703 KB - Luxottica

FY 2008: consolidated results
FY08
FY08
4Q08
4Q08
€ million
vs. FY07 (1)
€ million
vs. 4Q07
Net sales
reported at current exchange rates
pro forma (2) at constant exchange rates
EBITDA
Y-o-Y margin (3) change vs. pro forma (2)
Operating income
Y-o-Y margin change vs. pro forma (2)
Net income (4)
in €
EPS before trademark amortization (4) (5)
in €
in US$
EPS reported (4)
in €
in US$
5,201.6
1,014.7
749.8
395.0
0.96
1.42
0.87
1.27
+4.7%
-0.8%
-120 bps
-110 bps
-17.6%
-15.4%
-9.2%
-17.8%
-11.8%
1,236.5
186.1
117.4
54.1
0.14
0.19
0.12
0.16
+4.0%
-5.5%
-280 bps
-250 bps
-44.2%
-39.7%
-45.1%
-44.3%
-49.3%
(1) Excluding non-recurring gain related to the sale of a real estate property in 2Q07. The impact of the sale was a gain of approximately €20 million before taxes and approximately €13
million after taxes, equivalent to €0.03 at EPS level.
(2) Pro forma data reflects the inclusion of the consolidated results of Oakley, Inc., a subsidiary that was acquired in November 2007, as if it was acquired on January 1, 2007
(3) EBITDA and EBITDA margin are not US GAAP measures. For additional disclosure regarding non-US GAAP measures and a reconciliation to US GAAP measures, see Appendix.
(4) Excluding the write-off of credit related to the sale of the Things Remembered business
(5) EPS before trademark amortization is not a US GAAP measure. For additional disclosure regarding non-US GAAP measures and a reconciliation to US GAAP measures, see
Appendix.
Winning through the cycle
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