Luxottica: prosegue la forte crescita dei risultati

LUXOTTICA GROUP
CONSOLIDATED INCOME STATEMENT
FOR THE NINE-MONTH PERIODS ENDED
SEPTEMBER 30, 2010 AND SEPTEMBER 30, 2009
In accordance with IAS/IFRS
In thousands of Euro (1) 2010 % of sales 2009 % of sales % Change
NET SALES 4,451,542 100.0% 3,937,233 100.0% 13.1%
COST OF SALES (1,529,395) (1,352,480)
GROSS PROFIT 2,922,148 65.6% 2,584,752 65.6% 13.1%
OPERATING EXPENSES:
SELLING EXPENSES (1,427,794) (1,281,290)
ROYALTIES (74,512) (74,509)
ADVERTISING EXPENSES (286,455) (245,410)
GENERAL AND ADMINISTRATIVE EXPENSES (454,547) (425,227)
TRADEMARK AMORTIZATION (62,829) (61,266)
TOTAL (2,306,136) (2,087,703)
OPERATING INCOME 616,012 13.8% 497,049 12.6% 23.9%
OTHER INCOME (EXPENSE):
INTEREST EXPENSES (78,500) (79,307)
INTEREST INCOME 5,824 4,322
OTHER - NET (5,872) (1,905)
OTHER INCOME (EXPENSES)-NET (78,548) (76,890)
INCOME BEFORE PROVISION FOR
INCOME TAXES 537,464 12.1% 420,159 10.7% 27.9%
PROVISION FOR INCOME TAXES (186,202) (145,308)
NET INCOME 351,262 274,852
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING
INTEREST (4,185) (4,983)
NET INCOME ATTRIBUTABLE TO
LUXOTTICA GROUP SHAREHOLDERS 347,077 7.8% 269,869 6.9% 28.6%
BASIC EARNINGS PER SHARE (ADS): 0.76 0.59
FULLY DILUTED EARNINGS PER SHARE (ADS): 0.75 0.59
WEIGHTED AVERAGE NUMBER OF
OUTSTANDING SHARES 458,544,153 457,108,193
FULLY DILUTED AVERAGE NUMBER OF SHARES 460,249,173 457,661,787
Notes :
(1) Except earnings per share (ADS), which are expressed in Euro
(2) certain amounts of 2009 have been reclassified to conform to 2010 presentation
Luxottica Group 3Q10, Table 4 of 6