Annual Review 2012 - Luxottica

66 ANNUAL REview 2012
Net sales in 2012 exceeded Euro 7 billion, the highest net sales results recorded in
Luxottica’s history: Euro 7,086 million (+13.9% at current exchange rates; +7.5% at constant
exchange rates 3 ) as compared with the previous record in 2011 of Euro 6,222 billion).
(millions of Euro) FY 2012 FY 2011 Change
Net sales 7,086 6,222 +13.9% +7.5% at constant
exchange rates 3
Operating income 982 807 +21.7%
Operating income (adjusted) 2 1,004 821 +22.3%
Net income, Group 542 452 +19.8%
Net income, Group (adjusted) 2 567 456 +24.4%
Earnings per share (Euro) 1.17 0.98 +18.7%
Adjusted (Euro) 2 1.22 0.99 +23.3%
Adjusted (USD) 2 1.57 1.38 +13.8%
The current year’s operating performance once again confirmed the success of Luxottica’s
commitment to increase profitability. More specifically, adjusted EBITDA 2 for 2012 grew
significantly (+19.9% compared to 2011) totaling Euro 1,362 million. In 2012, Group’s
adjusted EBITDA 2 margin increased from 18.3% recorded in 2011 to 19.2%.
net sales
Adjusted ebitda
and operating income
› WHOLESALE
› RETAIL
› ADJUSTED EBITDA 2 › MARGIN
› ADJUSTED OPERATING INCOME 2 › MARGIN
8,000
6,000
(Eur m)
6,222
2,456
7,086
2,773
1,500
1,000
(Eur m)
18.3%
13.2%
19.2%
14.2%
(%)
20
18
16
14
12
4,000
2,000
3,766
4,313
500
1,136
821
1,362
1,004
10
8
6
4
2
0
2011 2012
0
2011 2012
0
See p. 77 for footnote disclosure and information regarding Luxottica’s non-IAS/IFRS reconciliations.