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

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

BURBERRY GROUP (BRBY)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

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; [email protected]

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
Stocks mentioned in the article
ChangeLast1st jan.
BURBERRY GROUP 1.20% 1735 Delayed Quote.-3.18%
COACH INC -0.66% 40.68 End-of-day quote.16.16%
LUXOTTICA GROUP 0.77% 52.54 End-of-day quote.1.94%
PRADA S.P.A. -2.02% 38.75 End-of-day quote.36.93%
TIFFANY & CO. 0.83% 98.84 Delayed Quote.-4.92%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BURBERRY GROUP
04/20BURBERRY : appoints Gavin Haig as Chief Commercial Officer
PU
04/20FARFETCH LAUNCHES TECHNOLOGY ACCELER : Dream Assembly
PU
04/19BURBERRY : Professor Sharon Baurley appointed Chair of the Burberry Material Fut..
PU
04/13British fashion house Burberry appoints new chairman
RE
04/13British fashion house Burberry appoints new chairman
RE
04/13British fashion house Burberry appoints new chairman
RE
04/13BURBERRY : appoints Dr. Gerry Murphy as Chairman designate
PU
04/10LVMH buoys luxury sector as Chinese demand propels sales
RE
03/31BURBERRY GROUP : Monthly statement on outstanding equity shares and voting right..
CO
03/02BURBERRY : Enlists Italian Designer -- WSJ
DJ
More news
News from SeekingAlpha
04/15Livermore Partners Report Q1 2018 
04/13Burberry to name new chairman 
03/28Goldman Sachs positive on Burberry 
03/08How To Track Down The Strongest Company Moats This ISA Season 
03/05Bear market for supermodels? 
Financials ( GBP)
Sales 2018 2 749 M
EBIT 2018 453 M
Net income 2018 276 M
Finance 2018 726 M
Yield 2018 2,34%
P/E ratio 2018 25,57
P/E ratio 2019 23,35
EV / Sales 2018 2,38x
EV / Sales 2019 2,43x
Capitalization 7 279 M
Chart BURBERRY GROUP
Duration : Period :
Burberry Group Technical Analysis Chart | BRBY | GB0031743007 | 4-Traders
Technical analysis trends BURBERRY GROUP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 17,8  GBP
Spread / Average Target 3,7%
EPS Revisions
Managers
NameTitle
Marco Gobbetti Chief Executive Officer & Director
John Wilfred Peace Chairman
Julie Brown Director, Chief Operating & Financial Officer
Fumbi Chima Chief Information Officer
Ian Russell Carter Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BURBERRY GROUP-3.18%10 246
INDITEX - INDUSTRIA DE DISEÑO TEXTIL-15.68%95 958
KERING9.67%67 724
FAST RETAILING CO LTD4.23%46 398
ROSS STORES-3.65%29 870
ZALANDO-1.53%13 329