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Luxottica: record years in 2012 and 2013, net profit +20%

Expectations for the future of Luxottica are increasingly rosy, which for 2012 should close with a 13% increase in turnover and a 20% increase in net profit to 550 million – More than positive forecasts for 2013 too, thanks to the boom in America and the Armani collections – The share on the stock market did well, +1,51%.

Luxottica: record years in 2012 and 2013, net profit +20%

In the dizzying ups and downs of a Piazza Affari in perpetual ups and downs, one of the few certainties remains the share of Luxottica, which continues to gain 1,51% at 26,29 euros per share. To push again the eyewear giant founded by Leonardo Del Vecchio are the forecasts released by the management to the press for 2012 and 2013, and which prefigure, for the company, record exercises, barring sensational news on the exchange rate front.

Indeed, according to the press, Luxottica's turnover is expected to grow, in 2012, about 13%, reaching over 7 billion euro, while Ebitda should increase up to 19%. It would also be growing net profit, which would leap forward by 20% to around 550 million euros

A trend of this kind would then be followed, according to forecasts, also in 2013when they see light the collections by Armani, with which Luxottica signed an exclusive license agreement for sunglasses last Friday, with a duration of 10 years, starting from January 2013.

The forecasts of the company's management can be seen punctually confirmed by financial analysts, such as Intermonte which confirms the "neutral" recommendation and the target price set at 30 euros, o Banca Akros, which reiterates the "accumulate" judgment, setting the target price at 31,4 euros.

Banca Akros then proceeded to provide one of the explanations for the recent and future boom of the Luxottica brand, namely the huge expansion of the retail network in the United States, which ensures the company a solid and widespread presence on a thriving market.

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