Luxottica expects strong adjusted net profit growth in FY17

In a preliminary results statement, Luxottica Group said that the company closed the fourth quarter of 2017 with sales up 4.3 percent at constant exchange down 2.3 percent at current exchange rates as a result of the strong appreciation of the euro against the group’s other primary currencies. The company added that the fourth quarter results were driven by the acceleration of sales in both the retail and wholesale divisions and the positive performance of the business in Europe, North America, Australia and Brazil.