By  on January 29, 2018

MILAN — A strong euro weighed on fourth-quarter sales of Luxottica Group SpA and, in a full-year 2017 trading update, the Italian eyewear company said revenues last year were up only 0.8 percent to 9.15 billion euros. This compares with 9.08 billion euros in 2016. At constant exchange rates, sales in the 12 months ended Dec. 31 increased 2.2 percent.

Free cash flow is expected to reach record levels and adjusted net income is expected to grow strongly, said Luxottica on Monday after trading hours in Milan, where it is publicly listed. Adjusted net income excludes the impact of adjusting items including restructuring and reorganization costs and non-recurring income and expense items. Luxottica said the performance was boosted by the group’s more efficient platform and greater business integration.

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