UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

April 25, 2007

COMMISSION FILE NO. 1 – 10421

LUXOTTICA GROUP S.p.A.

VIA C. CANTÙ 2, MILAN, 20123 ITALY
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by

Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by

Regulation S-T Rule 101(b)(7): o

Indicate by check mark whether by furnishing the information contained in this Form,

the registrant is also thereby furnishing the information to the Commission pursuant to

Rule 12g3-2(b) under the Securities Exchange Act of 1934.          Yes o    No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82-______

 

 

Set forth below is the text of a press release issued on April 24, 2007.

Luxottica’s first quarter of 2007 results show improving sales and net income

Milan, Italy — April 24, 2007 - Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX), the global leader in the eyewear sector, today announced consolidated U.S. GAAP results(1) for the three-month period ended March 31, 2007(2). Financial highlights were as follows:

·                  Consolidated sales: €1,299.8 million (+6.7%) (+13.1% excluding the impact of exchange rates)

-                    Total retail sales: €833.6 million (-1.6%) (+6.3% excluding the impact of exchange rates); Retail comparable store sales(3): +1.6%

-                    Total wholesale sales: €548.5 million (+20.4%) (+24.3% excluding the impact of exchange rates)

·                  Consolidated operating income: €224.1 million (+13.9%); Operating margin: 17.2%

·                  Consolidated net income: €128.3 million (+20.3%); Net margin: 9.9%

·                  Earnings per share: €0.28 (US$0.37 per ADS)

Andrea Guerra, chief executive officer of Luxottica Group, commented on the results for the quarter as follows: “The year started well. At constant exchange rates, consolidated sales for the quarter reflected strong growth (+13.1%), continuing the positive trend of fiscal 2006. Operating margin also continued to improve, exceeding 17%, while net income rose by 20.3%, which is a particularly positive result when considering the significant impact of exchange rates on results for the quarter.”

“It is important to mention that this positive performance was achieved while the Group is making significant investments in several markets to improve its ability to capture longer-term growth opportunities. In North America, management is currently focused both on the integration of the acquisitions made over the past 18 months and on the opening of new stores. During the first quarter we opened a record 149 new stores. In Asia-Pacific, we continued to work on our China-based retail operations: we are overseeing the building of a strong infrastructure from our new head office in Shanghai. Finally, we entered new markets with Sunglass Hut: in Hong Kong, we opened the chain’s first two stores in China, and we entered South Africa through the acquisitions of the Sunglass World and Occhiali for Sunglasses chains.”

“The comparison between the first quarter 2007 and the same period of 2006 was challenging,” continued Mr. Guerra. “In addition, this year the U.S. dollar depreciated by 8.3% against the Euro while weather conditions in North America during the month of February were especially unfavorable. Notwithstanding these challenges, our work on the brand portfolio and on the positioning of our retail chains allowed us to post strong results which are encouraging towards achieving our objectives for 2007. Additionally, the profitability of our retail business in North America continued to improve. As a result, today

2

---

we confirm our previously announced guidance for the full year and expect that results will fall towards the higher end of the range.”

Luxottica Group’s consolidated net outstanding debt on March 31, 2007, was €1,326.9 million, up from €1,148.5 million on December 31, 2006, as a result of the payment of US$199 million in advance royalties under the Polo Ralph Lauren license and an additional US$110 million for the closing of the D.O.C Optics acquisition. Free cash flow for the quarter before acquisitions, advance royalty payments and currency impact was €63.9 million, confirming the ability of the Group to generate significant levels of cash flow due to its strong business model.

The wholesale business continued to grow strongly. Sales rose by over 24% at constant exchange rates, with operating margin improving from 26.0% to 27.5%. Wholesale sales to third parties were even stronger, reflecting an improvement by approximately 29% at constant exchange rates due to strong products and continued excellent service levels. In addition to the positive performance of the Group’s house brands, including Ray-Ban, Persol and Vogue, key license brands contributed strongly to the results for the quarter: sales of Burberry eyewear were above expectations, while Bvlgari, Chanel, Dolce & Gabbana, Prada and Versace performed especially well. In terms of geographic regions, Italy, the U.S., France and Spain posted particularly strong results, while at the same time the Group is increasingly focused on emerging market countries, consolidating its presence in Eastern Europe and in East Asia. During the quarter, the Group successfully launched the first Polo Ralph Lauren collections, although this had only a marginal impact on results for the period.

2007 is a very important year for the retail business: we have planned strong investments to expand and renew our store network and to consolidate recent acquisitions. Results for the first quarter already reflected the effects of these investments: at constant exchange rates, total sales increased by 6.3% while store comparable sales grew by 1.6%. We expect that results for the full year will also be positively impacted, with strong growth in both sales and profitability.

The positive momentum of LensCrafters and Sunglass Hut has continued. The results of the retail business in Asia-Pacific have been strong, confirming that our geographical diversification strategy has been successfully implemented. The Group was also pleased with the level of operating income achieved for the quarter, which was particularly strong when considering the level of investments mentioned above.

Luxottica Group’s consolidated U.S. GAAP results for the first quarter of 2007 were approved today by its Board of Directors.

Company Annual Ordinary Shareholders’ Meeting and Proposed Date for the Payment of Dividend for Fiscal Year 2006

The Company’s Ordinary Shareholders’ Meeting is scheduled for May 15, 2007, on first call, and for May 16, 2007, on second call.

3

---

At the Meeting, the Board of Directors will propose to shareholders to pay a dividend for fiscal year 2006 of €0.42 per ordinary share and per American Depositary Share (ADS) (one ADS represents one ordinary share), as announced on March 5, 2007.

The proposed cash dividend will be paid to holders of record of ordinary shares as of May 18, and to holders of record of ADRs as of May 23. The ex-dividend date for both holders of ordinary shares and ADRs will be May 21, 2007. Luxottica Group will make the dividend payable in Euro to holders of ordinary shares on May 24, 2007. Deutsche Bank Trust Company Americas, the depositary of Luxottica Group’s ordinary shares represented by ADRs, will make the dividend payable in U.S. dollars to ADR holders on June 1, 2007, at the Euro/U.S. dollar exchange rate of May 24, 2007. Information regarding the tax regime applicable to the payment of Luxottica Group dividends are available from the Group’s corporate website at www.luxottica.com.

 

Luxottica Group is a global leader in eyewear, with approximately 5,700 optical and sun retail stores in North America, Asia-Pacific, China and Europe and a strong brand portfolio that includes Ray-Ban, the best selling sun and prescription eyewear brand in the world, as well as, among others, license brands Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada and Versace, and key house brands Vogue, Persol, Arnette and REVO. In addition to a global wholesale network that touches 130 countries, the Group manages leading retail brands such as LensCrafters and Pearle Vision in North America, OPSM and Laubman & Pank in Asia-Pacific, and Sunglass Hut globally. The Group’s products are designed and manufactured in six Italy-based high-quality manufacturing plants and in the only two China-based plants wholly-owned by a premium eyewear manufacturer. For fiscal year 2006, Luxottica Group (NYSE: LUX; MTA: LUX) posted consolidated net sales of €4.7 billion. Additional information on the Group is available at www.luxottica.com.

 

Certain statements in this press release may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those which are anticipated. Such risks and uncertainties include, but are not limited to, fluctuations in exchange rates, economic and weather factors affecting consumer spending, the ability to successfully introduce and market new products, the availability of correction alternatives to prescription eyeglasses, the ability to successfully launch initiatives to increase sales and reduce costs, the ability to effectively integrate recently acquired businesses, as well as other political, economic and technological factors and other risks referred to in Luxottica Group’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date hereof and, under U.S. securities regulation, Luxottica Group does not assume any obligation to update them.

 

Luca Biondolillo, Head of Communications

Tel.: +39 (02) 8633 4062

Email: LucaBiondolillo@Luxottica.com

Alessandra Senici, Senior Manager, Investor Relations

Tel.: +39 (02) 8633 4069

Email: AlessandraSenici@Luxottica.com

- TABLES TO FOLLOW -

(1)  The attached financial statements have been prepared using U.S. generally accepted accounting principles and reflect our preliminary calculation of the effects of the adoption of Financial Accounting Standards Interpretation No. 48, “Accounting for Uncertainty in Income Tax - an interpretation of  FASB No. 109” (FIN 48), which is required to be adopted as of the beginning of our 2007 fiscal year.  The Company is continuing its determination of the impact of the adoption of such standard, which could include an adjustment to the recorded cumulative adjustment to shareholders’ equity as of the beginning of the period presented to give effect to the adoption and a change in the tax provision and tax assets and liabilities as currently reflected on the attached balance sheet and income statements.  Although the Company has not yet completed the determination of the impact of the adoption of FIN 48, any additional adjustments could have a material impact on our consolidated results of operations and financial position, including changes to our net income and earnings per share for the three months ended March 31, 2007 as reported in this press release.  Any effect of the updated calculation of adoption of FIN 48 will be included in our consolidated financial statements as of and for the three months ended March 31, 2007, to be furnished to the U.S. Securities and Exchange Commission on Form 6-K.

(2)  All comparisons, including percentage changes, are between the three-month periods ended March 31, 2007 and 2006.

(3)  Comparable store sales reflects the change in sales from one period to another that, for comparison purposes, includes in the calculation only stores open in the more recent period that also were open during the comparable prior period, and applies to both periods the average exchange rate for the prior period and the same geographic area.

4

LUXOTTICA GROUP

 

CONSOLIDATED FINANCIAL HIGHLIGHTS
FOR THE THREE-MONTH PERIODS ENDED
MARCH 31, 2007 AND MARCH 31, 2006

 

 

KEY FIGURES IN THOUSANDS OF EURO(4)

 

		2007(6)		2006		% Change
NET SALES		1,299,825		1,217,923		6.7	%
NET INCOME FROM CONTINUING OPERATIONS(5)		128,257		106,630		20.3	%
NET INCOME		128,257		103,249		24.2	%
BASIC EARNINGS PER SHARE (ADS)(2):
FROM CONTINUING OPERATIONS(5)		0.28		0.24
TOTAL		0.28		0.23
FULLY DILUTED EARNINGS PER SHARE (ADS)(3):
FROM CONTINUING OPERATIONS(5)		0.28		0.23
TOTAL		0.28		0.23

 

KEY FIGURES IN THOUSANDS OF U.S. DOLLARS(1)(4)

		2007(6)		2006		% Change
NET SALES		1,703,551		1,464,309		16.3	%
NET INCOME FROM CONTINUING OPERATIONS(5)		168,094		128,201		31.1	%
NET INCOME		168,094		124,137		35.4	%
BASIC EARNINGS PER SHARE (ADS)(2):
FROM CONTINUING OPERATIONS(5)		0.37		0.28
TOTAL		0.37		0.27
FULLY DILUTED EARNINGS PER SHARE (ADS)(3):
FROM CONTINUING OPERATIONS(5)		0.37		0.28
TOTAL		0.37		0.27

 

Notes :		2007		2006
(1) Average exchange rate (in U.S. Dollars per Euro)		1.3106		1.2023
(2) Weighted average number of outstanding shares		453,990,312		452,023,786
(3) Fully diluted average number of shares		457,341,257		455,467,432
(4) Except earnings per share (ADS), which are expressed in Euro and U.S. Dollars, respectively
(5)  Results of Things Remembered, Inc., a former subsidiary that was sold in September 2006, are classified as discontinued operations and are not included in results from continuing operations for 2006
(6) The above financial statements have been prepared using U.S. generally accepted accounting principles and reflect our preliminary calculation of the effects of the adoption of Financial Accounting Standards Interpretation No. 48, “Accounting for Uncertainty in Income Tax - an interpretation of  FASB No. 109” (FIN 48), which is required to be adopted as of the beginning of our 2007 fiscal year.  The Company is continuing its determination of the impact of the adoption of such standard, which could include an adjustment to the recorded cumulative adjustment to shareholders’ equity as of the beginning of the period presented to give effect to the adoption and a change in the tax provision and tax assets and liabilities as currently reflected on the attached balance sheet and income statements.
Although the Company has not yet completed the determination of the impact of the adoption of FIN 48, any additional adjustments could have a material impact on our consolidated results of operations and financial position, including changes to our net income and earnings per share for the three months ended March 31, 2007 as reported in this press release.  Any effect of the updated calculation of adoption of FIN 48 will be included in our consolidated financial statements as of and for the three months ended March 31, 2007, to be furnished to the U.S. Securities and Exchange Commission on Form 6-K.

 

5

---

 

LUXOTTICA GROUP

 

CONSOLIDATED INCOME STATEMENT

FOR THE THREE-MONTH PERIODS ENDED

MARCH 31, 2007 AND MARCH 31, 2006

 

In thousands of Euro(1)		1Q07(3)		% of sales		1Q06(2)		% of sales		% Change
NET SALES		1,299,825		100.0	%	1,217,923		100.0	%	6.7	%
COST OF SALES		(416,894	)			(385,900	)
GROSS PROFIT		882,931		67.9	%	832,023		68.3	%	6.1	%
OPERATING EXPENSES:
SELLING EXPENSES		(404,906	)			(398,257	)
ROYALTIES		(34,491	)			(26,654	)
ADVERTISING EXPENSES		(85,463	)			(85,023	)
GENERAL AND ADMINISTRATIVE EXPENSES		(118,928	)			(111,242	)
TRADEMARK AMORTIZATION		(15,017	)			(14,109	)
TOTAL		(658,806	)			(635,285	)
OPERATING INCOME		224,125		17.2	%	196,737		16.2	%	13.9	%
OTHER INCOME (EXPENSE):
INTEREST EXPENSES		(17,837	)			(17,575	)
INTEREST INCOME		3,008				1,660
OTHER - NET		(378	)			(4,775	)
OTHER INCOME (EXPENSES)-NET		(15,207	)			(20,689	)
INCOME BEFORE PROVISION FOR INCOME TAXES		208,918		16.1	%	176,048		14.5	%	18.7	%
PROVISION FOR INCOME TAXES		(75,211	)			(65,137	)
INCOME BEFORE MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES		133,708				110,911
MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES		(5,451	)			(4,281	)
NET INCOME FROM CONTINUING OPERATIONS(2)		128,257		9.9	%	106,630		8.8	%	20.3	%
DISCONTINUED OPERATIONS						(3,381	)
NET INCOME		128,257		9.9	%	103,249		8.5	%	24.2	%
BASIC EARNINGS PER SHARE (ADS):
FROM CONTINUING OPERATIONS(1)(2)		0.28				0.24
TOTAL(1)		0.28				0.23
FULLY DILUTED EARNINGS PER SHARE (ADS):
FROM CONTINUING OPERATIONS(1)(2)		0.28				0.23
TOTAL(1)		0.28				0.23
WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES		453,990,312				452,023,786
FULLY DILUTED AVERAGE NUMBER OF SHARES		457,341,257				455,467,432

 

Notes :

(1) Except earnings per share (ADS), which are expressed in Euro

(2) Results of Things Remembered, Inc., a former subsidiary that was sold in September 2006, are classified as discontinued operations and are not included in results from continuing operations for 2006

(3) The above financial statements have been prepared using U.S. generally accepted accounting principles and reflect our preliminary calculation of the effects of the adoption of Financial Accounting Standards Interpretation No. 48, “Accounting for Uncertainty in Income Tax - an interpretation of  FASB No. 109” (FIN 48), which is required to be adopted as of the beginning of our 2007 fiscal year.  The Company is continuing its determination of the impact of the adoption of such standard, which could include an adjustment to the recorded cumulative adjustment to shareholders’ equity as of the beginning of the period presented to give effect to the adoption and a change in the tax provision and tax assets and liabilities as currently reflected on the attached balance sheet and income statements.

Although the Company has not yet completed the determination of the impact of the adoption of FIN 48, any additional adjustments could have a material impact on our consolidated results of operations and financial position, including changes to our net income and earnings per share for the three months ended March 31, 2007 as reported in this press release.  Any effect of the updated calculation of adoption of FIN 48 will be included in our consolidated financial statements as of and for the three months ended March 31, 2007, to be furnished to the U.S. Securities and Exchange Commission on Form 6-K.

6

LUXOTTICA GROUP 

CONSOLIDATED BALANCE SHEET
AS OF MARCH 31, 2007 AND DECEMBER 31, 2006

 

In thousands of Euro				March 31, 2007 (1)		December 31, 2006
CURRENT ASSETS:
CASH				349,079		339,122
ACCOUNTS RECEIVABLE				674,035		533,772
SALES AND INCOME TAXES RECEIVABLE				14,647		24,924
INVENTORIES				381,125		400,895
PREPAID EXPENSES AND OTHER				137,109		98,156
DEFERRED TAX ASSETS - CURRENT				107,695		87,947
TOTAL CURRENT ASSETS				1,663,690		1,484,816
PROPERTY, PLANT AND EQUIPMENT - NET				802,145		787,201
OTHER ASSETS
INTANGIBLE ASSETS - NET				2,570,876		2,524,976
INVESTMENTS				22,991		23,531
OTHER ASSETS				257,614		93,588
SALES AND INCOME TAXES RECEIVABLE				913		913
TOTAL OTHER ASSETS				2,852,394		2,643,008
TOTAL				5,318,229		4,915,025
CURRENT LIABILITIES:
BANK OVERDRAFTS				242,414		168,358
CURRENT PORTION OF LONG-TERM DEBT				363,862		359,527
ACCOUNTS PAYABLE				318,022		349,598
ACCRUED EXPENSES AND OTHER				396,940		374,718
ACCRUAL FOR CUSTOMERS’ RIGHT OF RETURN				18,019		17,881
INCOME TAXES PAYABLE				207,422		155,195
TOTAL CURRENT LIABILITIES				1,546,679		1,425,277
LONG-TERM LIABILITIES:
LONG-TERM DEBT				1,069,728		959,735
LIABILITY FOR TERMINATION INDEMNITIES				61,226		60,635
DEFERRED TAX LIABILITIES - NON-CURRENT				23,031		41,270
OTHER				223,741		181,888
TOTAL LONG-TERM LIABILITIES				1,377,726		1,243,528
COMMITMENTS AND CONTINGENCIES:
MINORITY INTERESTS IN CONSOLIDATED SUBSIDIARIES				36,539		30,371
SHAREHOLDERS’ EQUITY:
461,192,185 ORDINARY SHARES AUTHORIZED AND ISSUED - 454,757,399 SHARES OUTSTANDING				27,672		27,613
NET INCOME				128,257		424,286
RETAINED EARNINGS				2,201,355		1,763,950
TOTAL SHAREHOLDERS’ EQUITY				2,357,284		2,215,849
TOTAL				5,318,229		4,915,025

 

Notes:

(1)            The above financial statements have been prepared using U.S. generally accepted accounting principles and reflect our preliminary calculation of the effects of the adoption of Financial Accounting Standards Interpretation No. 48, “Accounting for Uncertainty in Income Tax - an interpretation of  FASB No. 109” (FIN 48), which is required to be adopted as of the beginning of our 2007 fiscal year. The Company is continuing its determination of the impact of the adoption of such standard, which could include an adjustment to the recorded cumulative adjustment to shareholders’ equity as of the beginning of the period presented to give effect to the adoption and a change in the tax provision and tax assets and liabilities as currently reflected on the attached balance sheet and income statements. Although the Company has not yet completed the determination of the impact of the adoption of FIN 48, any additional adjustments could have a material impact on our consolidated results of operations and financial position, including changes to our net income and earnings per share for the three months ended March 31, 2007 as reported in this press release.  Any effect of the updated calculation of adoption of  FIN 48  will be included in our consolidated financial statements as of and for the three months ended March 31, 2007, to be furnished to the U.S. Securities and Exchange Commission on Form 6-K.

7

---

 

LUXOTTICA GROUP

CONSOLIDATED FINANCIAL HIGHLIGHTS
FOR THE YEARS ENDED
MARCH 31, 2007 AND MARCH 31, 2006
- SEGMENTAL INFORMATION -

 

In thousands of Euro				Manufacturing and Wholesale		Retail		Inter-Segment Transactions and Corporate Adj.		Consolidated
2007
Net Sales				548,498		833,562		(82,235	)	1,299,825
Operating Income				151,010		101,383		(28,268	)	224,125
% of sales				27.5	%	12.2	%			17.2	%
Capital Expenditures				19,193		34,292				53,485
Depreciation & Amortization				15,319		29,479		9,954		54,751
Assets				2,132,553		1,411,723		1,773,954		5,318,229
2006 (1)
Net Sales				455,617		846,823		(84,517	)	1,217,923
Operating Income				118,433		116,896		(38,592	)	196,737
% of sales				26.0	%	13.8	%			16.2	%
Capital Expenditures				16,970		22,685				39,655
Depreciation & Amortization				13,219		27,454		9,022		49,695
Assets				1,717,330		1,295,981		2,012,705		5,026,016

 

Notes :

 

(1)            Results of Things Remembered, Inc., a former subsidiary that was sold in September 2006, are classified as discontinued operations and are not included in results of operations of 2006

8

LUXOTTICA GROUP

RECONCILIATION OF THE CONSOLIDATED INCOME STATEMENT

PREPARED IN ACCORDANCE WITH US GAAP AND IAS / IFRS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2007,
PURSUANT TO CONSOB REGULATION N. 27021 OF APRIL 7, 2000 AND IN ACCORDANCE WITH CONSOB
COMMUNICATION DME/5015175 DATED MARCH 10, 2005

 

CONSOLIDATED INCOME STATEMENT
FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2007

		US GAAP										IAS / IFRS
In thousands of Euro(1)		2007		IAS 19		IAS 38		IAS 39		Total IAS/IFRS		2007
				Employee benefit		Intangible Depreciation		Derivatives		Adjustment
NET SALES		1,299,825										1,299,825
COST OF SALES		(416,894	)	1,253						1,253		(415,641	)
GROSS PROFIT		882,931		1,253						1,253		884,184
OPERATING EXPENSES:
SELLING EXPENSES		(404,906	)									(404,906	)
ROYALTIES		(34,491	)									(34,491	)
ADVERTISING EXPENSES		(85,463	)			1,850				1,850		(83,613	)
GENERAL AND ADMINISTRATIVE EXPENSES		(118,928	)	899						899		(118,029	)
TRADEMARK AMORTIZATION		(15,017	)									(15,017	)
TOTAL		(658,806	)	899		1,850				2,749		(656,056	)
OPERATING INCOME		224,125		2,152		1,850				4,003		228,128
OTHER INCOME (EXPENSE):
INTEREST EXPENSES		(17,837	)					(917	)	(917	)	(18,754	)
INTEREST INCOME		3,008										3,008
OTHER - NET		(378	)									(378	)
OTHER INCOME (EXPENSES)-NET		(15,207	)					(917	)	(917	)	(16,124	)
INCOME BEFORE PROVISION FOR INCOME TAXES		208,918		2,152		1,850		(917	)	3,085		212,003
PROVISION FOR INCOME TAXES		(75,211	)	(764	)	(740	)	351		(1,153	)	(76,364	)
INCOME BEFORE MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES		133,708		1,388		1,110		(567	)	1,932		135,639
MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES		(5,451	)									(5,451	)
NET INCOME		128,257		1,388		1,110		(567	)	1,932		130,188
BASIC EARNINGS PER SHARE (ADS)(1)		0.28										0.29
FULLY DILUTED EARNINGS PER SHARE (ADS)(1)		0.28										0.28
WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES		453,990,312										453,990,312
FULLY DILUTED AVERAGE NUMBER OF SHARES		457,341,257										457,341,257

Notes :

(1) Except earnings per share (ADS), which are expressed in Euro

9

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	LUXOTTICA GROUP S.p.A.
	By:	/s/ Enrico Cavatorta
		ENRICO CAVATORTA
		CHIEF FINANCIAL OFFICER
DATE: April  25, 2007

 

10