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Italian sunglasses get boost abroad

AFP
AFP - [email protected]
Italian sunglasses get boost abroad
The Ray-Ban brand is owned by Italian company Luxottica. Photo: Sean King/Flickr

Luxottica, the Italian group that owns high-end eyewear brands Ray-Ban and Oakley, said on Thursday it made a net profit last year of €544.7 million on sales of €7.3 billion.

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Revenues were 3.2 percent up on 2012 with net profit 1.9 percent higher.

It was the company's third consecutive strong annual results, buoyed by convincing sales in emerging markets China, Brazil and Turkey, where brand-hungry consumers were joining the middle-class. Europe and North America sales remained solid.

The company is the world's largest maker of eyewear. It produces glasses and frames under licence for a wide range of luxury brands, including Dolce & Gabbana, Prada, Versace, Chanel, Ralph Lauren and Paul Smith.

Andrea Guerra, Luxottica's CEO, said 2014 was already shaping up positively.

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