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This excerpt taken from the LUX 6-K filed Mar 7, 2007. Earnings per share from
continuing operations: €0.22 (US$0.29 per ADS)
Andrea Guerra, chief executive officer of Luxottica Group, commented: “Fiscal 2006 was truly a record year all-around. Retail and especially wholesale performed well above the rest of the market, reflecting the strength of our business model and our ability to maximize growth opportunities. We ended the year with EPS from continuing operations of €0.95, 2 reflecting a year-over-year increase of 30% and more than double that of the improvement in consolidated sales reported for the year.” Mr. Guerra continued: “Cash flow generation was again one of the highlights of our results, with close to €400 million for the full year. This continues to be a key competitive advantage of our business model: the flexibility to make ongoing investments to maximize our ability to capture present and future growth opportunities.” On December 31, 2006, Luxottica Group’s consolidated net outstanding debt was €1,148.5 million, resulting in a net debt to EBITDA ratio(8) of 1.2x, the lowest level in the past six years. Luxottica Group’s consolidated results for the fourth quarter and fiscal year 2006 were approved today by its Board of Directors. |
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