Despite rumors of slowing growth, emerging countries remain the best market to sell luxury goods. It's proof of that Luxottica, the Italian sunglasses company that owns the Ray-Ban and Oackley brands, which said it has registered its best first quarter ever. The group recorded a net profit of 131 million euros, a 14% increase compared to the same period of 2011 and a turnover of 1,788 billion, almost 15% more than last year.
Most of the good results came from emerging countries, where turnover increased overall by 36%. Particularly strong performance in Brazil, India and the Far East where peaks of 40% have been reached. The results of Luxottica in Europe (+6%) and in North America (+8,5%) are not bad.
The CEO of Luxottica, Andrea Guerra, he said he was optimistic about 2012. The results of the first quarter "confirmed the sustained growth trend of both divisions of the Group in all the geographical areas in which we operate". “We therefore face the rest of the year with optimism, always aiming to do our best".
At Piazza Affari, around 9.30, the Luxottica stock it lost 1,58% to 27,95 euros per share.
