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4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Luxottica Group    LUX   IT0001479374

LUXOTTICA GROUP (LUX)
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Luxottica : buys Japanese titanium and gold spectacles maker

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03/06/2018 | 08:37am CEST
FILE PHOTO: The Luxottica's headquaters is seen in downtown Milan

MILAN (Reuters) - Italian eyewear group Luxottica said on Tuesday it had acquired a 67 percent stake in Fukui Megane, a family-owned Japanese manufacturer specialising in the production of titanium and solid gold spectacles.

The acquisition, for which Luxottica did not disclose a value, allows the world's biggest eyewear group to gain a foothold in the Fukui eyewear district, near Kyoto, famous for its artisan skills with precious metals such as titanium.

Executive Chairman Leonardo Del Vecchio said Luxottica would invest further to create a production centre in the area.

(Reporting by Valentina Za, editing by Steve Scherer)

Stocks mentioned in the article
ChangeLast1st jan.
GOLD 0.19% 1269.8 Delayed Quote.-2.12%
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Financials (€)
Sales 2018 8 928 M
EBIT 2018 1 397 M
Net income 2018 959 M
Debt 2018 379 M
Yield 2018 1,84%
P/E ratio 2018 27,67
P/E ratio 2019 25,32
EV / Sales 2018 3,02x
EV / Sales 2019 2,82x
Capitalization 26 583 M
Chart LUXOTTICA GROUP
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Luxottica Group Technical Analysis Chart | LUX | IT0001479374 | 4-Traders
Technical analysis trends LUXOTTICA GROUP
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 17
Average target price 54,0 €
Spread / Average Target -0,77%
EPS Revisions
Managers
NameTitle
Francesco Milleri Deputy Chairman & Chief Executive Officer
Leonardo del Vecchio Executive Chairman
Giorgio Striano Chief Operating Officer
Stefano Grassi Chief Financial Officer & Director
Luigi Francavilla Vice Chairman
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