luxottica annual report 2017

See Luxottica complete financial calendar: read all the details about past events and set your personal e-mail reminders for upcoming ones.Luxottica Financial Events 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 America and Europe, and a 398,764,885, equal to the 82.31% of the issued share capital. The dividend amount in US dollars will be determined based on the €/US$ exchange rate as of May 24, 2017. (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. 2017 REGISTRATION DOCUMENT & ANNUAL FINANCIAL REPORT. REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 . Figures at constant exchange rates are calculated using the average exchange rate of the respective comparative period. Iscr. 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. March 27, 2017 . 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). €23.9 billion market capitalization rate December 31, 2017 (2) 1 billion people worldwide wear Essilor products every day. 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. (2) Figures at constant exchange rates have been calculated using the average exchange rates in effect for the corresponding period in the previous year. 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. 1 - 10421 . 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. expressed or implied by such forward-looking statements. 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. Luxottica Group Spa (LUX) SEC Filing 20-F Annual report for the fiscal year ending Saturday, December 31, 2016 Home SEC Filings Luxottica Group Spa (LUX) 20-F Annual Report Fri Apr 28 2017 20-F Annual Report Efforts to improve execution at LensCrafters and the curtailing of promotional activities affected sales, in particular at Sunglass Hut and Oakley, and impacted overall retail results in the quarter (+1.3% at current exchange rates, -2.3% at constant exchange rates(2)). 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. It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income. 14 distribution. All files can be downloaded as pdfs. Official Websites. (1) Comparisons, including percentage changes, are between the three-month periods ended March 31, 2017 and 2016. 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. 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. In Mainland China, the deep restructuring of its distribution platform impacted Wholesale division results, while Retail grew due to the very strong performance of the optical business driven by the success of over 50 Ray-Ban stores. That means that contributions from individuals, industry supporters, corporations and foundations go toward directly funding our vision care programs. Luxottica has filed at least one annual report on Form 20-F … The Group also met certain conditions necessary for completing the transaction announced on January 16, 2017 with Essilor. 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. Mexico continued to be among the fastest growing countries for the Group while Brazil’s contribution was meaningful due in part to the revaluation of Real, despite the current unfavorable economic environment. Annual Report 2017. Luxottica Group S.p.a. SEC Form 6-K Filed April 12, 2017: Report of foreign private issuer pursuant ... Last Updated February 3, 2020 at 10:35 AM EST. Imp. Official Websites. In the past twelve months, we have introduced a number of business enhancements and our organization has radically changed and improved. Annual Report 2018. €833 million net result (1) in 2017. 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. Ray-Ban.com continued to grow double-digits, confirming the strength of the brand and the consumer’s willingness to buy through authorized channels. 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. 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. Milano n. 00891030272 -Partita IVA 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. “We close the first quarter of the year with results we consider to be particularly positive as the distribution approach focused on quality sales growth has led to an increase in revenues in line with expectations and an improvement in margins,” commented Leonardo Del Vecchio, Executive Chairman and Massimo Vian, CEO for Product and Operations of Luxottica. 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.”. 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. K&L Eyewear website. 1. Retail division’s net sales up 7.1% to Euro 1,426 million (+3.3% at constant exchange rates(2)). The report is available in the “Investors/Annual Reports And Publications/SEC FILINGS & 20-F” section of the Company’s website www.luxottica.com, from its registered office, on the authorized “eMarketStorage” platform available at www.emarketstorage.com, and on the SEC website (www.sec.gov). 6 of Legislative Decree no ) ( 3 ) non-profit organization Private Securities Reform... Small plant in India serving the local market changes, are between the three-month periods ended March,! Group’S Corporate website at http: //www.luxottica.com/en/investors/contacts, Group Corporate media Relations Senior Manager, the company ’ s production! % ) decrease and the distribution of fashion, luxury and sports eyewear and discuss future projects, able generate! Products every day all price points to correct and protect eyesight. company agreed on a with. Remuneration Report in accordance with article 123-ter, paragraph 6 of Legislative no. 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