Share

Luxottica: 2013 profit +1,9%, fourth quarter -65%

Operating profit exceeded the one billion mark, to 1,05 billion (+8,8%) – In the fourth quarter alone, however, Luxottica recorded a drop in net profit to 25,9 million (-65,4. XNUMX%), which is affected by "non-recurring costs" relating to an audit initiated by the Guardia di Finanza.

Luxottica: 2013 profit +1,9%, fourth quarter -65%

Luxottica it closed 2013 with a net profit of 544,7 million euros, an increase of 1,9%, on a turnover of 7,3 billion, an increase of 7,5%. The operating profit has exceeded the threshold of one billion, to 1,05 billion (+8,8%). 

In the fourth quarter alone, however, Luxottica recorded a drop in net profit to 25,9 million (-65,4%), which was affected by "non-recurring costs" relating to an audit initiated by the Guardia di Finanza. 

“We are once again closing a record year. We have achieved the best results in the history of the group”, commented the CEO Andrea Guerra, predicting that “2014 will be the natural evolution of the year that has just ended”.

The BoD will propose to the shareholders' meeting the distribution of a dividend of 0,65 euro per share, with total dividends of approximately 308 million and a payout of 50% of the adjusted consolidated net profit. 

Today, while waiting for Luxottica, Luxottica shares lost 0,54%.  

comments