luxottica annual report 2017

Annual report and Key Performance Indicators of Arnette. Brand doesn't have an official ecommerce. (2) Figures at constant exchange rates have been calculated using the average exchange rates in effect for the corresponding period in the previous year. 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 Annual Report 2015. 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 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. centers. April 28, 2017 . Official Social Media. March 27, 2017 . 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. COMMISSION FILE NO. 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. 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. The deal also offered a succession plan for Leonardo Del Vecchio, the company's founder. 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. Annual Report as of December 31, 2015 Luxottica Group S.p.A., Piazzale L. Cadorna, 3, 20123 Milano -C.F. 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. Get Access Now. 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. laboratories and edging facilities. The region’s strong growth was driven by Italy, Germany, Portugal and Eastern Europe, but was also supported by contributions from other countries. 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. On April 5, 6, 7 and 10, 2017, internal dealing forms were filed by Mr. Luigi Francavilla reporting that 49,200 ordinary shares of the Company were sold on each of April 4, April 5, April 6 and April 7, respectively, in market transactions on the Milan Stock Exchange’s Mercato Telematico Azionario at an average price per share of Euro 50.8327, Euro 50.9333, Euro 50.65 and Euro 50.8622, respectively. 1 - 10421 . Imp. (adsbygoogle = window.adsbygoogle || []).push({}); REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934, Piazzale Cadorna 3, MILAN, 20123 ITALY (Address of principal executive office), Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F o, Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o, Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o, Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. 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. 1. Non-Government Works Copyright © 2001-2021 Think Computer Corporation. Non-Government Works Copyright © 2001-2021 Think Computer Corporation. COMMISSION FILE NO. A joint venture of Think Computer Corporation and Think Computer Foundation, a 501(c)(3) non-profit organization. All Rights Reserved. Annual Financial Report 2015 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. 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. Iscr. 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. 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. 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). Luxottica operates also one of the fastest grow-ing managed vision care networks in the United States through EyeMed. Figures at constant exchange rates are calculated using the average exchange rate of the respective comparative period. The Group also met certain conditions necessary for completing the transaction announced on January 16, 2017 with Essilor. Luxottica has filed at least one annual report on Form 20-F … May 11, 2017 2016-2017 Annual Report accessible to blind and visually impaired people link April 7, 2017 Document E (information document relating to the issuance of ordinary shares in consideration for the contribution in kind of Luxottica shares) The company also provides frames. 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. All Rights Reserved. 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 audio webcast will be available to the financial community and the media from Luxottica Group’s corporate website at http://www.luxottica.com/en/investors/results-and-presentations/webcasts. No. Annual Report 2017. The dividend amount in US dollars will be determined based on the €/US$ exchange rate as of May 24, 2017. An advisory vote on the first section of the Company’s Remuneration Report in accordance with article 123-ter, paragraph 6 of Legislative Decree 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 America and Europe, and a 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. Reg. And thanks to our global founding sponsor, Luxottica, our annual support costs are covered. 1 - 10421 . "The global optical market is constantly growing and continues to offer very good prospects..." Laurent Vacherot, President and Chief Operating Officer On April 5, 6, 7, 10 and 11, 2017, the requisite Italian Internal Dealing forms were issued and made publicly available on the Company’s website at www.luxottica.com and on the storage platform at www.emarketstorage.com to disclose the transactions described below. 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. 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. No. The Company has … Milano n. 00891030272 -Partita IVA 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. Laurent Vacherot, President and Chief Operating Officer No. Non-Government Works Copyright © 2001-2021 Think Computer Corporation. The total dividend amount will be approximately Euro 440 million. Additionally, Luxottica (1) Comparisons, including percentage changes, are between the three-month periods ended March 31, 2017 and 2016. REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 . 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. 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. LUXOTTICA GROUP S.p.A. Piazzale Cadorna 3, MILAN, 20123 ITALY (Address of principal executive office) wear. To get access to the full reports, click the button above! Access financial releases and publications of Essilor International (Compagnie Générale d’Optique) (renamed EssilorLuxottica on October 1st, 2018) prior to the combination and financial releases and publications of Luxottica (a 62% subsidiary of EssilorLuxottica, publicly listed on … 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. LUXOTTICA GROUP S.p.A. Piazzale Cadorna 3, MILAN, 20123 ITALY (Address of principal executive office) In January 2017, the company agreed on a merger with Essilor. 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. COMMISSION FILE NO. The French version of this Registration Document was filed with the . That means that contributions from individuals, industry supporters, corporations and foundations go toward directly funding our vision care programs. 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. Available at http://www.luxottica.com/en/toseethebeautyoflife. Income Statement Trend. 2017 REGISTRATION DOCUMENT & ANNUAL FINANCIAL REPORT. Retail division’s net sales up 7.1% to Euro 1,426 million (+3.3% at constant exchange rates(2)). 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)). Both the Wholesale and Retail divisions contributed to quarterly positive results. 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. Luxottica also has produced sun and ophthalmic lenses for more than 20 years. Luxottica also announces today the publication on the corporate website Luxottica.com of the new section “Sustainability - To see the beauty of life” that describes the Group’s sustainability vision founded on four pillars: “Commitment to excellence”, “Visual well-being”, “Social equity” and “Protecting environment”. Over 85% of our employees are share-holders of Fielmann. Group Investor Relations and Corporate Communications Director, http://www.luxottica.com/en/investors/contacts, Group Corporate Media Relations Senior Manager. All Rights Reserved. (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. Our latest results, targets, achievements and previous data are all available here for Investors. 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. Non-Government Works Copyright © 2001-2021 Think Computer Corporation. 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. 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. (1) Adjusted. Total Revenue. A joint venture of Think Computer Corporation and Think Computer Foundation, a 501(c)(3) non-profit organization. Additional information on the Group is available at www.luxottica.com. oliverpeoples.com. Shares represented at the Stockholders’ Meeting no. Consult the Luxottica Annual Report and Publication archive, with information about our financial perfomance since 2003. 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.”. 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 LUXOTTICA GROUP S.p.A. Piazzale Cadorna 3, MILAN, 20123 ITALY (Address of principal executive office) 398,764,885, equal to the 82.31% of the issued share capital. The stockholders at the General Meeting also voted in favor of the Group’s Remuneration Policy. 9 acquisitions in 2017 in key geographies and market segments. 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. 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. 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. Annual Report 2017. Our main publications (presentations, press release, financial documents, annual report, comparative information, webcasts…). 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. Montblanc annual revenue decreased from €439 million in 2016 to €370.4 million in 2017, a (15.6%) decrease. €833 million net result (1) in 2017. Luxottica disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments. The approval of the Statutory Financial Statements for the year ended December 31, 2016. Oliver Peoples website. 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. In 2017, the Group’s worldwide production reached approximately 89 million units. 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. 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. Find detailed stats on Montblanc revenue on Craft. 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. The allocation of net income and the distribution of dividends. While this had a negative impact on first quarter net sales, it was less significant than initially projected and is set to positively affect the Group’s income statement results. 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. Annual Report 2015. 1 - 10421 . 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. Luxottica 2014 Annual Review: Results for the 2014 fiscal year were extraordinary with record revenue and profitability. REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 . 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. 4 Annual Report 2017 ContCoe The share price development is a reflection of the trust shown to us by our investors. All files can be downloaded as pdfs. 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. “Today Luxottica is a stronger and more competitive company, able to generate significant results and move fast on the market. 2017. April 28, 2017 Ordinary Stockholders’ Meeting — Voting results. 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). The shares disclosed in Mr. Francavilla’s filings were held in joint usufruct with his wife. 481 prescription. April 12, 2017 . For more information, please refer to the table below. 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