January 28, 2014 / 5:02 PM / 4 years ago

Luxottica sees 2014 growth as 2013 sales rise 7.5 pct

MILAN, Jan 28 (Reuters) - Ray Ban sunglasses maker Luxottica said on Tuesday 2014 had started well, laying the foundation for growth in the full year, as it reported a rise in full-year sales for 2013.

The world’s largest eyewear maker said 2013 revenue rose 7.5 percent at constant exchange rates to 7.3 billion euros ($9.98 billion), in line with analyst expectations, boosted by Europe and emerging markets.

Chief Executive Andrea Guerra told Reuters the company would probably sign a new brand licence in 2014 and renew its Chanel licence.

He also said the company was focused on growth over changing its dividend policy, despite rising cash reserves.

“Luxottica is more focused on growth than on a dividend different from that which we have paid so far,” Guerra said. ($1 = 0.7313 euros) (Reporting by Isla Binnie and Sabina Suzzi)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below