Q3 sales grew by 15.4% as reported and +5.5% at CER (respectively +19.7% and +6.4% for the first nine months). Adjusted operating profit grew by 18.6% (vs +31.4% in Q2). Wholesale net sales were +10.1% (+6.8% at CER) and retail sales +18.8% (+4.7% at CER). Debt-to-adjusted EBITDA amounts to 0.6x despite high capex.
28 Oct 2015
A bit disappointing
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A bit disappointing
Luxottica Group (LUX:BIT) | 0 0 1.7% | Mkt Cap: 24,484m
- Published:
28 Oct 2015 -
Author:
Armelle Moulin -
Pages:
2
Q3 sales grew by 15.4% as reported and +5.5% at CER (respectively +19.7% and +6.4% for the first nine months). Adjusted operating profit grew by 18.6% (vs +31.4% in Q2). Wholesale net sales were +10.1% (+6.8% at CER) and retail sales +18.8% (+4.7% at CER). Debt-to-adjusted EBITDA amounts to 0.6x despite high capex.