luxottica fiscal year

This result included a total consideration of approximately â¬600 million for the Cole National acquisition as well as â¬95.5 million in dividend paid. CrÃ©teil, People, the real driving force of Luxottica, The responsible management of the supply chain, Procedure for related parties transactions, Procedure for the management of the Inside Information, Wholesale sales: â¬1,094.3 million (+10.0%), Luxottica Group Net Sales for Fiscal Year 2004 Up Year-Over-Year by 14.1 percent, INCOME BEFORE MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES, 455,205,473 ORDINARY SHARES AUTHORIZED AND, Retail sales: â¬2,315.8 million (+15.7%); Retail comparable store sales, Retail operating income: â¬310.3 million (+15.0%); Retail Operating margin: 13.4%, Wholesale operating income: â¬233.1 million (+22.0%); Wholesale operating margin: 21.3%, Retail sales: â¬730.1 million (+37.3%); Retail comparable store sales, Wholesale sales: â¬258.2 million (+16.7%), Retail operating income: â¬74.4 million (+25.0%); Retail operating margin: 10.2%, Wholesale operating income: â¬45.4 million (+20.6%); Wholesale operating margin: 17.6%. Luxottica bought Oakley for $2 billion in June. Generally, the fiscal year in the USA starts from Oct 1 st to SEP 30 th of the next calendar year or 365 days. This page provides a brief financial summary of Luxottica Group SpA as well as the most significant critical numbers from each of its financial reports. Operating measures that assume constant exchange rates between the whole year 2004 and the whole year 2003 and the fourth quarter of 2004 and the fourth quarter of 2003 are calculated using for each currency the average exchange rate for the whole year and the three-month period ended December 31, 2003. Additional information on the company is available on the web at www.luxottica.com. A company's fiscal year is its financial year; it is any 12-month period that the company uses for accounting purposes. These forward-looking statements are made as of the date hereof and Luxottica Group does not assume any obligation to update them. The company has included this measurement to give comparative information for the two periods discussed, aligning the consolidation periods of OPSM Group and Cole National for both years 2003 and 2004. Andrea Guerra, chief executive officer of Luxottica Group, commented: âThis was a particularly strong year for our entire organization, both in retail and wholesale. All our optical and sun retail brands, from LensCrafters to Sunglass Hut to OPSM Group, performed well above industry trends, especially in terms of profitability. Luxottica’s history. For fiscal 2004, Luxottica Group posted net sales and net income respectively of â¬3,223.9 and â¬286.9 million. Welcome to Luxottica Group eProcurement Portal. By closing this banner, scrolling this page, clicking on a link or continuing browsing in any other way, you will agree to use of the cookies. Online Brand protection; Offline brand protection; Why genuine is better; Report fake; Stories; Innovation; The making of eyewear; Our History. Prior to that, in September 2003 the Group acquired control of OPSM Group, the leading eyewear retailer in Australia, and, in March 2001, Sunglass Hut International, a leading sunglass retailer with approximately 1,900 stores worldwide. Luxottica Group on the value of joining hands at the Virtual Travel Retail Expo. Definition of Fiscal Year A fiscal year is an accounting year that does not end on December 31. In the United Kingdom, the tax year. Luxottica’s 2015 financial performance confirms the Company’s ability to continuously pursue growth while achieving key strategic and organizational goals. In fact, consolidated net outstanding debt as of December 31, 2004, was â¬1,711.3 million, compared with â¬1,470.4 million as of December 31, 2003, reflecting a net increase of â¬240.9 million. Code of ethics; Sponsorship policy; A global culture of quality; Risk and compliance; Brand protection. A fiscal year could be a 12-month period of time or a 52/53-week period of time. Luxottica 2014 Annual Review: Results for the 2014 fiscal year were extraordinary with record revenue and profitability. Luxottica 2019 yılı sonuçlarına göre 9 milyar Euro’nun üzerinde net satış gerçekleştirmiştir ve yaklaşık 80,000 çalışana sahiptir. A first-class brand portfolio A vertically integrated business model For more information about BLACK-OUT PERIODS, COPYRIGHT Â©2020 LUXOTTICA GROUP P.IVA 10182640150 / All Rights ReservedSubject to direction and coordination activity by EssilorLuxottica S.A. â 712 049 618 R.C.S. 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. 2.5.1, paragraph 6, of the Rules for Markets 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. The figure is about the latest fiscal year available. 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. Operating measures that exclude the impact of fluctuations in currency exchange rates are not measures of performance under accounting principles generally accepted in the United States (U.S. GAAP). Luxottica Group is a market leader in the design, manufacture and distribution of fashion, luxury, sports and performance eyewear. Luxottica is the ideal eyewear for those seeking contemporary style and premium quality. Such risks and uncertainties include, but are not limited to, fluctuations in exchange rates, economic and weather factors affecting consumer spending, the ability to successfully introduce and market new products, the ability to successfully launch initiatives to increase sales and reduce costs, the availability of correction alternatives to prescription eyeglasses, the ability to effectively integrate recently acquired businesses, including Cole National, risks that expected synergies from the acquisition of Cole National will not be realized as planned and that the combination of Luxottica Groupâs managed vision care business with Cole National will not be as successful as planned, as well as other political, economic and technological factors and other risks referred to in Luxottica Groupâs filings with the U.S. Securities and Exchange Commission. As announced on February 15, 2005, Luxottica Group posted, in accordance with U.S. GAAP, the following results for fiscal year 2004: Consolidated net sales of €3,223.9 million; Consolidated operating income of €492.8 million; Group trends in 2013. ... Luxottica Group’s first line is still the one that best conveys the experience and tradition that are its essence. In wholesale, our strong fashion and house brands, which include Ray-Ban, the best-selling sun and prescription brand in the world, continued to strengthen their position in key markets worldwide, testifying to the overall strength of our portfolio. This information does not purport to be indicative of the actual result that would have been achieved had the OPSM Group acquisition been completed as of January 1, 2003, and the Cole National acquisition been completed as of October 4, 2003. Fashionable people buy multiple pairs, which is one reason for the success at Luxottica Group (LUX). As of December 31, 2014, Luxottica Group had 77,734 employees, with 61.2% dedicated to the retail business, 13.3% dedicated to the wholesale business and 24.9% dedicated to production and distribution activities. For fiscal 2004, Luxottica Group posted net sales and net income respectively of €3,223.9 and €286.9 million. Milan, January 30, 2019 – Luxottica Group S.p.A. (MTA: LUX), a leader in the design, manufacture, distribution and sale of fashion, luxury and sports eyewear, issued today the following financial calendar for fiscal year 2019.The following takes into account the fact that - as already announced on January 22, 2019 - pursuant to art. If you want to know more or refuse consent to all or some of the cookies, consult the cookie policy. Such statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those which are anticipated. A fiscal year-end is usually the end of any quarter, such as March 31, June 30, September 30, or December 31. The fiscal year is expressed by stating the year-end date. Net Profitability. For the full year, the tax rate was 35.4 percent, compared with a tax rate of 30.1 percent for fiscal year 2003. Luxottica in the world; Unique Approach. This result is attributable to both the Wholesale and Retail Divisions’ performance and is evidence of the Group’s determination in pursuing growth in each and every quarter. Luca Biondolillo, Head of Communications Email: LucaBiondolillo@Luxottica.com, Alessandra Senici, Manager, Investor Relations Email : AlessandraSenici@Luxottica.com, _________________________ 1 Excludes the impact of fluctuations in currency exchange rates in the translation of operating results into Euro. The lines manufactured by Luxottica Group include over 2,450 styles in a wide array of colors and sizes and are sold through 21 wholly-owned subsidiaries in the United States, Canada, Italy, France, Spain, Portugal, Sweden, Germany, the United Kingdom, Brazil, Switzerland, Mexico, Belgium, Argentina, South Africa, Finland, Austria, Norway, Japan, Australia and Poland; one 75%-owned subsidiary in Israel; a 70%-owned subsidiary in Greece; three 51%-owned subsidiaries in the Netherlands, Turkey and Singapore, one 49%-owned subsidiary in the United Arab Emirates and one 44%-owned subsidiary in India. Record free cash flow generation. Dollars per Euro) (1.2435) (1.1307) (2) Weighted average number of outstanding shares (448,275,028) (448,664,413) (3) Fully diluted average number of shares (450,360,942) (450,202,173) (4) Except earnings per share (ADS), which are expressed in Euro and U.S. Certifications; Energy Management; Sustainability Stories Milan, Italy - February 15, 2005 - Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX), global leader in the eyewear sector, today announced consolidated U.S. GAAP results for the three- and twelve-month periods ended December 31, 2004. Dollars per Euro) (1.2968) (1.1882) (2) Weighted average number of outstanding shares (448,611,400) (447,989,477) (3) Fully diluted average number of shares (451,054,240) (450,098,499) (4) Except earnings per share (ADS), which are expressed in Euro and U.S. A fiscal year differs from a calendar year in that it begins at the start of a quarter such as April 1 or October 1. Within this context, wholesale sales to third parties rose by 13.2 percent, reflecting an improvement in the trend for the year.â, âDuring the final quarter of the year, from a retail perspective in North America we focused on the integration of the important Cole National business, the success of which is key for our Group. In October 2004, Luxottica Group acquired Cole National Corporation, one of the largest U.S. optical retailers, operating more than 2,100 retail locations through Pearle Vision, Sears Optical, Target Optical and BJâs Optical, and a leading provider of managed vision care services through Cole National Managed Vision. (Accounting years of January 1 through December 31 are known as calendar years.) 4 Comparable store sales are intended as sales that, for comparison purposes, are normalized by using in the calculation only stores open during the comparable period the previous year, the same exchange rates and the same consolidation area. The adjusted financial measures should be used as a supplement to U.S. GAAP results to assist the reader in better understanding the operational performance of the Company, COPYRIGHT Â©2020 LUXOTTICA GROUP P.IVA 10182640150 / All Rights ReservedSubject to direction and coordination activity by EssilorLuxottica S.A. â 712 049 618 R.C.S. In addition, Luxottica Group's method of calculating operating performance excluding the impact of changes in exchange rates may differ from methods used by other companies. Consolidated results for the quarter and the full year include the consolidation of the Cole National business as of October 4, 2004. 2 Comparable store sales are intended as sales that, for comparison purposes, are normalized by using in the calculation only stores open during the comparable period the previous year, the same exchange rates and the same consolidation area. 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