Sales growth at Luxottica in 2014
Monday, January 26 2015 | 00 h 00 min | Financial News
After a year marked by administrative restructuring, Luxottica reported an increase in revenues of 6.7% (at constant exchange rates) in 2014 to $7.7 billion euros (CAN$10.75 billion).
With sales of 3.2 billion euros (CAN$4.47 billion), the Wholesale Division achieved a 8.6% increase, particularly due to Ray-Ban’s strong performance. The Retail Division generated a 5.4% increase in sales to 4.5 billion euros (CAN$6.28 billion), which was mostly driven by a 13.5% growth in Sunglass Hut sales.
Emerging markets (+17.6%) yielded the strongest results, followed by the North American market (+5.3%).
Massimo Vian, CEO for Product and Operations, expressed his pride in the 2014 results, adding that the eyewear manufacturer aims to double its revenues over the next 10 years.
To see the financial results: http://www.luxottica.com/sites/luxottica.com/files/2015_01_19_-_4q_and_fy14_sales_-_press_release_luxottica.pdf