Luxottica: growth accelerates, merger in sight

(CercleFinance.com) - Luxottica's retail sales have grown in the 2nd quarter, without taking currencies into account.
Chinese antitrust authorities should ratify its merger with Essilor in the new few days.

For the 1st half of the year, the Italian group's net sales, which are very exposed to the United States, fell 7.7% at current exchange rates to 4.6 billion euros.

Outside currency effects, they are slightly up (0.3%).
In adjusted data, half-yearly operating results were down 13.1% to 781 million euros (+0.5% at constant exchange rates), and net profits varied -3.9% to 545 million (+11.6% at constant exchange rates).

Founder and Executive Chairman Leonardo Del Vecchio declared “Considering the positive trends we are also seeing in July, we confirm our outlook for 2018”.

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