LUX.MI - Luxottica Group S.p.A.

Milan - Milan Delayed Price. Currency in EUR
51.64
+0.64 (+1.25%)
At close: 5:35PM CEST
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Previous Close51.00
Open51.12
Bid50.80 x 0
Ask51.80 x 0
Day's Range50.72 - 51.64
52 Week Range45.32 - 55.60
Volume471,395
Avg. Volume578,761
Market Cap24.731B
Beta0.49
PE Ratio (TTM)23.80
EPS (TTM)2.17
Earnings DateJul 23, 2018
Forward Dividend & Yield1.01 (1.95%)
Ex-Dividend Date2018-04-23
1y Target Est53.81
  • Reuters2 days ago

    LVMH's eyewear venture looks to triple production

    A joint venture between Dior-owner LVMH (LVMH.PA) and Italy's Marcolin could triple its production of glasses over time as its portfolio of brands expands. LVMH last year followed in the steps of rival Kering (PRTP.PA), which decided in 2014 to bring its eyewear business in house to increase control and pocket profit margins previously left to licensees. The shift in strategy has dealt a blow to Italy's Safilo (SFLG.MI) - the world's second-largest eyewear manufacturer behind domestic rival Luxottica (LUX.MI) - which was already suffering from the loss of Kering's Gucci licence.

  • Reuters7 days ago

    Luxottica chairman says China may seek 'minor restrictions' to clear Essilor deal

    China's competition authorities may ask for minor restrictions before clearing a merger between Italian eyewear group Luxottica (LUX.MI) and French lens manufacturer Essilor, Luxottica chairman said. Speaking on the sidelines of the Milanese group's annual general meeting, Chairman Leonardo Del Vecchio said the relative size of the two groups' Chinese operations made it more likely that the adjustments requested could affect Essilor rather than Luxottica.

  • What Can We Expect From Luxottica Group Sp.A.’s (BIT:LUX) Earnings In Next 12 Months?
    Simply Wall St.last month

    What Can We Expect From Luxottica Group Sp.A.’s (BIT:LUX) Earnings In Next 12 Months?

    Based on Luxottica Group Sp.A.’s (BIT:LUX) earnings update in December 2017, it seems that analyst forecasts are fairly bearish, with earnings expected to decline by -5.40% in the upcoming yearRead More...

  • Reuters2 months ago

    Luxottica buys Japanese titanium and gold spectacles maker

    MILAN (Reuters) - Italian eyewear group Luxottica said on Tuesday it had acquired a 67 percent stake in Fukui Megane, a family-owned Japanese manufacturer specialising in the production of titanium and ...

  • Reuters2 months ago

    EU, U.S clear Essilor's 48 billion euro merger with Luxottica

    PARIS/BRUSSELS (Reuters) - European and U.S. competition regulators on Thursday approved the 48-billion-euro ($58 billion) merger of Italian eyewear maker Luxottica and French lens manufacturer Essilor, sending shares in both companies higher. The proposed tie-up between Luxottica, which owns brands including Ray-Ban and Oakley, and Essilor, which sells lenses under the Varilux brand, is aimed at taking advantage of expected strong demand for prescription spectacles and sunglasses as populations age globally. "We've received feedback from nearly 4,000 opticians in a market test in Europe that Essilor and Luxottica would not gain market power to harm competition," EU Competition Commissioner Margrethe Vestager said, approving the deal without conditions.

  • EU, U.S clear Essilor's 48 billion euro merger with Luxottica
    Reuters2 months ago

    EU, U.S clear Essilor's 48 billion euro merger with Luxottica

    PARIS/BRUSSELS (Reuters) - European and U.S. competition regulators on Thursday approved the 48-billion-euro ($58 billion) merger of Italian eyewear maker Luxottica (LUX.MI) and French lens manufacturer Essilor (ESSI.PA), sending shares in both companies higher. The proposed tie-up between Luxottica, which owns brands including Ray-Ban and Oakley, and Essilor, which sells lenses under the Varilux brand, is aimed at taking advantage of expected strong demand for prescription spectacles and sunglasses as populations age globally. "We've received feedback from nearly 4,000 opticians in a market test in Europe that Essilor and Luxottica would not gain market power to harm competition," EU Competition Commissioner Margrethe Vestager said, approving the deal without conditions.

  • EU clears merger of Essilor, Luxottica without conditions
    Reuters2 months ago

    EU clears merger of Essilor, Luxottica without conditions

    The European Commission on Thursday approved the 48-billion-euro merger of eyewear groups Luxottica and Essilor without setting conditions, saying the merger would not harm competition. "We've received ...

  • Reuters2 months ago

    EU clears merger of Essilor, Luxottica without conditions

    BRUSSELS (Reuters) - The European Commission on Thursday approved the 48-billion-euro (42.55 billion pounds) merger of eyewear groups Luxottica and Essilor without setting conditions, saying the merger ...

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of LUX.MI earnings conference call or presentation 26-Feb-18 5:00pm GMT

    Full Year 2017 Luxottica Group SpA Earnings Call

  • MarketWatch2 months ago

    Italian election: Stocks to buy and avoid ahead of the March 4 vote

    Investors shouldn't ignore the risk related to the Italian election, says UBS. A political shock could trigger 10-15% downside for Italian equities relative to Europe, they warned.

  • Luxottica sees steady growth ahead as Essilor deal closing nears
    Reuters2 months ago

    Luxottica sees steady growth ahead as Essilor deal closing nears

    Ray-Ban owner Luxottica (LUX.MI) said on Monday it expected to close its proposed merger with lens maker Essilor (ESSI.PA) by mid-2018 while forecasting steady growth in its own sales and profits for the year. Luxottica, which makes spectacles for luxury brands such as Chanel, said its expected sales to grow between 2 and 4 percent this year, net of currency swings, after a 2.2 percent rise in sales for 2017 to 9.16 billion euros. The group said adjusted operating profit in 2018 would grow in line with sales or slightly less, while the increase in adjusted net profit could be as much as twice that of sales thanks to lower taxes and interest payments.

  • Reuters2 months ago

    Luxottica sees steady growth ahead as Essilor deal closing nears

    Ray-Ban owner Luxottica said on Monday it expected to close its proposed merger with lens maker Essilor by mid-2018 while forecasting steady growth in its own sales and profits for the year. The deal agreed a year ago to create an industry leader worth 48 billion euro ($59 billion) is awaiting regulatory clearance in Europe, the United States and China after receiving an unconditional green light on Friday from Brazil's competition watchdog. Luxottica, which makes spectacles for luxury brands such as Chanel, said its expected sales to grow between 2 and 4 percent this year, net of currency swings, after a 2.2 percent rise in sales for 2017 to 9.16 billion euros.

  • Reuters3 months ago

    Luxottica sees strong adjusted net profit growth after full-year sales meet guidance

    Italy's Luxottica (LUX.MI), the world's biggest eyewear maker, sees 2017 adjusted net income growing strongly after a robust fourth quarter helped it to meet its full-year sales guidance. Luxottica is awaiting antitrust approval of the 50 billion euro (43.97 billion pounds) merger it agreed a year ago with rival Essilor (ESSI.PA) to create a lens-to-frame manufacturer with a global shop network and a portfolio of top brands such as Ray Ban and Chanel. Luxottica had guided for a "low to mid" single-digit growth in 2017 sales at constant currencies and forecast a broadly similar rise in its adjusted operating and net profit.

  • Reuters3 months ago

    Luxottica sees strong adj. net profit growth after FY sales meet guidance

    Italy's Luxottica, the world's biggest eyewear maker, sees 2017 adjusted net income growing strongly after a robust fourth quarter helped it to meet its full-year sales guidance. Luxottica is awaiting antitrust approval of the 50 billion euro ($62 billion) merger it agreed a year ago with rival Essilor to create a lens-to-frame manufacturer with a global shop network and a portfolio of top brands such as Ray Ban and Chanel. Luxottica had guided for a "low to mid" single-digit growth in 2017 sales at constant currencies and forecast a broadly similar rise in its adjusted operating and net profit.

  • Korean Ace Has Eyes on Australian Open Prize, Oakley Endorsement
    Bloomberg3 months ago

    Korean Ace Has Eyes on Australian Open Prize, Oakley Endorsement

    Tennis star Chung Hyeon’s astigmatism isn’t hurting his game and may be helping him win another endorsement contract.

  • Motley Fool4 months ago

    Luxottica and Essilor Play the Waiting Game With Regulators

    Almost a year since announcing the deal, the two companies are still working to secure the necessary approvals from major markets.

  • Motley Fool4 months ago

    10 Stories That Dominated Consumer and Retail Headlines in 2017

    Whatever happened to Luxottica and Essilor? Why did T-Mobile and Sprint’s latest merger attempt fail? We go over these stories, and many more from 2017.

  • Reuters4 months ago

    Luxottica CEO exits eyewear giant ahead of Essilor merger

    Italy's Luxottica has parted ways with its fourth chief executive in three years as Chairman Leonardo Del Vecchio prepares the eyewear group he founded for a planned merger with France's Essilor. Luxottica, the biggest maker of spectacles, agreed in January to merge with the top lens manufacturer to create a 46 billion euro ($54 billion) group with a global shop network and brands from Ray Ban to Giorgio Armani and Burberry. Luxottica said on Friday Massimo Vian, CEO for products and operations, would step down three months before the expiry of the current board's mandate as it simplified its structure ahead of the merger.

  • Reuters4 months ago

    Luxottica CEO exits eyewear giant ahead of Essilor merger

    Italy's Luxottica has parted ways with its fourth chief executive in three years as Chairman Leonardo Del Vecchio prepares the eyewear group he founded for a planned merger with France's Essilor. Luxottica, the biggest maker of spectacles, agreed in January to merge with the top lens manufacturer to create a 46 billion euro ($54 billion) group with a global shop network and brands from Ray Ban to Giorgio Armani and Burberry. Luxottica said on Friday Massimo Vian, CEO for product and operations would step down three months before the expiry of the current board's mandate as it simplified its structure ahead of the merger.

  • Reuters4 months ago

    Luxottica CEO leaves group ahead of merger with Essilor

    Italian eyewear group Luxottica (LUX.MI) said on Friday Chief Executive Massimo Vian would leave the group, strengthening the powers of founder and Chairman Leonardo Del Vecchio ahead of a merger with France's Essilor (ESSI.PA). Ray-Ban maker Luxottica said Vian would step down three months before the expiry of his term. Vian's responsibilities will be handed over to both Del Vecchio and Deputy Chairman Francesco Milleri, a close aide of Del Vecchio, who would also take on the position of CEO.

  • Reuters4 months ago

    Exclusive: Luxottica, Essilor tie-up on track for unconditional EU okay - sources

    Italian eyewear maker Luxottica (LUX.MI) and French lens manufacturer Essilor (ESSI.PA) are set to win unconditional EU antitrust approval for their 48 billion-euro ($57 billion) merger, two people familiar with the matter said on Thursday. Having had some initial concerns about the deal between Luxottica, the world's biggest eyeglass frame maker and Essilor, the biggest lens maker, the European Commission is scheduled to decide by March 8 on whether to clear it.

  • Reuters4 months ago

    EU regulators to clear Luxottica, Essilor deal without conditions: sources

    Italy's Luxottica and French glasses group Essilor are set to win unconditional EU antitrust approval for their 48-billion-euro ($56.8 billion), two people familiar with the matter said on Thursday. The deal between Luxottica, the world's biggest eyeglass frame maker, and Essilor, the world No. 1 lens maker, would create a company that would make products ranging from Ray-Bans to Giorgio Armani frames and have a major eyeglass retail outlet. The European Commission, which had some initial concerns about the mega deal, declined to comment.

  • Business Wire4 months ago

    Tiffany & Co. Strengthens Eyewear Offering with Renewed Luxottica License Agreement

    Luxottica Group and Tiffany & Co. today announced the renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Tiffany & Co brand.