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Luxottica Group, S.p.A. (LUX)
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LUX » Topics » These results allow us to confirm our previously announced guidance for FY 2008.

This excerpt taken from the LUX 6-K filed Apr 30, 2008.

“These results allow us to confirm our previously announced guidance for FY 2008.”

 

In the first quarter of 2008, our two most important house brands, Ray-Ban and Oakley, posted strong results, as did the first collection of our licensed brand, Tiffany, which was successfully launched first in North America and then in other markets. The launch of 30 new colors of Wayfarer completed the restyling campaign, started last year, for this iconic Ray-Ban model and was well-received by the market. This quarter, Oakley posted double digit sales growth in the U.S. and in other markets. This is the year of the Olympic games and  great product launches which are being well-received by male and female audiences.

 

Luxottica Group’s consolidated net outstanding debt on March 31, 2008, was €2,729 million, reflecting a consolidated net debt to pro forma EBITDA ratio(3) of 2.38x.

 

 

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