Luxottica Group S.p.a. SEC Form 6-K Filed April 28, 2017: Report of foreign private issuer pursuant ... Last Updated February 3, 2020 at 10:35 AM EST. COMMISSION FILE NO. Over 85% of our employees are share-holders of Fielmann. 4 Annual Report 2017 ContCoe The share price development is a reflection of the trust shown to us by our investors. Comparable store sales(3), negative in the period, were the result of a series of commercial decisions aimed at enhancing brand equity and sharply reducing discounts and promotional periods across the Groups retail network. In 2016, it was reported that Luxottica had lost its third chief executive in a year and a half as Adil Mehboob-Khan stepped down a year after he replaced Cavatorta. REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 . Luxottica is home to Sunglass Hut, the largest retailer of premium sunglasses in North America, Latin America, Asia-Pacific, South Africa, Europe and the Middle East. In Australia, positive results were driven primarily by OPSMs excellent performance stemming from new assortment policies introduced in 2016 along with the ability to attract consumers through the quality of in-store eye-exams. Luxotticas first quarter revenues were up 5.2% as a result of the Groups strong performance in Europe and Latin America, a favorable foreign exchange rate environment and the excellent performance of the Ray-Ban brand which confirmed its vitality driven by the success of its latest collections and new Ray-Ban stores in China and United States. Previous reports on Corporate Governance are included in Financial Statements available on the Investors section. The stockholders at the General Meeting also voted in favor of the Groups Remuneration Policy. Annual Financial Report 2015 X This website or third-party tools used by the site itself use the cookies necessary for operation and useful for the objectives illustrated in the cookie policy, including the possibility of sending you advertisements according to your interests. The regions strong growth was driven by Italy, Germany, Portugal and Eastern Europe, but was also supported by contributions from other countries. In North America, the Groups sales up 1.1% (-2.5% at constant exchange rates(2)) continue to be affected by initiatives aimed at improving the quality of sales and distribution across all channels. In the first three months of 2017, the Group continued to strengthen its business model and invest in the following strategic priorities: organizational simplification; brand equity and sales quality; innovation; the development of central laboratories for the production of ophthalmic lenses in Europe, North America and China (which are completely integrated in terms of logistics and production infrastructure); digitization; and further evolving the Groups global distribution platform. The audio webcast will be available to the financial community and the media from Luxottica Groups corporate website at http://www.luxottica.com/en/investors/results-and-presentations/webcasts. The dividend amount in US dollars will be determined based on the /US$ exchange rate as of May 24, 2017. 1. It may REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 . Luxottica Group S.p.A. And thanks to our global founding sponsor, Luxottica, our annual support costs are covered. Additional information on the Group is available at www.luxottica.com. All Rights Reserved. Figures at constant exchange rates are calculated using the average exchange rate of the respective comparative period. No. The company also provides frames. 333,263,139 votes in favour, equal to 83.57% of the votes represented at the Stockholders Meeting and to 68.79% of the Companys issued share capital; No. (1) Adjusted. Luxottica also announces today the publication on the corporate website Luxottica.com of the new section Sustainability - To see the beauty of life that describes the Groups sustainability vision founded on four pillars: Commitment to excellence, Visual well-being, Social equity and Protecting environment. LUXOTTICA GROUP S.p.A. Piazzale Cadorna 3, MILAN, 20123 ITALY (Address of principal executive office) LUXOTTICA GROUP S.p.A. Piazzale Cadorna 3, MILAN, 20123 ITALY (Address of principal executive office) Non-Government Works Copyright © 2001-2021 Think Computer Corporation. Annual Report 2018. In Mainland China, the deep restructuring of its distribution platform impacted Wholesale division results, while Retail grew due to the very strong performance of the optical business driven by the success of over 50 Ray-Ban stores. (adsbygoogle = window.adsbygoogle || []).push({}); REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934, Piazzale Cadorna 3, MILAN, 20123 ITALY (Address of principal executive office), Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F o, Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o, Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o, Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. All Rights Reserved. To get access to the full reports, click the button above! B. Luxottica has filed or submitted all reports required under Section 13(a) and Section 15(d) of the Exchange Act and the corresponding Commission rules for the 12 months preceding the filing of this Form 15F. Brand doesn't have an official ecommerce. 1 - 10421 . March 27, 2017 . The Company has … Consult the Luxottica Annual Report and Publication archive, with information about our financial perfomance since 2003. 64,989,772 votes against, equal to 16.30% of the votes represented at the Stockholders Meeting and to 13.42% of the Companys issued share capital; No. Imp. Milano n. 00891030272 -Partita IVA 24 Jul 2017: Consolidated results for the six-month period ended June 30, 2017: Financial - Board of Directors : Milan 28 Apr 2017: Consolidated net sales for the three-month period ended March 31, 2017: Financial - Board of Directors : Milan 01 Mar 2017 Luxottica Group S.p.A. Financial Report. Net sales for the first quarter of 2017 in EUR and USD, Average exchange rate (in USD per EUR): 1.0648 (2017); 1.1020 (2016), Net sales change at current exchange rates. The growth of the Groups e-commerce platforms, equal to 6%(2), was affected by the drop in promotional activities at Oakley.com and SunglassHut.com in the quarter. K&L Eyewear ecommerce. Luxottica operates also one of the fastest grow-ing managed vision care networks in the United States through EyeMed. (1) Comparisons, including percentage changes, are between the three-month periods ended March 31, 2017 and 2016. Income Statement Trend. Efforts to improve execution at LensCrafters and the curtailing of promotional activities affected sales, in particular at Sunglass Hut and Oakley, and impacted overall retail results in the quarter (+1.3% at current exchange rates, -2.3% at constant exchange rates(2)). Discover Luxottica's financial highlights. Luxottica cautions investors that any forward-looking statements made by Luxottica are not guarantees of future performance. Retail divisions net sales up 7.1% to Euro 1,426 million (+3.3% at constant exchange rates(2)). We close the first quarter of the year with results we consider to be particularly positive as the distribution approach focused on quality sales growth has led to an increase in revenues in line with expectations and an improvement in margins, commented Leonardo Del Vecchio, Executive Chairman and Massimo Vian, CEO for Product and Operations of Luxottica. Latin Americas growth trend from the last two years continued and sales increased by 17.6% (+5.5% at constant exchange rates(2)) in the first quarter of 2017. Get Access Now. The French version of this Registration Document was filed with the . The Annual Shareholders’ Meeting is an important opportunity to share information on the Company’s performance, explore and discuss future projects. The Wholesale division reported results in line with the first three months of 2016 (+0.5% at current exchange rates, -3.2% at constant exchange rates(2)), with a significant increase in business from independent opticians and key accounts and a decline in sales to online players due to the impact of the MAP policy. €833 million net result (1) in 2017. The Groups global wholesale distribution network covers more than 150 countries and is complemented by an extensive retail network of approximately 8,000 stores, with LensCrafters and Pearle Vision in North America, OPSM and LensCrafters in Asia-Pacific, GMO in Latin America, Salmoiraghi & Viganò in Italy and Sunglass Hut worldwide. Luxottica Group is a leader in premium, luxury and sports eyewear with over 7,400 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin … 2017. Total Revenue. On April 5, 6, 7 and 10, 2017, internal dealing forms were filed by Mr. Luigi Francavilla reporting that 49,200 ordinary shares of the Company were sold on each of April 4, April 5, April 6 and April 7, respectively, in market transactions on the Milan Stock Exchanges Mercato Telematico Azionario at an average price per share of Euro 50.8327, Euro 50.9333, Euro 50.65 and Euro 50.8622, respectively. The Group also met certain conditions necessary for completing the transaction announced on January 16, 2017 with Essilor. 391,398,910 votes in favour, equal to 98.15% of the votes represented at the Stockholders Meeting and to 80.79% of the Companys issued share capital; No. Annual Report 2015. 1. Shares represented at the Stockholders Meeting no. In the past twelve months, we have introduced a number of business enhancements and our organization has radically changed and improved. LUXOTTICA GROUP S.p.A. Piazzale Cadorna 3, MILAN, 20123 ITALY (Address of principal executive office) Statements in this communication concerning the business outlook or future economic performance, anticipated profitability, revenues, expenses, dividends or other financial items, and product or services line growth of Luxottica (and the combined businesses of Essilor and Luxottica), together with other statements that are not historical facts, are forward-looking statements that are estimates reflecting the best judgment of Luxottica based upon currently available information. All Rights Reserved. Yes o No x, If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-. Autorité des Marchés Financiers (AMF) on March 27, 2018, under number D.18-0193 in accordance with Article 212-13 of the General Regulations of the AMF. The allocation of net income and the distribution of dividends. The cash dividend will be payable on May 24, 2017 (the coupon detachment date will be May 22, 2017 pursuant to the Borsa Italiana calendar with a record date of May 23, 2017). Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (2) Figures at constant exchange rates have been calculated using the average exchange rates in effect for the corresponding period in the previous year. Luxottica Group Spa (LUX) SEC Filing 20-F Annual report for the fiscal year ending Saturday, December 31, 2016 Home SEC Filings Luxottica Group Spa (LUX) 20-F Annual Report Fri Apr 28 2017 20-F Annual Report Such factors may cause Luxotticas actual results, performance or plans with respect to the combined Essilor and Luxottica group to differ materially from any future results, performance or plans. Official Websites. laboratories and edging facilities. Such forward-looking statements are inherently uncertain, and stockholders and other potential investors must recognize that actual results may differ materially from Luxotticas expectations as a result of a variety of factors. Available at http://www.luxottica.com/en/toseethebeautyoflife. Net sales results for the first quarter of 2017 will be discussed via audio webcast on Friday, April 28, 2017 at 12:00PM EDT (5:00PM BST, 6:00PM CEST). The presentation will be available for download from Luxottica Groups Investors section at http://www.luxottica.com/en/investors/results-and-presentations shortly before the start of the audio webcast. Luxottica disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments. Luxottica Group is a leader in premium, luxury and sports eyewear with over 7,400 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin America and Europe, and a 2017 REGISTRATION DOCUMENT & ANNUAL FINANCIAL REPORT. Annual Report 2017 X This website or third-party tools used by the site itself use the cookies necessary for operation and useful for the objectives illustrated in the cookie policy, including the possibility of sending you advertisements according to your interests. In Asia-Pacific, the first quarter of the year showed a sequential improvement in sales performance as compared to the fourth quarter of 2016 and was up 6% from the first quarter of 2016 (+0.6% at constant exchange rates(2)) due primarily to Australias, Indias and Japans strong sales performance. India serving the local market the deal also offered a succession plan for Leonardo Del Vecchio, the ’. 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