Luxottica on track for 2012 after record year

Luxottica has reported double-digit growth in group net sales for the first two months of 2012, following a record year in 2011 where net sales rose by 9.9 per cent to €6.2bn.

Announcing that it was raising its cash dividend for the financial year 2011 by 11.4 per cent, Luxottica revealed that it had recorded the highest net sales results in the group's 50-year history and a more than proportional increase in profitability in 2011. On the wholesale side, growth continued across all geographic areas. The performance in Eastern Europe was highlighted, with the rest of Europe described as 'solid' despite the current economic climate. Ray-Ban and Oakley sales were strong, with steady growth in premium and luxury brands.