Luxottica shares recover partly after good figures

november 7, 2014

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Luxottica published good figures for the third quarter of this year. As a result, and probably also due to the appointment of two new CEO’s, Massimo Vian and Adil Mehboob-Khan, the share prices of the Italian eyewear manufacturer recovered partly, but not complete yet, from the earlier dramatic drop after the sudden  departure of it’s top-management. Sales in the third quarter increased with 6,8% to more than 1,9 billion euro mainly due to good results in North and South America, China, India and the Middle East. Europe did less good with a decrease in sales of 3%, according to Luxottica due to a lack of sun this Summer in this part of the world. Net profit increased with 17,5% to 173 million euro.

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