Luxottica Group Ends 2015 With Sales of 9 Billion Euro

0
1414

Luxottica Group ends 2015 1 with total adjusted 3,5 net sales growth of +17% to Euro 9 billion

The Group simplifies the organizational structure: Leonardo Del Vecchio to take on executive responsibilities for Markets; Adil Khan to leave

Group’s adjusted3,5 net sales for 2015: +17% (+5.5% at constant exchange rates2) to more than Euro 9 billion

Wholesale division’s net sales +12.5% (+6.9% at constant exchange rates2) to Euro 3.6 billion
Retail division’s adjusted3,5 net sales +20.3% (+4.5% at constant exchange rates2) to Euro 5.4 billion
Retail Division’s comparable store sales4 +3.9%

Milan (Italy), January 29, 2016 – 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 and preliminary results for the fourth quarter of 2015 and the full fiscal year 2015 in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS).

The Board of Directors today also approved a simplification in the Group’s organizational structure with a CEO and an Executive Chairman.

Adil Khan is leaving his role as CEO for Markets and Board Member of Luxottica Group after a productive year at the side of Massimo Vian. Mr. Khan’s profile and international experience enabled him to contribute to the Group’s excellent 2015 financial results and to the deep simplification process started across businesses and geographies in late 2014.

The Chairman Leonardo Del Vecchio, founder and inspirer of the Group culture and strategic vision, will assume the executive responsibilities for Markets; Massimo Vian will continue in his role as CEO for Product and Operations.

NO COMMENTS