Luxottica Posts Rise In Profit On Healthy Sales Growth
07 Mayo 2012 - 11:26AM
Noticias Dow Jones
Luxottica SpA (LUX) said Monday its net profit rose 14% in the
first quarter as it posted double-digit sales growth.
Luxottica said it had record net profit of EUR131 million in the
first three months of the year, compared with EUR115 million in the
same period last year.
That figure includes a EUR15 million non-recurring charge
related to reorganizing Luxottica's OPSM business in Australia.
Factoring that out, adjusted net profit rose 27% to EUR146 million,
the company said.
Analysts had an average forecast of EUR143 million in adjusted
net profit.
Luxottica said its adjusted earnings before interest, taxes,
depreciation and amortization rose 22% to EUR346 million as group
net sales rose 15% to EUR1.788 billion.
As well as skyrocketing sales in emerging markets, Luxottica
posted an 8.5% gain in first-quarter North American sales, driven
by strong wholesale trends, buoyed by the launch of the new Coach
Inc. (COH) brand.
Sales in Western Europe rose a more modest 6%, while revenue in
emerging markets jumped 36%, the company said.
"We look toward the rest of the year with optimism," Chief
Executive Andrea Guerra said in a statement.
-By Christopher Emsden, Dow Jones Newswires; +39 06 6976 6920;
chris.emsden@dowjones.com
Order free Annual Report for Coach, Inc.
Visit http://djnweurope.ar.wilink.com/?ticker=US1897541041 or
call +44 (0)208 391 6028
Order free Annual Report for Luxottica Group SpA
Visit http://djnweurope.ar.wilink.com/?ticker=US55068R2022 or
call +44 (0)208 391 6028
Tapestry (NYSE:TPR)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
Tapestry (NYSE:TPR)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024