Latest financial reports: Luxottica, Tod’s, Piquadro, Poltrona Frau
World’s largest eyewear maker, Italian based Luxottica has surpassed 2 billion euros in turnover (+7,2%) for the first half of 2013. Luxottica reported sales of 3,8 billion euros for the first 6 months of 2013 (+5,8%) and a net profit of 371 million euros (+15%). All premises confirm full year performance will be in line with expectations.
Tod’s Group reports a modest 1,8% increase in profits for the first half of 2013, reaching a total of 75,7 million euros. Tod’s Group registered a turnover of 491,2 million euros. Tod’s and Roger Vivier remain the best performing brands of the group while Hogan and Fay continue to be affected by the slow down in demand on the domestic market and over-exposure to wholesale distribution.
Italian premium luggage and handbags specialist Piquadro reported a sharp drop of 20% in its next profit for the first half of 2013 – from 888.000 euros in 2012 to 709 mila euro in 2013. However, sales increased by 14,3% and its Ebtida increased by 9,8% to 1,2 million euros, for the first half of 2013, compared to the same period last year.
Italy’s leading luxury furniture and interior design furnishing maker Poltrona Frau Group reported a solid 30% increased in its Ebtida for the first 6 months of 2013 to 11 million euros, compared to the same period last year; net profit increased from 2,7 million euro to 4,4 million in 2013 (first half). Poltrona Frau Group registered an 8,1 percent growth in its sales for the first half of 2013 to 129,4 million euros driven by a 33% jump in sales through directly operated stores, Greater China remaining the best performing international market (+36%) where the company will double the number of its mono-brand stores by the end of 2013 in 12 cities.