Financial data

Results

Income statement for the 1H 2018 and 1H 2017

KEY FIGURES IN THOUSANDS OF EURO (1)2018% OF SALES2017
restated
(2)
% OF SALES
NET SALES 4,552,547 100.0% 4,931,632 100.0%
COST OF SALES (1,617,514)   (1,716,197)  
GROSS PROFIT 2,935,032 64.5% 3,215,435 65.2%
OPERATING EXPENSES:        
SELLING EXPENSES (1,441,661)   (1,548,836)  
ROYALTIES (81,222)   (89,126)  
ADVERTISING EXPENSES (240,332)   (266,411)  
GENERAL AND ADMINISTRATIVE EXPENSES (409,132)   (442,523)  
TOTAL (2,172,346)   (2,346,897)  
OPERATING INCOME 762,686 16.8% 868,538 17.6%
OTHER INCOME (EXPENSE):        
INTEREST INCOME 8,944   8,458  
INTEREST EXPENSES (34,160)   (70,746)  
OTHER - NET (2,635)   45,524  
OTHER INCOME (EXPENSES)-NET (27,850)   (16,763)  
INCOME BEFORE PROVISION FOR INCOME TAXES 734,836 16.1% 851,775 17.3%
PROVISION FOR INCOME TAXES (203,908)   (288,275)  
NET INCOME 530,928 11.7% 563,500 11.4%
OF WHICH ATTRIBUTABLE TO:        
- LUXOTTICA GROUP STOCKHOLDERS 530,191 11.6% 562,041 11.4%
- NON-CONTROLLING INTERESTS 738 0.0% 1,459 0.0%
NET INCOME 530,928 11.7% 563,500 11.4%
BASIC EARNINGS PER SHARE (ADS):  1.11    1.18  
FULLY DILUTED EARNINGS PER SHARE (ADS):  1.11    1.18  
WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES  478,844,569    477,671,101  
FULLY DILUTED AVERAGE NUMBER OF SHARES    478,911,077    478,130,884  


1, 2 For additional disclosures, please see the press release

Cash flow

 Jun 30, 2018
Adj. EBITDA(1) 1,032.4
Δ working capital (312.5)
Capex (241.5)
Operating cash flow 478.3
Free cash flow 399.9

(1) For additional disclosures, please see the press release

Debt overview

Millions of EuroJun 30, 2017Jun 30, 2018YoY change
Net debt(3) (1,113) (899) 214
Net debt/adj. EBITDA (3) (4) 0.6x 0.5x
Net debt/adj. EBITDA excluding exchange rate effect (3) (4) (5) 0.5x 0.5x
Total operating working capital days(4) 141 129 (12)

(3) (4) (5) For additional disclosures, please see the presentation

Last updated: Jul 23 2018