Decent quarterly results for Luxottica | RetailDetail

Decent quarterly results for Luxottica

Decent quarterly results for Luxottica

Italian glasses manufacturer Luxottica has performed well in its first quarter of 2015. The company, which owns brands like Ray-Ban and Oakley, had increases sales, mainly thanks to the United States.

Michael Kors glasses launched

Turnover grew an astonishing 20 % to 2.21 billion euro in its first quarter, mainly thanks to the weak euro compared to the dollar: excluding exchange rate fluctuations, turnover grew 5.3 %. More than half of Luxottica's turnover comes from North America, which now has a beneficial effect on its turnover. Not only did its turnover grow, its net profit also grew a lot, up 34 % to 210 million euro.

 

North American turnover grew 29 %, mainly thanks to the launch of a new collection of sunglasses from the well-known fashion brand Michael Kors.

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