Luxottica reported solid results for the first quarter of 2013. Sales grew 5.6% at constant exchange rates, with wholesale sales increasing 9.3% and comparable retail sales up 3.7%. Operating income rose 8% and net income increased 9.5% compared to the prior year. Momentum continued across geographies, with particularly strong growth in emerging markets. The company expects full-year results to be in line with targets.
- Luxottica reported solid sales growth in 3Q 2013, with wholesale sales up 13% at constant exchange rates and retail sales up 4.2% at constant exchange rates.
- The company saw strong performance in Europe, with sales up 19% in continental Europe and 13% in the Mediterranean region, both at constant exchange rates. Emerging markets also grew by 20% at constant exchange rates.
- Despite currency headwinds, Luxottica reaffirmed its full-year guidance, expecting high single-digit sales growth at constant exchange rates along with a doubling of operating income growth compared to sales growth.
Luxottica reported record results for 2Q 2013, with group sales growing 9.4% at constant exchange rates to over €2 billion for the first time. Adjusted operating income increased 90 basis points to 18.4% due to strong performance across wholesale and retail segments. Wholesale sales grew 13.9% at constant rates driven by double-digit growth in emerging markets, Western Europe, and North America. Retail comparable store sales increased 4.4% led by strong growth at Sunglass Hut worldwide and OPSM in Australia. The company remains on track to meet its full year targets and is confident in its continued positive momentum across geographies.
Luxottica Group reported strong financial results for the first quarter of 2015, with adjusted group sales growth of 22.2% reaching over €2.2 billion, up 7.2% at constant exchange rates. Retail sales grew over 20% driven by positive comparable store sales at Sunglass Hut and LensCrafters. Operating income increased 32.6% and net income grew 33.7%, reflecting margin expansion in both wholesale and retail. Management provided guidance for mid to high single-digit adjusted sales growth for full year 2015 and reaffirmed a "rule of thumb" target of 2x sales growth for operating income and net income.
Luxottica reported strong financial results for the third quarter of 2015. Group sales increased 15.4% to €2.2 billion, led by growth in North America, Europe, and Latin America. Operating income rose 18.6% and margin increased 50 basis points to 16%. The company generated a record €396 million in free cash flow. Luxottica reiterated full-year guidance for mid-to-high single digit sales growth and faster earnings growth than sales.
In the first half of 2016, OneSight helped over 86,000 people in 9 countries through charitable programs and sustainable initiatives. Notable accomplishments include piloting a mobile vision care program in the US, signing an agreement to expand permanent vision centers across Rwanda to serve its entire population of 12 million people by 2018, and partnering with an Indian organization to open vision centers serving over 1.4 million people. OneSight also provided continuing education for eye care workers in Rwanda led by Luxottica volunteers.
Luxottica FY14 Analyst & Investor presentationLuxottica Group
Luxottica reported record sales and profits in 2014. Sales increased 4.6% reported and 5.3% adjusted to over €7.6 billion, driven by strong growth in North America, Europe, and emerging markets. Adjusted operating income rose 14% and adjusted net income increased 15%, with free cash flow exceeding €800 million. Looking ahead, Luxottica expects another year of mid to high single-digit sales growth in 2015 at constant currencies.
Luxottica Group reported a 1.2% increase in net sales for the third quarter of 2016 compared to the same period in 2015. Wholesale sales declined 3.2% due to enforcement of MAP policies in North America and changes in China, while retail sales grew 3.8% driven by strong performance at Sunglass Hut. The company confirmed its full year 2016 outlook despite some short-term headwinds and expects growth to accelerate beginning in 2017 as initiatives take effect.
- Luxottica reported solid sales growth in 3Q 2013, with wholesale sales up 13% at constant exchange rates and retail sales up 4.2% at constant exchange rates.
- The company saw strong performance in Europe, with sales up 19% in continental Europe and 13% in the Mediterranean region, both at constant exchange rates. Emerging markets also grew by 20% at constant exchange rates.
- Despite currency headwinds, Luxottica reaffirmed its full-year guidance, expecting high single-digit sales growth at constant exchange rates along with a doubling of operating income growth compared to sales growth.
Luxottica reported record results for 2Q 2013, with group sales growing 9.4% at constant exchange rates to over €2 billion for the first time. Adjusted operating income increased 90 basis points to 18.4% due to strong performance across wholesale and retail segments. Wholesale sales grew 13.9% at constant rates driven by double-digit growth in emerging markets, Western Europe, and North America. Retail comparable store sales increased 4.4% led by strong growth at Sunglass Hut worldwide and OPSM in Australia. The company remains on track to meet its full year targets and is confident in its continued positive momentum across geographies.
Luxottica Group reported strong financial results for the first quarter of 2015, with adjusted group sales growth of 22.2% reaching over €2.2 billion, up 7.2% at constant exchange rates. Retail sales grew over 20% driven by positive comparable store sales at Sunglass Hut and LensCrafters. Operating income increased 32.6% and net income grew 33.7%, reflecting margin expansion in both wholesale and retail. Management provided guidance for mid to high single-digit adjusted sales growth for full year 2015 and reaffirmed a "rule of thumb" target of 2x sales growth for operating income and net income.
Luxottica reported strong financial results for the third quarter of 2015. Group sales increased 15.4% to €2.2 billion, led by growth in North America, Europe, and Latin America. Operating income rose 18.6% and margin increased 50 basis points to 16%. The company generated a record €396 million in free cash flow. Luxottica reiterated full-year guidance for mid-to-high single digit sales growth and faster earnings growth than sales.
In the first half of 2016, OneSight helped over 86,000 people in 9 countries through charitable programs and sustainable initiatives. Notable accomplishments include piloting a mobile vision care program in the US, signing an agreement to expand permanent vision centers across Rwanda to serve its entire population of 12 million people by 2018, and partnering with an Indian organization to open vision centers serving over 1.4 million people. OneSight also provided continuing education for eye care workers in Rwanda led by Luxottica volunteers.
Luxottica FY14 Analyst & Investor presentationLuxottica Group
Luxottica reported record sales and profits in 2014. Sales increased 4.6% reported and 5.3% adjusted to over €7.6 billion, driven by strong growth in North America, Europe, and emerging markets. Adjusted operating income rose 14% and adjusted net income increased 15%, with free cash flow exceeding €800 million. Looking ahead, Luxottica expects another year of mid to high single-digit sales growth in 2015 at constant currencies.
Luxottica Group reported a 1.2% increase in net sales for the third quarter of 2016 compared to the same period in 2015. Wholesale sales declined 3.2% due to enforcement of MAP policies in North America and changes in China, while retail sales grew 3.8% driven by strong performance at Sunglass Hut. The company confirmed its full year 2016 outlook despite some short-term headwinds and expects growth to accelerate beginning in 2017 as initiatives take effect.
Luxottica reported a 5.2% increase in net sales for the first quarter of 2017 compared to the same period last year. Sales growth was driven by strong performance in Europe, Latin America, and Ray-Ban brands. Wholesale sales increased 2.5% while retail sales increased 7.1%. The company expects continued sales momentum and confirms its full year 2017 outlook.
Luxottica Group reported a 0.6% increase in net sales for the first quarter of 2016 compared to the prior year period. Net sales grew 1.8% excluding currency effects. Growth was driven by strong performance in North America and Europe, while Asia-Pacific sales declined. The company expects momentum to improve in the second quarter and reaffirmed its full-year 2016 outlook despite a more uncertain global economic environment.
The document discusses the North American market for Luxottica. It notes that North America represents a structurally growing market, with opportunities remaining for increasing eyewear adoption. Luxottica's brands are well positioned across various price points and distribution channels to capitalize on this growth. The company is also focusing on innovations like digital lenses and omni-channel experiences to further drive the industry forward.
Luxottica Group reported record results for the second quarter of 2015, with adjusted group sales growing 21.4% to €2.5 billion, driven by strong performance across retail and wholesale segments. Adjusted operating margin reached a record 20.8% as manufacturing efficiencies boosted profitability. Adjusted net income reached an all-time high of €314 million, up 34% compared to the prior year. The company exited the quarter with continued momentum across geographies and a strong strategic agenda.
Luxottica Analyst & Investor presentation Fy 2015Luxottica Group
Luxottica reported strong financial results in 2015 and has outlined an optimistic outlook for 2016-2018. Key points include:
- Sales grew 17% in 2015 to over €9 billion, with operating margin up 70 basis points to 16%.
- The company expects mid-to-high single digit sales growth through 2018, with operating income growth outpacing sales growth and net debt to EBITDA of 0.5-0.4x.
- Luxottica will continue investing heavily, including accelerating capital expenditures, 500+ new store openings annually, and doubling digital transformation investments.
- The strategy involves further developing the vertically integrated model, innovation, optimizing brand portfolio and distribution channels, and digital transformation.
Luxottica, Cole National, Acquisition Dynamics in the Optic Sector - DDIM 201...Vito
Luxottica agreed to acquire Cole National Corp for $22.5 per share, valuing the deal at $662 million. However, a counter bid was made by Moulin International for $25 per share. Luxottica analyzed comparable companies and transactions to determine a fair price, estimating a range of $25-27 per share given expected synergies. While a higher price than originally offered, countering Moulin's bid at $25 was justified to obtain synergies from combining with Cole National.
Luxottica provides a financial update and outlook for 2017. In 2016, net sales grew 0.8% to over €9 billion despite currency headwinds. Adjusted net income increased 3.3% to €882 million. For 2017, Luxottica expects low to mid-single digit sales growth and adjusted net income growth of around 1%. The company will focus on sales quality, network optimization, and digital initiatives to drive further growth.
Luxottica, A long way to growth - Investors & Analysts presentation Luxottica Group
Luxottica reported record results in fiscal year 2012, with all-time high sales of €7 billion, up 14% year-over-year. Operating income increased 22.3% to over €1 billion. Free cash flow generation exceeded €700 million. Demographic and economic trends in emerging markets and developed countries are fueling long-term expansion in the eyewear industry.
Luxottica reported solid first quarter 2014 results with sales growing 4.2% at constant exchange rates. Wholesale sales increased 7.9% driven by strong growth in Europe and emerging markets. Retail comparable store sales grew 1.9% despite challenges in North America from harsh winter weather. The company delivered improved operating leverage of 60 basis points at constant exchange rates and maintained a net debt to EBITDA ratio of 1.0 times. Luxottica entered the second quarter with continued positive sales momentum and an excellent reception of new sun collections.
Luxottica reported record results for 2017, with over €1 billion in net income and free cash flow. Group sales grew 2.2% at constant exchange rates, driven by Europe and Latin America. Adjusted operating income reached €1,442 million with an adjusted operating margin of 15.8%. The company exceeded €1 billion in free cash flow and proposed a 10% increase in ordinary dividend per share. Looking ahead, Luxottica expects continued sales growth and improving profitability and return on invested capital.
Luxottica reported a 0.8% increase in net sales at constant exchange rates for 3Q 2017 compared to 3Q 2016. Sales were impacted by store closures in September due to hurricanes and other natural disasters. While July and August saw improving sales, LensCrafters performance was hurt by its store transformation project and bad weather negatively impacting foot traffic. The company confirmed its full year 2017 outlook.
- Nord Anglia Education reported financial results for the third quarter of fiscal year 2016, with revenue up 49.4% and adjusted EBITDA up 39.9% over the prior year.
- Operational metrics also increased significantly year-over-year, including a 47.5% rise in average full-time equivalent students to 35,309.
- The company provided an updated outlook for fiscal year 2016, tightening guidance ranges for revenue, adjusted EBITDA, adjusted net income, and adjusted EPS.
Every year at the occasion of BaselWorld, Digital Luxury Group unveils the results of the WorldWatchReport™, the leading market research in the luxury watch industry published in partnership with Europa Star, and the gracious support of the Fondation de la Haute Horlogerie.
The full edition of the report, which this year will cover 60+ brands in 20 markets worldwide, will be available in April 2013 at the time of Baselworld.
1. Milan, July 23, 2018 - Luxottica reported a 0.3% increase in net sales at constant exchange rates for the first half of 2018, with sales accelerating to a 1.4% increase in the second quarter.
2. The company achieved record adjusted net income margins of 12% for the first half, driven by improved retail margins of 15.1% as strategic initiatives gained traction, despite wholesale margin dilution.
3. Management confirmed full-year 2018 guidance of 2-4% sales growth at constant exchange rates and adjusted net income growth of 1-2 times sales growth, positioning themselves for the low end of the sales range.
This document provides a preview of Digital Luxury Group's 2013 Haute Horlogerie report. The preview analyzes search data and social media metrics for 18 luxury watch brands from January to September 2012. Key findings include Patek Philippe leading the segment and strong growth in searches from China, Russia, Brazil and other emerging markets. The full 2013 report will analyze over 60 brands and be released in April at the Baselworld trade show.
Luxottica reported strong growth in net sales for the fourth quarter and full year 2010. Net sales for the fourth quarter increased 16.4% to €1.3 billion, and full year 2010 net sales reached a record €5.8 billion, up 13.8% over 2009. The company expects full year 2010 net income to exceed €400 million, an increase of approximately 35% over 2009. Both the Wholesale and Retail Divisions contributed to revenue growth, with particularly strong performances in North America and emerging markets.
Luxottica reported a 0.8% decrease in net sales for 1Q 2018 compared to 1Q 2017 at constant exchange rates. Wholesale sales declined 4.2% due to weak trends in Europe from severe weather and changes in order timing from 2017. Retail sales grew 1.3%, driven by growth at Sunglass Hut but impacted by declines in Europe in March. The company confirmed its full year 2018 outlook despite the soft start.
Tennant Company reported second quarter 2016 earnings. Key highlights include:
- Consolidated net sales of $216.8 million, up 2.4% organically.
- Record second quarter sales in the Americas and strong organic growth in EMEA.
- Net earnings of $0.89 per diluted share on a constant currency basis, up 12.7% versus prior year.
- The company narrowed full-year sales guidance and raised earnings guidance.
Luxottica reported solid sales growth in 3Q 2014, with group sales increasing 6.8% adjusted for currency fluctuations. Wholesale sales grew 9.3% and retail comparable store sales increased 4.4%. The company saw strong profitability gains, with adjusted operating income growing 16.1% and margin increasing 120 basis points. Luxottica also generated record free cash flow of €316 million due to improved profitability and working capital management. While sales growth in Europe was modest, the company saw continued healthy momentum in North America and emerging markets.
Luxottica reported strong results for 2Q 2014, with accelerating group sales growth of 7.0% at constant exchange rates. Wholesale sales grew 10.3% at constant exchange rates, driven by robust growth of Ray-Ban and Oakley brands across geographies and channels. Retail comparable store sales increased 4.8%. The company achieved record quarterly profitability of 19.2% operating margin due to wholesale and retail margin expansion. Free cash flow generation was also record high at €321 million. Luxottica expects currency headwinds to ease in the second half of 2014 and remains confident in the back-to-school season.
The financial report summarizes Santander Group's performance in the first quarter of 2014. Key highlights include a 22.9% increase in attributable profit compared to the previous quarter, driven by growth across all major income statement lines. The common equity tier 1 ratio was 10.6% and loan volumes increased in emerging markets by around 10% year-over-year. Business segments in Latin America, the UK, and Continental Europe reported higher profits compared to the previous quarter. Santander continued initiatives to transform retail banking and launched new programs to support SMEs across its markets.
Luxottica reported a 5.2% increase in net sales for the first quarter of 2017 compared to the same period last year. Sales growth was driven by strong performance in Europe, Latin America, and Ray-Ban brands. Wholesale sales increased 2.5% while retail sales increased 7.1%. The company expects continued sales momentum and confirms its full year 2017 outlook.
Luxottica Group reported a 0.6% increase in net sales for the first quarter of 2016 compared to the prior year period. Net sales grew 1.8% excluding currency effects. Growth was driven by strong performance in North America and Europe, while Asia-Pacific sales declined. The company expects momentum to improve in the second quarter and reaffirmed its full-year 2016 outlook despite a more uncertain global economic environment.
The document discusses the North American market for Luxottica. It notes that North America represents a structurally growing market, with opportunities remaining for increasing eyewear adoption. Luxottica's brands are well positioned across various price points and distribution channels to capitalize on this growth. The company is also focusing on innovations like digital lenses and omni-channel experiences to further drive the industry forward.
Luxottica Group reported record results for the second quarter of 2015, with adjusted group sales growing 21.4% to €2.5 billion, driven by strong performance across retail and wholesale segments. Adjusted operating margin reached a record 20.8% as manufacturing efficiencies boosted profitability. Adjusted net income reached an all-time high of €314 million, up 34% compared to the prior year. The company exited the quarter with continued momentum across geographies and a strong strategic agenda.
Luxottica Analyst & Investor presentation Fy 2015Luxottica Group
Luxottica reported strong financial results in 2015 and has outlined an optimistic outlook for 2016-2018. Key points include:
- Sales grew 17% in 2015 to over €9 billion, with operating margin up 70 basis points to 16%.
- The company expects mid-to-high single digit sales growth through 2018, with operating income growth outpacing sales growth and net debt to EBITDA of 0.5-0.4x.
- Luxottica will continue investing heavily, including accelerating capital expenditures, 500+ new store openings annually, and doubling digital transformation investments.
- The strategy involves further developing the vertically integrated model, innovation, optimizing brand portfolio and distribution channels, and digital transformation.
Luxottica, Cole National, Acquisition Dynamics in the Optic Sector - DDIM 201...Vito
Luxottica agreed to acquire Cole National Corp for $22.5 per share, valuing the deal at $662 million. However, a counter bid was made by Moulin International for $25 per share. Luxottica analyzed comparable companies and transactions to determine a fair price, estimating a range of $25-27 per share given expected synergies. While a higher price than originally offered, countering Moulin's bid at $25 was justified to obtain synergies from combining with Cole National.
Luxottica provides a financial update and outlook for 2017. In 2016, net sales grew 0.8% to over €9 billion despite currency headwinds. Adjusted net income increased 3.3% to €882 million. For 2017, Luxottica expects low to mid-single digit sales growth and adjusted net income growth of around 1%. The company will focus on sales quality, network optimization, and digital initiatives to drive further growth.
Luxottica, A long way to growth - Investors & Analysts presentation Luxottica Group
Luxottica reported record results in fiscal year 2012, with all-time high sales of €7 billion, up 14% year-over-year. Operating income increased 22.3% to over €1 billion. Free cash flow generation exceeded €700 million. Demographic and economic trends in emerging markets and developed countries are fueling long-term expansion in the eyewear industry.
Luxottica reported solid first quarter 2014 results with sales growing 4.2% at constant exchange rates. Wholesale sales increased 7.9% driven by strong growth in Europe and emerging markets. Retail comparable store sales grew 1.9% despite challenges in North America from harsh winter weather. The company delivered improved operating leverage of 60 basis points at constant exchange rates and maintained a net debt to EBITDA ratio of 1.0 times. Luxottica entered the second quarter with continued positive sales momentum and an excellent reception of new sun collections.
Luxottica reported record results for 2017, with over €1 billion in net income and free cash flow. Group sales grew 2.2% at constant exchange rates, driven by Europe and Latin America. Adjusted operating income reached €1,442 million with an adjusted operating margin of 15.8%. The company exceeded €1 billion in free cash flow and proposed a 10% increase in ordinary dividend per share. Looking ahead, Luxottica expects continued sales growth and improving profitability and return on invested capital.
Luxottica reported a 0.8% increase in net sales at constant exchange rates for 3Q 2017 compared to 3Q 2016. Sales were impacted by store closures in September due to hurricanes and other natural disasters. While July and August saw improving sales, LensCrafters performance was hurt by its store transformation project and bad weather negatively impacting foot traffic. The company confirmed its full year 2017 outlook.
- Nord Anglia Education reported financial results for the third quarter of fiscal year 2016, with revenue up 49.4% and adjusted EBITDA up 39.9% over the prior year.
- Operational metrics also increased significantly year-over-year, including a 47.5% rise in average full-time equivalent students to 35,309.
- The company provided an updated outlook for fiscal year 2016, tightening guidance ranges for revenue, adjusted EBITDA, adjusted net income, and adjusted EPS.
Every year at the occasion of BaselWorld, Digital Luxury Group unveils the results of the WorldWatchReport™, the leading market research in the luxury watch industry published in partnership with Europa Star, and the gracious support of the Fondation de la Haute Horlogerie.
The full edition of the report, which this year will cover 60+ brands in 20 markets worldwide, will be available in April 2013 at the time of Baselworld.
1. Milan, July 23, 2018 - Luxottica reported a 0.3% increase in net sales at constant exchange rates for the first half of 2018, with sales accelerating to a 1.4% increase in the second quarter.
2. The company achieved record adjusted net income margins of 12% for the first half, driven by improved retail margins of 15.1% as strategic initiatives gained traction, despite wholesale margin dilution.
3. Management confirmed full-year 2018 guidance of 2-4% sales growth at constant exchange rates and adjusted net income growth of 1-2 times sales growth, positioning themselves for the low end of the sales range.
This document provides a preview of Digital Luxury Group's 2013 Haute Horlogerie report. The preview analyzes search data and social media metrics for 18 luxury watch brands from January to September 2012. Key findings include Patek Philippe leading the segment and strong growth in searches from China, Russia, Brazil and other emerging markets. The full 2013 report will analyze over 60 brands and be released in April at the Baselworld trade show.
Luxottica reported strong growth in net sales for the fourth quarter and full year 2010. Net sales for the fourth quarter increased 16.4% to €1.3 billion, and full year 2010 net sales reached a record €5.8 billion, up 13.8% over 2009. The company expects full year 2010 net income to exceed €400 million, an increase of approximately 35% over 2009. Both the Wholesale and Retail Divisions contributed to revenue growth, with particularly strong performances in North America and emerging markets.
Luxottica reported a 0.8% decrease in net sales for 1Q 2018 compared to 1Q 2017 at constant exchange rates. Wholesale sales declined 4.2% due to weak trends in Europe from severe weather and changes in order timing from 2017. Retail sales grew 1.3%, driven by growth at Sunglass Hut but impacted by declines in Europe in March. The company confirmed its full year 2018 outlook despite the soft start.
Tennant Company reported second quarter 2016 earnings. Key highlights include:
- Consolidated net sales of $216.8 million, up 2.4% organically.
- Record second quarter sales in the Americas and strong organic growth in EMEA.
- Net earnings of $0.89 per diluted share on a constant currency basis, up 12.7% versus prior year.
- The company narrowed full-year sales guidance and raised earnings guidance.
Luxottica reported solid sales growth in 3Q 2014, with group sales increasing 6.8% adjusted for currency fluctuations. Wholesale sales grew 9.3% and retail comparable store sales increased 4.4%. The company saw strong profitability gains, with adjusted operating income growing 16.1% and margin increasing 120 basis points. Luxottica also generated record free cash flow of €316 million due to improved profitability and working capital management. While sales growth in Europe was modest, the company saw continued healthy momentum in North America and emerging markets.
Luxottica reported strong results for 2Q 2014, with accelerating group sales growth of 7.0% at constant exchange rates. Wholesale sales grew 10.3% at constant exchange rates, driven by robust growth of Ray-Ban and Oakley brands across geographies and channels. Retail comparable store sales increased 4.8%. The company achieved record quarterly profitability of 19.2% operating margin due to wholesale and retail margin expansion. Free cash flow generation was also record high at €321 million. Luxottica expects currency headwinds to ease in the second half of 2014 and remains confident in the back-to-school season.
The financial report summarizes Santander Group's performance in the first quarter of 2014. Key highlights include a 22.9% increase in attributable profit compared to the previous quarter, driven by growth across all major income statement lines. The common equity tier 1 ratio was 10.6% and loan volumes increased in emerging markets by around 10% year-over-year. Business segments in Latin America, the UK, and Continental Europe reported higher profits compared to the previous quarter. Santander continued initiatives to transform retail banking and launched new programs to support SMEs across its markets.
The document provides an overview of Banco Santander's financial results for the first half of 2015. Key points include:
- Profit grew 24% year-over-year to EUR 3.4 billion, driven by increased commercial revenues and improved cost of credit.
- Loans increased 7% and customer funds grew 8% compared to the prior year.
- Capital and solvency ratios strengthened, with the CET1 ratio up to 9.8%.
- The bank continued transforming its business model to be more simple, personal and fair for customers.
- Sanofi reported solid financial results for Q1 2015, with sales up 2.4% at CER and business EPS up 2.6% at CER.
- Genzyme and Merial performed strongly, with Genzyme sales up 30.9% at CER and Merial sales up 13.5%.
- Multiple new product launches are underway or imminent, including Toujeo and the dengue vaccine.
- Regulatory submissions have been made for Praluent, the dengue vaccine, and a pediatric hexavalent vaccine.
This document provides a summary of Transcom's second quarter 2013 results presentation. The key points are:
1) Transcom is a global customer experience specialist providing outsourced customer care, sales, technical support, and credit management through an extensive network of contact centers.
2) In Q2 2013, Transcom's revenue increased 13.0% compared to Q2 2012, driven by stable growth in their CRM operations. EBIT also increased by €1.5m compared to Q2 2012.
3) Going forward, Transcom's strategic priorities are to grow revenue in line with market growth, improve profitability, and decrease earnings volatility by strengthening efficiency, optimizing their
- 3M's 2012 annual report summarizes the company's financial performance and strategic initiatives for the year. Net sales increased slightly to $29.9 billion while earnings per share grew 6% to $6.32. The report highlights 3M's new vision of using technology, products and innovation to advance companies, enhance homes, and improve lives. It also outlines six strategies to drive growth and the company's financial targets for the next five years. Overall, 2012 was a solid year of results in an uncertain economy and 3M is well-positioned for continued success.
This document provides a summary of Transcom's first quarter 2013 results presentation. The key points are:
- Transcom is a global customer experience specialist providing outsourced customer care, sales, technical support, and credit management through contact centers and work-from-home agents.
- In Q1 2013, Transcom's revenue increased 15.9% compared to Q1 2012, driven by growth across all regions. EBIT also increased by €5 million compared to Q1 2012.
- To return to historical margins, Transcom needs to continue improving key performance indicators like seat utilization, efficiency, offshore/onshore delivery mix, and attrition.
- Going forward,
This financial report provides key data on Banco Santander's financial performance from January to September 2014. Some highlights include:
- Attributable profit for the first nine months of 2014 was EUR 4,361 million, up 31.7% year-on-year, driven by higher gross income, lower costs and lower loan-loss provisions.
- Common Equity Tier 1 ratio was 11.44% at the end of September, well above minimum requirements.
- Volumes grew in eight of the bank's ten core markets, with notable growth in Brazil and Poland. Non-performing loans and coverage ratios improved compared to prior periods.
The document provides an overview of London Stock Exchange Group's preliminary financial results for fiscal year 2013. Key highlights include:
- Revenue increased 7% to £726.4 million and adjusted total income grew 5% to £852.9 million.
- FTSE Russell saw a 9% increase in revenue and continued to expand globally. The acquisition of a majority stake in LCH.Clearnet was also completed.
- Adjusted earnings per share increased 5% to 105.3 pence and the final dividend was raised 4% to 19.8 pence per share.
Tennant Company reported earnings for the second quarter of 2015. Key points include:
- Consolidated net sales were $215.4 million, up nearly 4% organically over the prior year.
- Earnings were $0.79 per diluted share.
- Growth was led by strong strategic account sales in North America and new products.
- The company reaffirmed its 2015 EPS guidance of $2.40 to $2.70 per share.
- Order intake and net sales for the Gunnebo Group increased in the third quarter and January-September period compared to the previous year. Asia-Pacific and the Americas regions saw the strongest growth while Europe remained unstable.
- The operating margin increased for the Group in the third quarter and January-September period compared to the previous year due to cost reductions and improved profitability in several business areas.
- Several major orders were received during the period from customers in industries like banking, retail, and transportation that aligned with the Group's strategy.
This document provides a financial report for Banco Santander for the first half of 2013. Some key highlights include:
- Attributable profit of €2,255 million for H1 2013, up 28.9% from H1 2012.
- Core capital ratio of 11.11% as of June 2013, up from previous quarter.
- Agreement reached to boost Santander's asset management business by partnering with two investment firms.
- Business volumes grew across most regions, especially in Brazil and Latin America.
- Provisions stabilized or decreased across most areas except Spain.
- Santander was recognized as the "Sustainable Global Bank of the Year."
- Telefónica reported results for the first half of 2013, with revenues declining 7.8% year-over-year but growing 0.5% organically. OIBDA declined 9.7% year-over-year but was roughly stable at €9.4 billion excluding foreign exchange impacts.
- Commercial activity was strong in the second quarter, with record smartphone additions of 8.2 million. This helped recover organic revenue growth.
- Cash flow generation was also strong, with free cash flow of €1.9 billion in the second quarter alone. Net debt was reduced by €10 billion since mid-2012.
- Performance was led by Latin America, with Brazil in particular seeing double-
2013 Fourth Quarter Results - The slides for the analyst presentationLafarge
- Lafarge reported its 2013 fourth quarter and full year results. Key highlights included continued improvement in operational trends with volumes up and prices remaining firm. EBITDA was up 14% on a like-for-like basis in Q4 despite foreign exchange impacts. Net debt was reduced by €1 billion for the full year. Lafarge expects markets to grow 2-5% in 2014 and will focus on executing cost savings and organic growth initiatives.
Sanofi reported its Q2 2015 results, highlighting:
1) Sales grew 4.9% at CER to €9.38 billion, driven by growth across all businesses except diabetes.
2) Business EPS grew 5.1% at CER to €1.41 per share.
3) Praluent was approved by the FDA and received a positive CHMP opinion for launch in the US and EU.
3) Regulatory filings are expected in the second half of 2015 for lixisenatide, LixiLan, and sarilumab.
1) Banco Santander reported growth in key financial metrics in the first quarter of 2015 compared to the same period in 2014, including attributable profit increasing 31.8%, net interest income up 15%, and gross income growing 13%.
2) Loan volumes increased 14.3% and customer deposits grew 10.8% compared to the first quarter of 2014.
3) Attributable profits were strongest in Continental Europe (up 44% year-over-year) and Latin America (up 23% year-over-year excluding exchange rates), with all regions showing growth except Portugal.
CDON Group reported 10% sales growth in the first quarter of 2014 with positive results. Three of the four business segments saw sales increases. Cash flow improved by 160 million SEK year-over-year. The Sports & Health segment continued its strong growth while the Fashion segment launched new sites in new markets.
Klöckner & Co - Q3 2013 Results, Analysts' and Investors' Conference, Novemb...Klöckner & Co SE
- Klöckner & Co reported Q3 2013 results with turnover down 8.3% year-over-year to €1.6 billion due to weak steel markets and restructuring measures. Gross profit margin improved to 18.5% from 16.6% in Q3 2012.
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2. FORWARD LOOKING STATEMENT
Certain statements in this investor presentation may constitute “forward-looking statements” as defined in the Private
Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that could cause
actual results to differ materially from those which are anticipated. Such risks and uncertainties include, but are not
limited to, our ability to manage the effect of the uncertain current global economic conditions on our business, our
ability to successfully acquire new businesses and integrate their operations, our ability to predict future economic
conditions and changes in consumer preferences, our ability to successfully introduce and market new products, our
ability to maintain an efficient distribution network, our ability to achieve and manage growth, our ability to negotiate and
maintain favorable license arrangements, the availability of correction alternatives to prescription eyeglasses,
fluctuations in exchange rates, changes in local conditions, our ability to protect our proprietary rights, our ability to
maintain our relationships with host stores, any failure of our information technology, inventory and other asset risk,
credit risk on our accounts, insurance risks, changes in tax laws, as well as other political, economic, legal and
technological factors and other risks and uncertainties described in our filings with the US Securities and Exchange
Commission. These forward-looking statements are made as of the date hereof, and we do not assume any obligation
to update them.
This investor presentation contains measures that were not prepared in accordance with IAS/IFRS. For a
reconciliation of non-IAS/IFRS measures used in these materials, see the Company’s press release titled
“Luxottica continues solid growth in first quarter of 2013” dated April 29, 2013, available on
www.luxottica.com website under the Investors tab.
1Q 2013 results 2
3. 1Q 2013 results
SOLID START TO THE YEAR
› Group sales up by 5.6% at constant forex(1)
• Wholesale sales +9.3% at constant forex(1)
- Solid North America (+9.4% in US$) and Continental
Europe (+9.2%(1))
- Challenging Mediterranean Europe (-13%(1))
- Very strong emerging markets (+19%(1))
• Retail comps(2) +3.7%
- Sound trading environment in North America, with the
exception of three weeks in February
- Australia enjoying double-digit comps in both optical
and sun
› Group operating income up by 8%
› Net debt/EBITDA(3):1.3x
• €138 million invested in acquisitions
For additional disclosures regarding information in this presentation, please see “Notes to the presentation” in the Appendix
3
4. 1Q 2013 GROUP SALES: CONTINUED GROWTH ACROSS GEOGRAPHIES
North America
+4%
US$
Europe
+3%(1)
Emerging markets
+17%(1)
1Q 2013 results 4
Continental
+8%(1)
Mediterranean
-10%(1)
Eastern
+21%(1)
For additional disclosures regarding information in this presentation, please see “Notes to the presentation” in the Appendix
5. 1Q 2013 HEALTHY SALES GROWTH
1Q 2013 results
Wholesale at constant forex(1)
+9.3%
Retail comps(2)
+3.7%
At constant forex(1)
+5.6%
+4.2%
5
For additional disclosures regarding information in this presentation, please see “Notes to the presentation” in the Appendix
6. OPERATING INCOME
Continued improvement in line with expectations
1Q 2013 results 6
255
275
1Q 2012* 1Q 2013
Group (€ mn)
14.3%
14.7%
173
188
1Q 2012 1Q 2013
Wholesale (€ mn)
23.8%
24.1%
132
1Q 2012* 1Q 2013
Retail (€ mn)
125
11.8%
12.2%
For additional disclosures regarding information in this presentation, please see “Notes to the presentation” in the Appendix
+60bps
@ c. fx.(1)
+50bps
@ c. fx.(1)
+50bps
@ c. fx.(1)
*Adjusted 1Q 2012 operating income(3)(4)
*Adjusted 1Q 2012 operating income(3)(4)
7. NET INCOME
On track to full year target
1Q 2013 results
45
1Q 2012* 1Q 2013
EPS (US$ cents)
41
31
34
1Q 2012* 1Q 2013
EPS (€ cents)
7
144
159
1Q 2012* 1Q 2013
Net income (€ mn)
8.5%
8.1%
For additional disclosures regarding information in this presentation, please see “Notes to the presentation” in the Appendix
+10.5%
*Adjusted 1Q 2012 net income(3)(4)
*Adjusted 1Q 2012 net income(3)(4)
*Adjusted 1Q 2012 net income(3)(4)
+8.7%
+9.5%
8. DEBT OVERVIEW
1Q 2013 results
Net debt/EBITDA(3) (@ c.fx(1)) from 1.2x* to 1.3x,
after:
• €138 million invested in acquisitions
Capex increased from €61 million to €69 million
• YoY timing of royalty payments: approx. €50
million unfavorable effect
• Inventory yet to show its expected recovery
Δ days
• DSO -2
• DSI +8 (+5 excl. Alain Mikli effect) due to
inventory build up for SAP and Armani launch
• DPO +1
1,662
1,816
FY 2012 1Q 2013
Net debt(3) (€ mn)
-245
Operating working capital (€ mn)
-225
36
4
1Q 2012 1Q 2013
Free cash flow(1) (€ mn)
8
1Q 2012 1Q 2013
For additional disclosures regarding information in this presentation, please see “Notes to the presentation” in the Appendix
*Adjusted FY 2012 EBITDA(4)
9. 1Q 2013 REVENUE ROADMAP BY GEOGRAPHY
1Q 2013 results
+15
-18%
+18%
+9%
1Q 2012 1Q 2013 2013E
+10-15%
North America
Wholesale(1)Retail(2)
Western Europe Emerging markets
+6%
1Q 2012 1Q 2013 2013E
+4-7%
flat
+19% +19%
1Q 2012 1Q 2013 2013E
+20-30%
+6%
+3%
1Q 2012 1Q 2013 2013E
+4-5%
+14%
+10%
1Q 2012 1Q 2013 2013E
+10-15%
2012 includes Tecnol
OPSM AustraliaNorth America Emerging markets
+9%
+10%
1Q 2012 1Q 2013 2013E
+6-8%
9
For additional disclosures regarding information in this presentation, please see “Notes to the presentation” in the Appendix
10. 1Q 2013 results
1Q 2013 NORTH AMERICA
Building solid trading pattern entering into 2Q
› Another quarter of robust growth on top of +18%
last year, wholesale sales +9.4% in US$
• Gaining market share
• Further increase in demand for premium & luxury;
Oakley and Ray-Ban continue very positive momentum
› Solid retail environment despite slower store
traffic in February
• LensCrafters celebrating its 30th anniversary with
+3.6% comps(2), improved performance in March and
April
• Another encouraging start to the year at Sunglass Hut:
+5.5% comps(2) on the back of +10% over the past
three years
- Particularly strong sales over holiday
weekends
10
11. 1Q 2013 results
1Q 2013 EUROPE
Dual speed performance
› Continental Europe +8%(1)
• Double-digit wholesale sales growth in France,
Germany & Nordics and high single-digit growth in
UK
• Continuous success of our prescription frames
› Mediterranean Europe -10%(1)
• Challenging environment
• Resilient sales in Italy; Spain turned out negative but
March and April show improvement
• Greece and Portugal still negative, but Greece
improving
› Eastern Europe, the growth engine, +21%
• Growth in Russia in high-teens
11
12. 1Q 2013 results
1Q 2013 EMERGING MARKETS
Another quarter of strong growth for the rising wave
› The growth enhancers: Brazil (+30%(1)),
Turkey (+25%(1)) and China (+20%(1))
• Reaping the benefit of Tecnol integration
- Strong sales from Vogue Brazilian
collection
- Boosting local collection for Ray-Ban, in
stores starting in June
› Optical retail building momentum
• LensCrafters: solid performance in China
› Sunglass Hut experiencing exceptional
performance in Brazil and South Africa
• Added approx. 60 stores in Latin America
12
13. 1Q 2013 results
RELENTLESS OPTICAL EXPANSION
Fueling resilient growth
› Confirming double-digit pace
• Europe and emerging markets leading the way
• China, India, Southeast Asia and Brazil fueled
by locally designed collections
› All brands supported by growing
investments in advertising and dedicated
PR efforts
• Ray-Ban, the most renowned optical brand
• Oakley, further building the optical category
• Prada Journal, the new optical capsule
collection
› Atelier, the edgy side of prescription
• Boosting the “arts&crafts” in eyewear
13
14. 1Q 2013 results
› Giorgio Armani global launch, a reality
• Rich collection architecture: 4 segments, 37 styles
- Classic style and timeless elegance, artisan
craftsmanship and sophisticated details
• Reached 3,000 premium wholesale locations in
March: remarkable reception of first capsule
collection
› Emporio Armani just arrived in stores
• 35 styles mixing innovative materials and
contrasting colors
› A/X roll-out on the way: exclusive for North
America
ARMANI LAUNCH
Strong orders for the new collections
On track to post strong sales
14
15. 1Q 2013 results
GETTING READY FOR PEAK SUN SEASON
› Wholesale trending well, Armani on top
• Managing nervousness in Mediterranean Europe,
expecting softness throughout the year in Iberia
• North America, strong momentum continues, solid
performance ahead
• Emerging markets, sparkling performance
› Retail building momentum
• Surfing the sun season @ Sunglass Hut with “Find
Your Cool” campaign and more consumers
engaging in store activities
• Planned store openings to benefit from all-year
sun-seeking tourists
15
Strong momentum across the board
16. 16
OneSight is a public nonprofit organization providing sustainable access to quality
vision care and eyewear in underserved communities worldwide. Since 1988,
OneSight has engaged thousands of skilled volunteers across Luxottica and other
industry partners to hand-deliver the gift of sight to 8.4 million people in 40 countries.
1Q 2013 RESULTS
Vision care programs
OneSight helped 25,793 people through 15 vision clinics and community outreach
programs in Thailand, India, Mexico, Australia and North America.
Research foundation
OneSight awarded $150,000 to support two studies on diabetic retinopathy.
Sustainable development initiatives
OneSight engaged a volunteer team of 30 specialists in optometry, operations,
product, marketing, training and manufacturing to prepare for the April 2013 launch
of a new community-based program to provide sustainable access to affordable,
quality vision care in The Gambia where they have 1 optometrist to serve 1.8 million
people. The goal is to pilot, refine and replicate this model in The Gambia and
throughout Africa, India and beyond.
54-year-old Vised Buntone could not afford an
eye exam. He purchased a pair of readers
from the local market, but they did little to help.
He told OneSight volunteers he would often
stay indoors because he could not see.
Doctors discovered that Vised was extremely
nearsighted and they were able to give him
glasses that corrected his vision.
Vised told volunteers he now looked forward to
seeing his grandchildren and being outdoors
saying, “When I can see the light, it makes me
feel refreshed.”
- 2013 Thailand OneSight Vision Clinic
18. 1Q 2013 results
NOTES ON THE PRESENTATION
› 1 Figures at constant exchange rates are calculated
using the average exchange rates in effect during the
corresponding period of the previous year. Please refer
to the “Major currencies” table in the press release
titled “Luxottica continues solid growth in first quarter of
2013” dated April 29, 2013 available at
www.luxottica.com website under the Investors tab.
› 2 Comparable store sales reflect the change in sales
from one period to another that, for comparison
purposes, includes in the calculation only stores open
in the more recent period that also were open during
the comparable prior period, and applies to both
periods the average exchange rate for the prior period
and the same geographic area. Commencing 2Q12,
retail comparable store sales exclude Pearle Vision
results which are separately reported. See “retail
comparable store sales” included in this appendix.
› 3 Net debt/EBITDA, net debt/adjusted EBITDA, net
debt, EBITDA, adjusted EBITDA, adjusted operating
income, adjusted operating margin, adjusted net
income, adjusted earnings per share and free cash
flow are not measures in accordance with IAS/IFRS.
For additional disclosure see the press release titled
“Luxottica continues solid growth in first quarter of
2013” dated April 29, 2013 available at
www.luxottica.com website under the Investors tab.
› 4 Excluding non recurring items
› 5 Equals interest income minus interest expenses
› 6 Equals extraordinary income minus extraordinary
expenses
› 7 Net debt figures are calculated using the average
exchange rates used to calculate EBITDA figures
18
19. SALES BREAKDOWN
1Q 2013 results
37%
26%
25%
12%
RoW Western Europe
North America
Emerging
markets
Wholesale sales: +9.3%(1)
(Sales breakdown by region, 1Q 2013)(1)
YoY changes by region, 1Q 2013(1)
WHOLESALE SALES BREAKDOWN FOR 1Q 2013
Western Europe +0%
North America +9%
Emerging markets +19%
RoW +25%
Optical North America
• LensCrafters +3.6%
• Licensed Brands -6.3%
Optical Australia/New Zealand +8.1%
Sunglass Hut worldwide +6.6%
Group retail +3.7%
RETAIL COMPARABLE STORE SALES(2) FOR 1Q 2013
19