Luxottica, the world’s biggest eyewear group which is majority owned by the Del Vecchio family, announced record second-quarter results, buoyed by strong global demand for luxury brands.
Luxottica, the world’s biggest eyewear group which is majority owned by the Del Vecchio family, announced record second-quarter results, buoyed by strong global demand for luxury brands.
The Milan-based company said on 25 July that its sales for the second quarter rose by almost 2.5% to €1.63 billion, up from €1.59 billion for the same period in 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.
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.
