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Sunglass Hut sales growth helps Luxottica towards Q2 profit surge

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Luxottica Group bolstered its sales and net income during the second quarter of 2015 – including double-digit sales growth for Sunglass Hut in Europe

Luxottica Group bolstered its sales and net income during the second quarter of 2015 – including double-digit sales growth for Sunglass Hut in Europe.

European sales increased by 9.1 per cent, with strong contributions from the German, UK, Nordic and Eastern wholesale markets noted.

During a presentation for the second quarter period the group stated that e-commerce sales were up by 57 per cent.

Luxottica’s total net sales for the first half of the year reached €4.7bn, compared to €3.9bn during the first half of 2014. The group’s net income rose by a quarter to reach €295m.

Adil Khan and Massimo Vian, chief executive officers of Luxottica, said in a joint statement that sales in emerging markets went up a fifth.

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