1 827
Fashion Jobs
MYER
Visual Merchandise Manager
Permanent · MELBOURNE
MYER
Online Fulfilment Team Member
Permanent ·
L'OREAL GROUP
National Account Manager - Grocery
Permanent · MELBOURNE
L'OREAL GROUP
Assistant Brand Manager
Permanent · MELBOURNE
TRP RECRUITMENT
Senior Buyer - Womenswear
Permanent · CANBERRA
MYER
Retail Property Manager
Permanent · DOCKLANDS
MYER
Uniformed Loss Prevention Officer | North Lakes
Permanent · NORTH LAKES
MYER
Uniformed Loss Prevention Officer | Adelaide City & Tea Tree Plaza
Permanent · ADELAIDE
MYER
Uniformed Loss Prevention Officer | Sydney City, Bondi, Eastgardens & Chatswood
Permanent · BONDI
MYER
Uniformed Loss Prevention Officer | Miranda
Permanent · MIRANDA
UNILEVER
Site Training Coordinator
Permanent · MINTO
UNILEVER
Health & Wellbeing Regulatory Affairs Assistant Manager
Permanent · NORTH ROCKS
BULGARI
Sales Administrator
Permanent · SYDNEY
H&M
Facilities Manager
Permanent · SYDNEY
NIKE
Technical Operations Specialist - Pacific
Permanent · MELBOURNE
BOARDRIDERS
Anz Business Intelligence Manager
Permanent · BYRON BAY
SAINT LAURENT
Saint Laurent Finance Manager Anz
Permanent · SYDNEY
COTY
Influencer Marketing Manager (Rimmel & Maxfactor)
Permanent · SYDNEY
UNIVERSAL STORE
Area Sales Manager - Newcastle Region - Newcastle Region
Permanent · NEWCASTLE
LOUIS VUITTON MALLETIER
HR Business Partner
Permanent · SYDNEY
PORTMANS
Planner - Portmans
Permanent · MELBOURNE
L'OREAL GROUP
Supply Chain, Operations & IT HR Manager
Permanent · MELBOURNE
By
Reuters
Published
Apr 29, 2010
Download
Download the article
Print
Text size

Luxottica first quarter net up, sees growth in 2010

By
Reuters
Published
Apr 29, 2010

MILAN, April 29 (Reuters) - Italy's Luxottica (LUX.MI), the world's biggest eyewear group, said on Thursday 29 April it expected profits to grow faster than sales this year, after first-quarter net income jumped 21 percent, echoing optimism among other luxury goods companies.

Luxottica

The Milan-based maker of Ray-Ban and Oakley sunglasses said in a statement emerging and North American markets performed strongly in the first quarter, while others still faced a challenging environment.

"We look to this year with confidence, aware that the recovery will likely be more selective," Chief Executive Andrea Guerra said in the statement.

The company said in March it expected a mid-single digit revenue growth in 2010.

On Thursday 29 April Guerra said he expected "a more than proportionate increase in profitability".

In the first quarter of 2010, net sales rose by 6 percent at current exchange rates to 1.39 billion euros ($1.9 billion).

Net profit was 95.1 million euros. Seven analysts polled by Thomson Reuters I/B/E/S had forecast net profit between 92.3 million euros and 111 million.

Shares, nearly 70 percent owned by the Del Vecchio family, were up nearly 1 percent at 21.3 euros after the results.

Echoing comments from other fashion groups, French retail and luxury group PPR (PRTP.PA) said on Thursday 29 April it aimed to improve profitability in 2010 after returning to growth in the first quarter of the year.

(Reporting by Antonella Ciancio and Cristina Carlevaro, Editing by David Holmes)

($1=.7508 Euro)

© Thomson Reuters 2024 All rights reserved.