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Luxottica Group, S.p.A. (LUX)
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LUX » Topics » Forecasts for 2008

This excerpt taken from the LUX 6-K filed Oct 29, 2008.

Forecasts for 2008

 

The Group anticipates that, for the first time in 2008, pro forma operating margin should improve in the fourth quarter when compared to the same period last year. The flexibility and effectiveness of the Group’s business model should enable it to continue to produce solid cash flows, which, for the full year 2008, are expected to be €360-€380 million. According to current estimates, Luxottica now expects to achieve an EPS for 2008 between €0.96 and €0.98 (assuming an average Euro/US Dollar exchange rate of 1.45).

 

The manager responsible for preparing the company’s financial reports, Enrico Cavatorta, declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the document results, books and accounting records.

 

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