Luxottica Q2 margin 18.4 percent

REPORT_ For the second quarter of 2013 Luxottica’s operating margin was 18.4 percent

compared to 17.5 percent in the second quarter of 2012. During the first six months of the year, adjusted operating income was up by 10.4 percent compared to the same period of 2012. The group’s adjusted operating margin rose from 15.9 percent during this period in 2012 to 16.6 percent in the first half of 2013.

The retail division’s operating income for the second quarter of 2013 rose 6 percent compared to the same period of 2012. Operating margin for the retail division increased from 15.5 percent in the second quarter of 2012 to 15.8 percent in the second quarter of 2013. The retail division’s adjusted operating income for the first half of the year showed an increase of 6.1 percent compared to the first half of 2012. The retail division’s adjusted operating margin increased from 13.6 percent in the first half of 2012 to 14 percent in the first half of 2013.

In the second quarter of 2013, Luxottica achieved positive results in all of its primary geographic markets. Europe performed very well in the quarter: Mediterranean markets returned to providing a positive performance and yielding excellent growth. Markets in Continental Europe also achieved double-digit growth. Brazil, China, India and South-East Asia reported the strongest results during the quarter. North America achieved an increase in net sales in dollars of 5 percent.

Luxottica is based in Italy. It designs, manufactures, distributes and sells fashion, luxury and sports eyewear. “We are proud to announce a record second quarter and we once again achieved excellent results, ” said Andrea Guerra, Luxottica’s Chief Executive Officer. “This year, we have arrived at the half-way point very satisfied. Our team is working with determination and passion.”