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October 26, 2010

Luxottica, the world's biggest eyewear group which is 70% owned by the Del Vecchio family, recorded a 34.5% year-on-year rise in net profits to €101.9 million in the third quarter.

Luxottica, the world's biggest eyewear group which is 70% owned by the Del Vecchio family, recorded a 34.5% year-on-year rise in net profits to €101.9 million in the third quarter.
 
The rise is on top of the 30% rise in net profits in the second quarter of 2010.
 
In a statement the Milan-based company said it is targeting net profit of €400 million in 2010, 27% higher than in 2009.
 
Net sales rose 19.7% in the third quarter to €1.46 billion.
 

July 27, 2010

Leonardo Del Vecchio might be expected to take that extra special summer holiday after his company announced better-than-expected second quarter results.

Leonardo Del Vecchio might be expected to take that extra special summer holiday after his company announced better-than-expected second quarter results.

Luxottica, the world's biggest eyewear group and 70% owned by Del Vecchio (pictured), recorded a 30% year-on-year rise in net profits in the second quarter of the year to €150 million. Analysts were expecting profits of  €145 million.
 

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