Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Burberry Group plc    BRBY   GB0031743007

Delayed Quote. Delayed  - 08/24 05:35:00 pm
1353 GBp   -1.17%
08/22 BURBERRY : Fashion Needs a More Robust Approach to Technology Educat..
08/16 BURBERRY : reveals elements from its first straight-to-consumer coll..
08/16 BURBERRY : Reveals Fall Campaign and Plans for First Consumer-Facing..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Luxottica Posts Rise In Profit On Healthy Sales Growth

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/07/2012 | 06:22pm CEST

-- First-quarter net profit rises 14% to record EUR131 million

-- Sales in key emerging markets rose 36% in latest three months

-- Company says it views rest of year "with optimism"

(Adds detail and background throughout.)

By Christopher Emsden

Of DOW JONES NEWSWIREs

Luxottica SpA (LUX) said Monday its net profit rose by 14% in the first quarter as the eyewear giant posted strong revenue trends around the globe and a 36% sales increase in key emerging markets.

Luxottica said it had record net profit of EUR131 million in the first three months of the year, compared to EUR115 million in the same period last year.

That figure includes a EUR15 million non-recurring charge related to reorganizing Luxottica's OPSM business in Australia. Factoring that out, adjusted net profit rose 27% to EUR146 million, the company said.

Analysts had an average forecast of EUR143 million in adjusted net profit.

Luxottica said its adjusted earnings before interest, taxes, depreciation and amortization rose 22% to EUR346 million as group net sales rose 14.9% to EUR1.788 billion.

Apart from sky rocketing sales in emerging markets, Luxottica posted an 8.5% gain in first-quarter North American sales, driven by strong wholesale trends buoyed by the launch of the new Coach Inc. (>> Coach, Inc.) brand.

Sales by Luxottica's retail channel, including U.S.-based Sunglass Hut, rose by 16% to EUR1.06 billion, with a third of the gain reflecting currency effects when translated into the euro, according to the company.

At constant exchange rates, Luxottica's net sales rose 11.1% on the year, much faster than the 6% to 7% annual revenue gains luxury-goods makers should expect in 2012 according to a report released Monday in Milan by Altagamma, a trade group.

Sales in Western Europe rose a more modest 6%. Both Ray-Ban and Oakley, proprietary brands, posted double-digit sales gains, while licensed luxury brands such as Burberry Plc (>> Burberry Group plc), Tiffany & Co. (TIF) and Prada SpA (1913.HK) had "solid results," Luxottica Chief Executive Andrea Guerra said.

The OPSM network posted a 9% gain in comparable store sales, signaling a turnaround of that business area.

"We look towards the rest of the year with optimism" despite the difficult environment in southern Europe, Guerra added.

Luxottica has been expanding in Latin America, notably with recent acquisitions of transnational retailer GMO and Brazil's Tecnol, which together contributed EUR40 million in sales during the first period.

Company Web site: http://www.luxottica.com

-By Christopher Emsden, Dow Jones Newswires; +39 06 6976 6920; chris.emsden@dowjones.com

Order free Annual Report for Coach, Inc.

Visit http://djnweurope.ar.wilink.com/?ticker=US1897541041 or call +44 (0)208 391 6028

Order free Annual Report for Luxottica Group SpA

Visit http://djnweurope.ar.wilink.com/?ticker=US55068R2022 or call +44 (0)208 391 6028

Order free Annual Report for Tiffany & Co.

Visit http://djnweurope.ar.wilink.com/?ticker=US8865471085 or call +44 (0)208 391 6028

Stocks mentioned in the article : Burberry Group plc, Coach, Inc., Burberry Group plc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BURBERRY GROUP PLC
08/23 BURBERRY : Swiss watch exports to UK rise as tourists make most of fall in sterl..
08/22 BURBERRY : Fashion Needs a More Robust Approach to Technology Education
08/16 BURBERRY : reveals elements from its first straight-to-consumer collection to be..
08/16 BURBERRY : Reveals Fall Campaign and Plans for First Consumer-Facing Show
08/16 BURBERRY : Oak Park and River Forest police reports Aug. 10-16
08/16 BURBERRY : Check it out
08/15 Private View
08/09DJCoach Reports Sales Growth
08/05 BURBERRY : Wholly Acquires China Retailing Service
08/05 Hugo Boss to close more stores as cost cuts bear fruit
More news
Sector news : Apparel & Accessories Retailers - NEC
08/22DJL BRANDS : Tyra Banks to Teach Stanford M.B.A. Class
08/19DJEsté e Lauder Offers Downbeat View
08/18DJGAP : Cuts Year View as Quarterly Sales Fall
08/18DJGAP : Cuts Year View as Quarterly Sales Fall -- Update
08/18DJRoss Stores Boosts Earnings Guidance
More sector news : Apparel & Accessories Retailers - NEC
News from SeekingAlpha
08/18 BURBERRY : The Rally Has Legs To Continue
07/20 Burberry details buyback plans
07/19 Understanding 'Crisis' And Opportunity - With 3 Choices In The 'Auld Sod'
07/13 Burberry Group (BURBY) Q1 2017 Trading Update Call (Transcript)
07/13 Burberry lower after sales warning
Advertisement
Financials ( GBP)
Sales 2017 2 670 M
EBIT 2017 408 M
Net income 2017 292 M
Finance 2017 445 M
Yield 2017 2,71%
P/E ratio 2017 20,97
P/E ratio 2018 18,93
EV / Sales 2017 2,11x
EV / Sales 2018 2,02x
Capitalization 6 076 M
More Financials
Chart BURBERRY GROUP PLC
Duration : Period :
Burberry Group plc Technical Analysis Chart | BRBY | GB0031743007 | 4-Traders
Full-screen chart
Technical analysis trends BURBERRY GROUP PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 30
Average target price 13,1  GBP
Spread / Average Target -4,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Marco Gobbetti Chief Executive Officer
Christopher Bailey President & Chief Creative Officer
John Wilfred Peace Chairman
John Barry Smith Chief Operating Officer & Executive Director
Carol Fairweather Chief Financial Officer & Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BURBERRY GROUP PLC13.89%8 006
INDITEX SA-1.03%112 430
FAST RETAILING CO LTD-12.90%38 647
ROSS STORES, INC.19.49%25 688
L BRANDS INC-18.82%22 365
NEXT PLC-25.24%10 763
More Results