Luxottica it closed the first nine months of 2015 with a net profit of 705 million euros (+27%), on sales of 6,8 billion (+18%). The group announced in a note, specifying that in the third quarter alone – in adjusted terms – net profit was 290 million (+20,6%) while turnover rose by 15,4%, to 2,2. 10,1 billion, driven by both divisions of the group (+18,8% for Wholesale and +XNUMX% for Retail).
Also in the quarter, adjusted operating profit increased by 18,6% to 351 million. The period also recorded "the highest level ever recorded in the history of the group's cash generation in a single quarter" with 396 million euros.
In the first 9 months at adjusted level, revenues increased by 13,8% for the Wholesale division and by 24,1% for Retail and the operating result improved by 27,8% to 1,2 billion, with an increasing margin by 110 basis points to 17,7%. The adjusted net profit for the period was 734 million (+29,7%).
