(Source: Datamonitor)
Luxottica Group, which is engaged in the design, manufacture and distribution of luxury and sports eyewear, has reported a net income of E115.7 million, or E0.25 per diluted share, for the second quarter ended June 30, 2009, a 12.7% decrease, compared to E132.6 million, or E0.29 per diluted share, in the second quarter of 2008.
For the second quarter of 2009, net sales were E1.40 billion, a 3.5% increase, compared to E1.35 billion in the second quarter of 2008.
For the first six-months ended June 30, 2009, net sales were E2.71 billion, a 1.4% decrease, compared to E2.75 billion in the same period of 2008. Net income was E196.1 million, or E0.43 per diluted share, a 17% decrease, compared to E236.3 million, or E0.52 per diluted share, in the same period of 2008.
Andrea Guerra, CEO of Luxottica Group, said: "We outlined our priorities for 2009 from the very beginning: a solid financial position and an immediate search for a new equilibrium and efficiencies in manufacturing and distribution, while maintaining our commitment to growth and the search for new solutions that would support the long-term growth of Luxottica."
A service of YellowBrix, Inc.
