Better performance in key markets lead Luxottica's sales up 34.3%
01 Feb '06
1 min read
Global leader in the eyewear sector, Luxottica Group S.p.A announced consolidated US GAAP results for the three-month period and fiscal year ended December 31, 2005.
Andrea Guerra, Chief Executive Officer of Luxottica Group, commented: "Fiscal year 2005 was an exceptional year for their Group, during which they enjoyed strong growth from both wholesale and retail operations, with sales for the year growing by 19.7 percent and 40.5 percent, respectively.
In wholesale in particular, throughout the entire year they enjoyed significant additional growth in profitability thanks also to improved penetration in key markets.
Luxottica Group is a global leader in eyewear, with nearly 5,500 optical and sun retail stores mainly in North America, Asia-Pacific and China and a well-balanced portfolio that comprises leading premium house and licensed brands, including Ray-Ban, the best selling sun and prescription eyewear brand in the world.
Among others, the Group's brand portfolio includes house brands Vogue, Persol, Arnette and REVO and license brands Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Prada and Versace.
Luxottica Group's global wholesale network touches 120 countries, with a direct presence in the key 28 eyewear markets worldwide.