Luxottica Q1 operating income grows 40 per cent

Luxottica has announced a 40 per cent increase in its first quarter operating income to €192m, slightly below expectations.

Retail sales grew 18 per cent to €891m, while wholesale grew 39 per cent to €456m.
   
Andrea Guerra, chief executive, said: 'Our strong results for the first quarter represent a particularly encouraging beginning for 2006. Sales were up significantly in both wholesale and retail, by 39.4 percent and 17.7 percent, respectively, reflecting continued strength in our wholesale business and strong execution on our retail strategy - both in North America and Asia-Pacific.'