luxottica annual report 2017

COMMISSION FILE NO. In the first three months of the year, Europe recorded excellent performance in all business areas, with sales increasing by 15.5% (+17.4% at constant exchange rates(2)), notwithstanding strong first quarter results in 2016. Our latest results, targets, achievements and previous data are all available here for Investors. Available at http://www.luxottica.com/en/toseethebeautyoflife. In 2017, the Group’s worldwide production reached approximately 89 million units. in 2017. And thanks to our global founding sponsor, Luxottica, our annual support costs are covered. Official Social Media. 398,336,797 votes in favour, equal to 99.89% of the votes represented at the Stockholders’ Meeting and to 82.22% of the Company’s issued share capital; No. Luxottica Group is a leader in premium, luxury and sports eyewear with over 7,400 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin … The presentation will be available for download from Luxottica Group’s Investors’ section at http://www.luxottica.com/en/investors/results-and-presentations shortly before the start of the audio webcast. The Group’s global wholesale distribution network covers more than 150 countries and is complemented by an extensive retail network of approximately 8,000 stores, with LensCrafters and Pearle Vision in North America, OPSM and LensCrafters in Asia-Pacific, GMO in Latin America, Salmoiraghi & Viganò in Italy and Sunglass Hut worldwide. Oliver Peoples website. These risks and uncertainties include, but are not limited to, the risk factors discussed or identified in public filings that have been, or will be, made by Essilor and/or Luxottica with the French Autorité des marches financiers (the “AMF”) and/or the United States Securities and Exchange Commission (the “SEC”) from time to time. The Group’s Annual Report on Form 20-F for the fiscal year ended December 31, 2016 has been filed with the U.S. Securities and Exchange Commission (SEC). 398,764,885, equal to the 82.31% of the issued share capital. Luxottica also has produced sun and ophthalmic lenses for more than 20 years. 1. Both the Wholesale and Retail divisions contributed to quarterly positive results. Income Statement Trend. LUXOTTICA GROUP S.p.A. Piazzale Cadorna 3, MILAN, 20123 ITALY (Address of principal executive office) Additionally, on April 11, 2017, an internal dealing form was filed by Mr. Francavilla reporting that 49,800 ordinary shares of the Company were sold on April 10, 2017 in market transactions on the Milan Stock Exchange’s Mercato Telematico Azionario at an average price per share of Euro 50.8221. A joint venture of Think Computer Corporation and Think Computer Foundation, a 501(c)(3) non-profit organization. Official Websites. 64,989,772 votes against, equal to 16.30% of the votes represented at the Stockholders’ Meeting and to 13.42% of the Company’s issued share capital; No. In January 2017, the company agreed on a merger with Essilor. Annual Report 2017. “Today Luxottica is a stronger and more competitive company, able to generate significant results and move fast on the market. All Rights Reserved. These forward-looking statements include, but are not limited to, statements regarding the proposed business combination between Essilor International and Luxottica Group (including the benefits, results, effects and timing of a transaction), all statements regarding Luxottica’s (and Essilor’s and Luxottica’s combined) expected future financial position, results of operations, cash flows, dividends, financing plans, business strategy, budgets, capital expenditures, competitive positions, growth opportunities, plans and objectives of management, and statements containing the words such as “anticipate,” “approximate,” “believe,” “plan,” “estimate,” “expect,” “project,” “could,” “would,” “should,” “will,” “intend,” “may,” “potential,” “upside,” and other similar expressions. March 27, 2017 . Luxottica reported over Euro 7.6 billion in sales, Euro 642.6 million in net income and generated record cash flow of over Euro 800 million. 9 acquisitions in 2017 in key geographies and market segments. Alain Mikli International SA designs, manufactures, and markets eye and sun glasses. Non-Government Works Copyright © 2001-2021 Think Computer Corporation. Insofar as the combination of Essilor and Luxottica Group S.p.A. (“Luxottica”) was completed on October 1, 2018, their revenue and scopes of consolidation were independent of one another throughout the third quarter 2018. Such factors may cause Luxottica’s actual results, performance or plans with respect to the combined Essilor and Luxottica group to differ materially from any future results, performance or plans. LUXOTTICA GROUP S.p.A. Piazzale Cadorna 3, MILAN, 20123 ITALY (Address of principal executive office) Total Revenue. Regarding the American Depositary Receipts (ADRs) listed on the New York Stock Exchange, the record date will be May 23, 2017 and, according to Deutsche Bank Trust Company Americas (the depositary bank for the ADR program), the payment date for the dividend in US dollars is expected to be May 31, 2017. Non-Government Works Copyright © 2001-2021 Think Computer Corporation. 914 votes against, equal to 0.0003% of the votes represented at the Stockholders’ Meeting and to 0.0002% of the Company’s issued share capital; No. For more information see Item 5 of Luxottica’s 2015 annual report on Form 20-F 2015 Production: 93 million frames & sunglasses 12 manufacturing facilities 4 distribution hubs Approx. 24 Jul 2017: Consolidated results for the six-month period ended June 30, 2017: Financial - Board of Directors : Milan 28 Apr 2017: Consolidated net sales for the three-month period ended March 31, 2017: Financial - Board of Directors : Milan 01 Mar 2017 For further information, please refer to the table in appendix. Here you … The company also provides frames. Luxottica is a leader in the design, manufacture and distribution of fashion, luxury and sports eyewear. In the first three months of 2017, the Group continued to strengthen its business model and invest in the following strategic priorities: organizational simplification; brand equity and sales quality; innovation; the development of central laboratories for the production of ophthalmic lenses in Europe, North America and China (which are completely integrated in terms of logistics and production infrastructure); digitization; and further evolving the Group’s global distribution platform. "An ever-growing number of solutions in all price points to correct and protect eyesight." Such forward-looking statements are based upon management’s current expectations and are subject to a significant business, economic and competitive risks, uncertainties and contingencies, many of which are unknown and many of which Essilor and Luxottica are unable to predict or control. Statements in this communication concerning the business outlook or future economic performance, anticipated profitability, revenues, expenses, dividends or other financial items, and product or services line growth of Luxottica (and the combined businesses of Essilor and Luxottica), together with other statements that are not historical facts, are forward-looking statements that are estimates reflecting the best judgment of Luxottica based upon currently available information. April 28, 2017 . (2) Figures at constant exchange rates have been calculated using the average exchange rates in effect for the corresponding period in the previous year. Luxottica Group S.p.A. Financial Report. All Rights Reserved. No. In the retail segment, GMO sales continued to grow in the first quarter of the year and Sunglass Hut comparable store sales(3) increased double-digits in Mexico and the Andean region. All Rights Reserved. Over 85% of our employees are share-holders of Fielmann. Luxottica’s first quarter revenues were up 5.2% as a result of the Group’s strong performance in Europe and Latin America, a favorable foreign exchange rate environment and the excellent performance of the Ray-Ban brand which confirmed its vitality driven by the success of its latest collections and new Ray-Ban stores in China and United States. Comparable store sales(3), negative in the period, were the result of a series of commercial decisions aimed at enhancing brand equity and sharply reducing discounts and promotional periods across the Group’s retail network. Non-Government Works Copyright © 2001-2021 Think Computer Corporation. 58/98. 4 Annual Report 2017 ContCoe The share price development is a reflection of the trust shown to us by our investors. 2017 REGISTRATION DOCUMENT & ANNUAL FINANCIAL REPORT. B. Luxottica has filed or submitted all reports required under Section 13(a) and Section 15(d) of the Exchange Act and the corresponding Commission rules for the 12 months preceding the filing of this Form 15F. Consult the Luxottica Annual Report and Publication archive, with information about our financial perfomance since 2003. The Wholesale division reported results in line with the first three months of 2016 (+0.5% at current exchange rates, -3.2% at constant exchange rates(2)), with a significant increase in business from independent opticians and key accounts and a decline in sales to online players due to the impact of the MAP policy. Net sales for the first quarter of 2017 in EUR and USD, Average exchange rate (in USD per EUR): 1.0648 (2017); 1.1020 (2016), Net sales change at current exchange rates. Net sales results for the first quarter of 2017 will be discussed via audio webcast on Friday, April 28, 2017 at 12:00PM EDT (5:00PM BST, 6:00PM CEST). It sells glasses through its stores in the United States, Finland, France, Italy, Japan, Taiwan, Hong Kong, and China. Figures at constant exchange rates are calculated using the average exchange rate of the respective comparative period. Retail division’s net sales up 7.1% to Euro 1,426 million (+3.3% at constant exchange rates(2)). (3) “Comps” or “Comparable store sales” reflect the change in sales from one period to another that, for comparison purposes, includes in the calculation only stores open in the more recent period that also were open during the comparable prior period, and applies to both periods the average exchange rate for the prior period and the same geographic area. Annual report and Key Performance Indicators of Arnette. 1 - 10421 . Luxottica has filed at least one annual report on Form 20-F … The approval of the Statutory Financial Statements for the year ended December 31, 2016. The 2017 accounts are adjusted for non-recurring items related, on one hand, to expenses associated with the proposed combination with Luxottica and, on the other hand, to the positive effects of tax changes in the United States and France. Since the beginning of the financial market crisis in 2008, the Fielmann share has increased by 227%, which is an appreciation of 284% in-cluding dividends. Luxottica operates also one of the fastest grow-ing managed vision care networks in the United States through EyeMed. The dividend amount in US dollars will be determined based on the €/US$ exchange rate as of May 24, 2017. For more information on Luxottica Group S.p.A. (the “Company”), please see the Company’s Annual Report on Form 20-F available on the Company’s website and filed with the SEC. Requests for hard copies of Luxottica Group’s audited consolidated financial statements (free of charge) may be made by contacting the Company’s investor relations department at investorrelations@luxottica.com. 1 - 10421 . 481 prescription. K&L Eyewear website. The Retail division in Europe expanded in the quarter thanks to the consolidation of net sales from approximately 430 Salmoiraghi & Viganò stores in Italy and sales growth in Sunglass Hut in Continental Europe. 391,398,910 votes in favour, equal to 98.15% of the votes represented at the Stockholders’ Meeting and to 80.79% of the Company’s issued share capital; No. centers. The wholesale business grew by 2.5% compared to the first three months of 2016 (unchanged at constant exchange rates(2)), despite the stricter commercial policies Luxottica implemented in North America and China. REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 . Annual Report 2017 X This website or third-party tools used by the site itself use the cookies necessary for operation and useful for the objectives illustrated in the cookie policy, including the possibility of sending you advertisements according to your interests. wear. Annual Report as of December 31, 2015 Luxottica Group S.p.A., Piazzale L. Cadorna, 3, 20123 Milano -C.F. laboratories and edging facilities. Brand doesn't have an official ecommerce. It may Annual Report 2017. For more information, please refer to the table below. The stockholders at the General Meeting also voted in favor of the Group’s Remuneration Policy. 1. REGISTRATION DOCUMENT. Previous reports on Corporate Governance are included in Financial Statements available on the Investors section. Additional information on the Group is available at www.luxottica.com. In North America, the Group’s sales up 1.1% (-2.5% at constant exchange rates(2)) continue to be affected by initiatives aimed at improving the quality of sales and distribution across all channels. 16,265 votes against, equal to 0.004% of the votes represented at the Stockholders’ Meeting and to 0.003% of the Company’s issued share capital; No. Annual Report 2015. The Company has … Annual Report 2018. K&L Eyewear ecommerce. In Australia, positive results were driven primarily by OPSM’s excellent performance stemming from new assortment policies introduced in 2016 along with the ability to attract consumers through the quality of in-store eye-exams. COMMISSION FILE NO. The stockholders at the General Meeting also approved the distribution of a cash dividend in the amount of Euro 0.92 per share, equal to 50% of the adjusted net income of the Group. A joint venture of Think Computer Corporation and Think Computer Foundation, a 501(c)(3) non-profit organization. The MAP policy in North America, the streamlining of promotional activities in the retail and online channels, the global fight against counterfeiting and grey market goods, and the change in our distribution strategy in China all weighed on the Group’s short-term performance, but will support the business and our strategic vision in the medium- to long-term.”, “The excellent reception of our new spring-summer eyewear collections, including new brands in our portfolio such as Valentino and Ferrari, and an encouraging opening of the sun season, are pairing with the positive start of the second quarter, allowing us to confirm our outlook for the full year.”. €833 million net result (1) in 2017. Latin America’s growth trend from the last two years continued and sales increased by 17.6% (+5.5% at constant exchange rates(2)) in the first quarter of 2017. Laurent Vacherot, President and Chief Operating Officer The retail business recorded a 7.1% increase (+3.3% at constant exchange rates(2)) thanks to the growth of new stores, the positive performance of optical retail in China and Australia, along with Sunglass Hut in Europe and Latin America, and the consolidation of Salmoiraghi & Viganò’s net sales into the Group’s results. That means that contributions from individuals, industry supporters, corporations and foundations go toward directly funding our vision care programs. In 2016, it was reported that Luxottica had lost its third chief executive in a year and a half as Adil Mehboob-Khan stepped down a year after he replaced Cavatorta. In 2016, with more than 80,000 employees, Luxottica posted net sales of over Euro 9 billion. Non-Government Works Copyright © 2001-2021 Think Computer Corporation. Such forward-looking statements are inherently uncertain, and stockholders and other potential investors must recognize that actual results may differ materially from Luxottica’s expectations as a result of a variety of factors. Shares represented at the Stockholders’ Meeting no. (1) Adjusted. 1 - 10421 . All files can be downloaded as pdfs. Luxottica Group S.p.a. SEC Form 6-K Filed April 28, 2017: Report of foreign private issuer pursuant ... Last Updated February 3, 2020 at 10:35 AM EST. 333,263,139 votes in favour, equal to 83.57% of the votes represented at the Stockholders’ Meeting and to 68.79% of the Company’s issued share capital; No. The growth of the Group’s e-commerce platforms, equal to 6%(2), was affected by the drop in promotional activities at Oakley.com and SunglassHut.com in the quarter. First-Half 2017 Report First-Half 2017 Condensed Consolidated Financial Statements Statement by the Person Responsible for the 2017 Interim Financial Report Statutory Auditor’s Review Report on the First-Half 2017 Financial Statements This is a free translation into English of the 2017 Interim Financial Report issued in French. No. Imp. Get Access Now. Milan (Italy), April 28, 2017 — The Board of Directors of Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX), a leader in the design, manufacture, distribution and sale of fashion, luxury and sports eyewear, met today to review the consolidated net sales for the first quarter of 2017 in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. As a result, each company is separately reporting its respective 2018 third-quarter In Asia-Pacific, the first quarter of the year showed a sequential improvement in sales performance as compared to the fourth quarter of 2016 and was up 6% from the first quarter of 2016 (+0.6% at constant exchange rates(2)) due primarily to Australia’s, India’s and Japan’s strong sales performance. 411,823 of abstentions, equal to 0.10% of the votes represented at the Stockholders’ Meeting and to 0.085% of the Company’s issued share capital; 3. Autorité des Marchés Financiers (AMF) on March 27, 2018, under number D.18-0193 in accordance with Article 212-13 of the General Regulations of the AMF. Its portfolio includes proprietary brands such as Ray-Ban, Oakley, Vogue Eyewear, Persol, Oliver Peoples and Alain Mikli, as well as licensed brands including Giorgio Armani, Burberry, Bulgari, Chanel, Coach, Dolce&Gabbana, Ferrari, Michael Kors, Prada, Ralph Lauren, Tiffany & Co., Valentino and Versace. 9 acquisitions in 2017 in key geographies and market segments ended March 31, 2016 82.31 % the... Strong devaluation of the strong devaluation of the statutory financial statements for fiscal year were extraordinary record! As of may 24, 2017 and 2016 an ever-growing number of solutions in all price points to correct protect! Offered a succession plan for Leonardo Del Vecchio, the Group ’ s performance, explore discuss! — Voting results the strength of the respective comparative period discuss future projects three-month ended. The full reports, click the button above for the year ended December 31,.... 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