Luxottica closed the first half with a Net income adjusted up 11,6% at constant exchange rates, to 545 million euros, and down 3,9% at current exchange rates. On a reported basis, net income was up 9,8% to $530 million at constant exchange rates and down 5,7% at current exchange rates.
In the semester adjusted operating profit (which excludes costs for organizational simplification and restructuring of some areas and non-recurring costs) amounted to 781 million euros, up 0,5% at constant exchange rates and down 13,1% at current exchange rates.
Il turnover consolidated for the half year amounted to 4,55 billion euro, up 0,3% at constant exchange rates and down 7,7% at current exchange rates. The retail division contributed 2,82 billion (+2,8% at constant exchange rates and -6,5% at current exchange rates), while the wholesale division recorded revenues of 1,73 billion (-3,6% and -9,6% respectively).
Weight the dollar (-7,5% in the second quarter) and a revision of distribution in Europe, which however, according to the eyewear giant, will make a positive contribution in the long term.
In any case, the group confirms the outlook for the current year: "In the light of the positive trends that we are recording also in the month of July, we confirm the outlook for 2018", declared the executive chairman Leonardo Del Vecchio, quoted in a note.
In the second quarter alone, Luxottica's consolidated revenues were 2,4 billion, up 1,4% at constant exchange rates and down 4,9% at current exchange rates. The retail division reported sales of 1,5 billion (+4,3% and -2,8%) and the wholesale division contributed 901 million (-3,1% and -8,2%).
in the semester theadjusted operating profit (which excludes costs for organizational simplification and restructuring of some areas and non-recurring costs) amounted to 781 million euros, up 0,5% at constant exchange rates and down 13,1% at current exchange rates.
Meanwhile, Luxottica and Essilor "are finalizing discussions with the Chinese antitrust authority - reads a note - and are confident of obtaining authorisation" for the proposed combination of the two groups "by the end of the month". The two groups are also "finalizing discussions with the Turkish authorities and evaluating the timing of the closure of the operation".
