

196,802

(73,682)

357,487

% of sales

21.8%

12.0%


13.2%






Net Income




194,085

% of sales




7.2%




- SEGMENTAL INFORMATION -

FOR THE THREE-MONTH PERIOD ENDED

JUNE 30, 2009


In accordance with US - GAAP


In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

575,408

826,219


1,401,626






Operating Income

129,809

115,928

(39,752)

205,986

% of sales

22.6%

14.0%


14.7%






Net Income




115,683

% of sales




8.3%








In accordance with IAS / IFRS






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

575,408

826,219


1,401,626






Operating Income

129,344

114,416

(40,446)

203,314

% of sales

22.5%

13.8%


14.5%






Net Income




115,336

% of sales




8.2%



LUXOTTICA GROUP






- SEGMENTAL INFORMATION -

FOR THE NINE-MONTH PERIOD ENDED

SEPTEMBER 30, 2009






In accordance with US - GAAP






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

1,506,468

2,430,764


3,937,233






Operating Income

297,127

313,460

(104,270)

506,317

% of sales

19.7%

12.9%


12.9%






Net Income




279,180

% of sales




7.1%






In accordance with IAS / IFRS






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

1,506,468

2,430,764


3,937,233






Operating Income

296,069

310,707

(109,726)

497,050

% of sales

19.7%

12.8%


12.6%






Net Income




269,869

% of sales




6.9%







- SEGMENTAL INFORMATION -

FOR THE THREE-MONTH PERIOD ENDED

SEPTEMBER 30, 2009


In accordance with US - GAAP






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

429,492

793,780


1,223,272






Operating Income

62,038

113,951

(32,324)

143,664

% of sales

14.4%

14.4%


11.7%






Net Income




83,103

% of sales




6.8%






In accordance with IAS / IFRS






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

429,492

793,780


1,223,272






Operating Income

61,702

113,905

(36,044)

139,563

% of sales

14.4%

14.3%


11.4%






Net Income




75,784

% of sales




6.2%



LUXOTTICA GROUP






- SEGMENTAL INFORMATION -

FOR THE TWELVE-MONTH PERIOD ENDED

DECEMBER 31, 2009






In accordance with US - GAAP






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

1,955,340

3,138,978


5,094,318






Operating Income

355,507

367,457

(139,763)

583,202

% of sales

18.2%

11.7%


11.4%






Net Income




314,762

% of sales




6.2%






In accordance with IAS / IFRS






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

1,955,340

3,138,978


5,094,318






Operating Income

356,032

360,769

(145,717)

571,085

% of sales

18.2%

11.5%


11.2%






Net Income




299,122

% of sales




5.9%







- SEGMENTAL INFORMATION -

FOR THE THREE-MONTH PERIOD ENDED

DECEMBER 31, 2009


In accordance with US - GAAP






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

448,871

708,214


1,157,085






Operating Income

58,380

53,998

(35,492)

76,885

% of sales

13.0%

7.6%


6.6%






Net Income




35,581

% of sales




3.1%






In accordance with IAS / IFRS






In thousands of Euro    

Manufacturing
and
Wholesale

Retail  

Inter-Segment
Transactions and
Corporate Adj.

Consolidated

2009










Net Sales

448,871

708,214


1,157,085






Operating Income

59,963

50,062

(35,991)

74,035

% of sales

13.3%

7.1%


6.4%






Net Income




29,253

% of sales




2.5%



LUXOTTICA GROUP

RECONCILIATION OF THE CONSOLIDATED INCOME STATEMENT

PREPARED IN ACCORDANCE WITH US GAAP AND IAS / IFRS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2009


Released last May 7, 2009











CONSOLIDATED INCOME STATEMENT










FOR THE THREE MONTH-PERIOD ENDED MARCH 31, 2009






























In thousands of Euro

US GAAP








IAS / IFRS


2009

IFRS 2

IAS 2

IFRS 3

IAS 19

IAS 39


Total

2009



Stock option

Inventories

Business combination

Employee benefit

Derivatives / Amortized cost

Other

adj. IAS-IFRS












NET SALES

1,312,334








1,312,334

COST OF SALES

(452,049)


1,061





1,061

(450,988)

GROSS PROFIT

860,285


1,061





1,061

861,346

OPERATING EXPENSES:










SELLING EXPENSES

(448,692)


(1,432)




26

(1,407)

(450,098)

ROYALTIES

(25,812)








(25,812)

ADVERTISING EXPENSES

(79,049)






(228)

(228)

(79,277)

GENERAL AND ADMINISTRATIVE EXPENSES

(129,049)

(1,558)


(768)

405



(1,920)

(130,969)

TRADEMARK AMORTIZATION

(21,017)








(21,017)

TOTAL

(703,618)

(1,558)

(1,432)

(768)

405


(203)

(3,555)

(707,174)

OPERATING INCOME

156,667

(1,558)

(371)

(768)

405


(203)

(2,494)

154,173

OTHER INCOME (EXPENSE):










INTEREST EXPENSES

(28,672)



(715)


(30)

(403)

(1,148)

(29,820)

INTEREST INCOME

2,004








2,004

OTHER - NET

(1,759)





154


154

(1,605)

OTHER INCOME (EXPENSES)-NET

(28,427)



(715)


124

(403)

(994)

(29,421)

INCOME BEFORE PROVISION FOR INCOME TAXES

128,239

(1,558)

(371)

(1,483)

405

124

(606)

(3,488)

124,751

PROVISION FOR INCOME TAXES

(43,536)


144

261

(173)

176

(288)

121

(43,415)

INCOME BEFORE MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES

84,703

(1,558)

(227)

(1,222)

232

301

(893)

(3,367)

81,336

MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES

(4,309)



1,722




1,722

(2,587)

NET INCOME

80,394

(1,558)

(227)

500

232

301

(893)

(1,645)

78,750

BASIC EARNINGS PER SHARE (ADS) (1)

0.18








0.17

FULLY DILUTED EARNINGS PER SHARE (ADS) (1)

0.18








0.17











WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES  

457,031,838








457,031,838

FULLY DILUTED AVERAGE NUMBER OF SHARES

457,079,017








457,079,017





















Notes :

(1)  Except earnings per share (ADS), which are expressed in Euro



LUXOTTICA GROUP

RECONCILIATION OF THE CONSOLIDATED INCOME STATEMENT

PREPARED IN ACCORDANCE WITH US GAAP AND IAS / IFRS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2009


Released last July 28, 2009











CONSOLIDATED INCOME STATEMENT










FOR THE SIX MONTH-PERIOD ENDED JUNE 30, 2009






























In thousands of Euro

US GAAP








IAS / IFRS


2009

IFRS 2

IAS 2

IFRS 3

IAS 19

IAS 39


Total

2009



Stock option

Inventories

Business combination

Employee benefit

Derivatives / Amortized cost

Other

adj. IAS-IFRS












NET SALES

2,713,960








2,713,960

COST OF SALES

(933,628)


2,057




(124)

1,933

(931,696)

GROSS PROFIT

1,780,332


2,057




(124)

1,933

1,782,264

OPERATING EXPENSES:










SELLING EXPENSES

(869,516)


(2,526)




(209)

(2,735)

(872,252)

ROYALTIES

(54,166)








(54,166)

ADVERTISING EXPENSES

(171,969)






(195)

(195)

(172,164)

GENERAL AND ADMINISTRATIVE EXPENSES

(280,833)

(4,130)


(751)

713



(4,168)

(285,000)

TRADEMARK AMORTIZATION

(41,195)








(41,195)

TOTAL

(1,417,680)

(4,130)

(2,526)

(751)

713


(404)

(7,098)

(1,424,777)

OPERATING INCOME

362,652

(4,130)

(470)

(751)

713


(528)

(5,165)

357,487

OTHER INCOME (EXPENSE):










INTEREST EXPENSES

(48,333)



(1,438)


862

(736)

(1,311)

(49,644)

INTEREST INCOME

3,368








3,368

OTHER - NET

(4,004)





12


12

(3,992)

OTHER INCOME (EXPENSES)-NET

(48,970)



(1,438)


875

(736)

(1,299)

(50,269)

INCOME BEFORE PROVISION FOR INCOME TAXES

313,683

(4,130)

(470)

(2,189)

713

875

(1,264)

(6,464)

307,218

PROVISION FOR INCOME TAXES

(108,660)

64

195

255

(323)

(955)

257

(506)

(109,166)

NET INCOME

205,023

(4,066)

(274)

(1,934)

391

(80)

(1,007)

(6,971)

198,052

LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST

(8,946)



4,978




4,978

(3,967)

NET INCOME ATTRIBUTABLE TO LUXOTTICA GROUP SHAREHOLDERS

196,077

(4,066)

(274)

3,044

391

(80)

(1,007)

(1,992)

194,085

BASIC EARNINGS PER SHARE (ADS) (1)

0.43








0.42

FULLY DILUTED EARNINGS PER SHARE (ADS) (1)

0.43








0.42











WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES  

457,054,182








457,054,182

FULLY DILUTED AVERAGE NUMBER OF SHARES

457,325,467








457,283,843





















Notes :

(1)  Except earnings per share (ADS), which are expressed in Euro



LUXOTTICA GROUP


RECONCILIATION OF THE CONSOLIDATED INCOME STATEMENT

PREPARED IN ACCORDANCE WITH US GAAP AND IAS / IFRS FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2009


Released last October 29, 2009



CONSOLIDATED INCOME STATEMENT

FOR THE NINE MONTH-PERIOD ENDED SEPTEMBER 30, 2009



In thousands of Euro

US GAAP








IAS / IFRS


2009

IFRS 2

IAS 2

IFRS 3

IAS 19

IAS 39


Total

2009



Stock option

Inventories

Business combination

Employee benefit

Derivatives / Amortized cost

Other

adj. IAS-IFRS












NET SALES

3,937,233








3,937,233

COST OF SALES

(1,355,551)


3,071





3,071

(1,352,481)

GROSS PROFIT

2,581,681


3,071





3,071

2,584,752

OPERATING EXPENSES:










SELLING EXPENSES

(1,280,655)


(3,315)




(320)

(3,635)

(1,284,290)

ROYALTIES

(74,509)








(74,509)

ADVERTISING EXPENSES

(245,802)






392

392

(245,410)

GENERAL AND ADMINISTRATIVE EXPENSES

(413,133)

(6,195)


(732)

(2,168)



(9,094)

(422,227)

TRADEMARK AMORTIZATION

(61,266)








(61,266)

TOTAL

(2,075,365)

(6,195)

(3,315)

(732)

(2,168)


72

(12,338)

(2,087,702)

OPERATING INCOME

506,317

(6,195)

(244)

(732)

(2,168)


72

(9,267)

497,050

OTHER INCOME (EXPENSE):










INTEREST EXPENSES

(69,265)



(2,163)


(6,826)

(1,052)

(10,041)

(79,307)

INTEREST INCOME

4,322








4,322

OTHER - NET

(1,891)

133




(148)


(14)

(1,905)

OTHER INCOME (EXPENSES)-NET

(66,834)

133


(2,163)


(6,974)

(1,052)

(10,056)

(76,890)

INCOME BEFORE PROVISION FOR
INCOME TAXES

439,482

(6,061)

(244)

(2,895)

(2,168)

(6,974)

(980)

(19,322)

420,160

PROVISION FOR INCOME TAXES

(149,325)

1,653

96

249

810

2,078

(869)

4,017

(145,308)

NET INCOME

290,157

(4,408)

(148)

(2,646)

(1,357)

(4,896)

(1,848)

(15,305)

274,852

LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST

(10,977)



5,994




5,994

(4,983)

NET INCOME ATTRIBUTABLE TO
LUXOTTICA GROUP SHAREHOLDERS

279,180

(4,408)

(148)

3,347

(1,357)

(4,896)

(1,848)

(9,311)

269,869

BASIC EARNINGS PER SHARE (ADS) (1)

0.61








0.59

FULLY DILUTED EARNINGS PER SHARE (ADS) (1)

0.61








0.59











WEIGHTED AVERAGE NUMBER OF
OUTSTANDING SHARES  

457,108,193








457,108,193

FULLY DILUTED AVERAGE NUMBER OF SHARES

457,651,491








457,661,787





















Notes :

(1)  Except earnings per share (ADS), which are expressed in Euro



LUXOTTICA GROUP


RECONCILIATION OF THE CONSOLIDATED INCOME STATEMENT

PREPARED IN ACCORDANCE WITH US GAAP AND IAS / IFRS FOR THE YEAR ENDED DECEMBER 31, 2009


Released last March 1, 2010



CONSOLIDATED INCOME STATEMENT

FOR THE YEAR ENDED DECEMBER 31, 2009












In thousands of Euro

US GAAP








IAS / IFRS


2009

IFRS 2

IAS 2

IFRS 3

IAS 19

IAS 39


Total

2009



Stock option

Inventories

Business combination

Employee benefit

Derivatives / Amortized cost

Other

adj. IAS-IFRS












NET SALES

5,094,318








5,094,318

COST OF SALES

(1,768,436)


5,846





5,846

(1,762,591)

GROSS PROFIT

3,325,882


5,846





5,846

3,331,727

OPERATING EXPENSES:










SELLING EXPENSES

(1,693,593)


(4,019)




(2,793)

(6,812)

(1,700,405)

ROYALTIES

(100,623)








(100,623)

ADVERTISING EXPENSES

(312,144)






206

206

(311,938)

GENERAL AND ADMINISTRATIVE EXPENSES

(555,664)

(8,645)


(77)

(2,633)



(11,355)

(567,019)

TRADEMARK AMORTIZATION

(80,657)








(80,657)

TOTAL

(2,742,680)

(8,645)

(4,019)

(77)

(2,633)


(2,587)

(17,961)

(2,760,642)

OPERATING INCOME

583,202

(8,645)

1,827

(77)

(2,633)


(2,587)

(12,115)

571,085

OTHER INCOME (EXPENSE):










INTEREST EXPENSES

(91,571)



(2,673)


(13,120)

(1,768)

(17,561)

(109,132)

INTEREST INCOME

6,887








6,887

OTHER - NET

(4,235)





180


180

(4,056)

OTHER INCOME (EXPENSES)-NET

(88,919)



(2,673)


(12,940)

(1,768)

(17,382)

(106,301)

INCOME BEFORE PROVISION FOR INCOME TAXES

494,283

(8,645)

1,827

(2,751)

(2,633)

(12,940)

(4,355)

(29,497)

464,784

PROVISION FOR INCOME TAXES

(167,417)

1,713

(696)

244

932

4,672

664

7,528

(159,888)

NET INCOME

326,866

(6,933)

1,131

(2,507)

(1,701)

(8,268)

(3,691)

(21,969)

304,896

LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST

(12,105)



6,330




6,330

(5,774)

NET INCOME ATTRIBUTABLE TO LUXOTTICA GROUP SHAREHOLDERS

314,762

(6,933)

1,131

3,824

(1,701)

(8,268)

(3,691)

(15,638)

299,122

BASIC EARNINGS PER SHARE (ADS) (1)

0.69








0.65

FULLY DILUTED EARNINGS PER SHARE (ADS) (1)

0.69








0.65











WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES  

457,270,491








457,270,491

FULLY DILUTED AVERAGE NUMBER OF SHARES

457,942,618








457,937,802





















Notes :

(1)  Except earnings per share (ADS), which are expressed in Euro



SOURCE Luxottica Group S.p.A.



RELATED LINKS
http://www.luxottica.com

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