Another “+” for Luxottica

Over the first six months of 2017, Luxottica's turnover grew 4.2% (+1.8% at constant currency rates). Its Wholesale and Retail divisions both contributed to the positive performance during this period, despite the implementation of stricter trade policies in North America and China and the reduction of discounts in all sales channels. The company's e-commerce platforms contributed very positively with revenue increasing 6% at constant currency rates. During the second quarter, turnover improved by 3.2% (+1.8% at constant currency rates) and the operating result grew on the adjusted basis by 4.9% to 899 million Euros in the semester (+10.1% to 868 million Euros on reported basis), with an operating margin at 18.3% having increased by 10 basis points. In reported terms, the operating margin equalled 17.6% having increased by 90 basis points. The adjusted net profit also grew by 6.7% to 567 million Euros (+18.1% to 562 million Euros on reported basis).