Luxottica : net sales and adjusted net income up in the first half along with record free cash flow generation

Organizational synergies and the quality of the new trade policies impact first half results

Adjusted figures

• Group's adjusted net sales +1.6% to approximately Euro 4,828 million at constant exchange rates and -0.7% to Euro 4,719 million at current exchange rates
• Adjusted operating income +1.5% to approximately Euro 892 million at constant exchang ratesand -2.5% to Euro 857 million at current exchange rates
• Adjusted net income +5.6% to approximately Euro 554 million at constant exchange ratesand n+1.3% to Euro 532 million at current exchange rates

Reported figures

• Group's net sales +3.5% to approximately Euro 4,828 million at constant exchange ratesand +1.1% to Euro 4,719 million at current exchange rates
• Operating income -4.1% to approximately Euro 823 million at constant exchange ratesand - 8.2% to Euro 788 million at current exchange rates
• Net income -1.4% to approximately Euro 498 million at constant exchange ratesand -5.8% to Euro 476 million at current exchange rates

Record free cash flow generation to Euro 403 million

Reviewing expectations for FY 2016 due to the increasing market uncertainty

Milan (Italy), July 25, 2016 - The Board of Directors of Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX), a leader in the design, manufacture and distribution of fashion, luxury and sports eyewear, met today to review the consolidated net sales for the second quarter and preliminary results for the six months ended June 30, 2016, in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS).