luxottica fiscal year

In fact, consolidated net outstanding debt as of December 31, 2004, was €1,711.3 million, compared with €1,470.4 million as of December 31, 2003, reflecting a net increase of €240.9 million. It is based in Milan, Italy.. As a vertically integrated company, Luxottica designs, manufactures, distributes and retails its eyewear brands, including LensCrafters, Sunglass Hut, Apex by Sunglass Hut, Pearle Vision, Target Optical, Eyemed vision care plan, and Glasses.com. Here a crucial point related to the US Fiscal year, i.e., Prior to 1976, the fiscal year started from July 1 and ended on Jun 30 of the next calendar year. €802 million. Website optimized for Chrome ... Luxottica Group’s first line is still the one that best conveys the experience and tradition that are its essence. Net Profitability. These non-GAAP measures are not meant to be considered in isolation or as a substitute for results prepared in accordance with U.S. GAAP. Luxottica in the world; Unique Approach. Luxottica bought Oakley for $2 billion in June. A fiscal year differs from a calendar year in that it begins at the start of a quarter such as April 1 or October 1. By closing this banner, scrolling this page, clicking on a link or continuing browsing in any other way, you will agree to use of the cookies. See notes to attached tables for more information. 5 The ratio of net debt to EBITDA is not a measure of performance under accounting principles generally accepted in the United States (U.S. GAAP). In the United Kingdom, the tax year. The Group’s products are designed and manufactured in its six facilities in Italy and one in the People’s Republic of China. Online Brand protection; Offline brand protection; Why genuine is better; Report fake; Stories; Innovation; The making of eyewear; Our History. Such risks and uncertainties include, but are not limited to, fluctuations in exchange rates, economic and weather factors affecting consumer spending,  the ability to successfully introduce and market new products, the ability to successfully launch initiatives to increase sales and reduce costs, the availability of correction alternatives to prescription eyeglasses, the ability to effectively integrate recently acquired businesses, including Cole National, risks that expected synergies from the acquisition of Cole National will not be realized as planned and that the combination of Luxottica Group’s managed vision care business with Cole National will not be as successful as planned, as well as other political, economic and technological factors and other risks referred to in Luxottica Group’s filings with the U.S. Securities and Exchange Commission. As announced on February 15, 2005, Luxottica Group posted, in accordance with U.S. GAAP, the following results for fiscal year 2004: Consolidated net sales of €3,223.9 million; Consolidated operating income of €492.8 million; 2. A company's fiscal year is its financial year; it is any 12-month period that the company uses for accounting purposes. As of today, all is on track with no surprises.”. Andrea Guerra, chief executive officer of Luxottica Group, commented: “This was a particularly strong year for our entire organization, both in retail and wholesale. Luxottica headquarters in Milan 01 Mar 2013: 2013 Investor and Analyst Presentation: Financial - Roadshow, conferences & events : Consolidated results for the fourth quarter of 2012; statutory and consolidated financial statements for fiscal year 2012: Financial - Board of Directors The federal government uses the fiscal year for their budgets. Prior to that, in September 2003 the Group acquired control of OPSM Group, the leading eyewear retailer in Australia, and, in March 2001, Sunglass Hut International, a leading sunglass retailer with approximately 1,900 stores worldwide. Operating measures that assume constant exchange rates between the whole year 2004 and the whole year 2003 and the fourth quarter of 2004 and the fourth quarter of 2003 are calculated using for each currency the average exchange rate for the whole year and the three-month period ended December 31, 2003. A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes.It is also used for financial reporting by businesses and other organizations. If you want to know more or refuse consent to all or some of the cookies, consult the cookie policy. The U.S. Government's fiscal year starts on October 1. Within this context, wholesale sales to third parties rose by 13.2 percent, reflecting an improvement in the trend for the year.”, “During the final quarter of the year, from a retail perspective in North America we focused on the integration of the important Cole National business, the success of which is key for our Group. Additional information on the company is available on the web at www.luxottica.com . In 2013, Luxottica set a new net sales record of more than Euro 7.3 billion, an increase of +7.5% at constant exchange rates 2 and +3.2% at current exchange rates compared to 2012. Luxottica to confirm outlook for fiscal year 2008 26 Jun 2008 - 02:42 PM Milan, Italy – June 26, 2008 - Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX), a global leader in the design, manufacturing and distribution of premium fashion and luxury eyewear, today will confirm during an investor conference call its previously announced financial outlook for fiscal year 2008. 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