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Luxottica: first half profit +12,8%, agreement with Chanel

The company recorded a profit of 393 million, up 12,8% at constant exchange rates and 5,8% at current exchange rates – Chief Executive Officer Andrea Guerra said he was confident and optimistic about the trend in the second half of 2014 .

Luxottica: first half profit +12,8%, agreement with Chanel

Luxottica closed the first half of the year with revenues of €3,9 billion, up 0,5% on the first half of 2013 at current exchange rates (+5,6% at constant exchange rates). The company underlined that sales accelerated in the second quarter, reaching 2 billion (+2,1% at current exchange rates and +7% at constant exchange rates). 

As for profits, the company recorded a profit of 393 million, up 12,8% at constant exchange rates and 5,8% at current exchange rates. The managing director Andrea Guerra said he was confident and optimistic about the performance of the second half of 2014, which will benefit from a gradually improving exchange rate effect. 

Along with the bills the group announced a licensing deal with Chanel until 2018.

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