Luxottica reported a nice acceleration in growth in Q4, mitigating the slowdown experienced in the first nine months. Sales were up 5.2% at CER (+6.3% reported) to €2,142m in Q4. The revamping of directly operated stores is bearing fruit and pushed the retail network to outperform and grow by 8.9% at CER to €1,384m, while wholesale slumped by 0.9%. The company experienced favourable market momentum in Europe and the Americas, although other regions remained depressed. Full-year sale
02 Mar 2017
A promising acceleration in Q4
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A promising acceleration in Q4
Luxottica Group (LUX:BIT) | 0 0 1.7% | Mkt Cap: 24,484m
- Published:
02 Mar 2017 -
Author:
Rim BEN SALAH -
Pages:
2
Luxottica reported a nice acceleration in growth in Q4, mitigating the slowdown experienced in the first nine months. Sales were up 5.2% at CER (+6.3% reported) to €2,142m in Q4. The revamping of directly operated stores is bearing fruit and pushed the retail network to outperform and grow by 8.9% at CER to €1,384m, while wholesale slumped by 0.9%. The company experienced favourable market momentum in Europe and the Americas, although other regions remained depressed. Full-year sale