Ray-Ban

Company Luxottica Group S.p.A.
Country Italy
Email n.a.
Telephone +39 800 343 5594

Market Segment Bridge
Core Business Eyewear

Ray-Ban Financial Report 2018

Luxottica Group S.p.A. Financial Report

Income Statement Trend

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Total Revenue

It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income.

Operating Margin

Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.

Net Profitability

It's a measure of a company's overall profitability, i.e. how much of its sales are converting to profit. The value given is the amount of sales needed to generate one currency unit of post tax profit. Negative values mean that the company has a negative level of post tax profit. The figure is about the latest fiscal year available.

Profit Ratio

It's a key measure of success. The profit ratio measures the amount of profit generated by each single currency unit of sales. The figure is about the latest fiscal year available.

Income Statement Highlights

in Millions of EUR	2018	2017	Δ 2018/2017	2016	Δ 2017/2016	2015	Δ 2016/2015	CAGR
Total Revenue
Cost of Sales
Gross Profit
Operating Income
Net Income

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Balance Sheet Highlights

in Millions of EUR	2018	2017	Δ 2018/2017	2016	Δ 2017/2016	2015	Δ 2016/2015	CAGR
Current Assets
Total Assets
Current Liabilities
Equity

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Luxottica Group S.p.A. Annual Report

Official Websites

Ray-Ban website

ray-ban.com

Ray-Ban ecommerce

remix.ray-ban.com/

Official Social Media

Brand Description

Establishment

Year

1937

City

Milan

Country

Italy

Founder

Lester Belisario

Designer

Team of designers

Profile

Ray-Bans were first created in 1936. Some years earlier, Lieutenant John A. Macready (an American test pilot) returned from a balloon flight, complained that the sun had permanently damaged his eyes, and contacted Bausch & Lomb asking them to create sunglasses that would provide protection and also look sophisticated. On May 7, 1937, Bausch & Lomb took out the patent, and the Aviator was made available to the public.The prototype, known as Anti-Glare, had a frame weighing 150 grams. They were made of gold-plated metal with green lenses made of mineral glass to filter out infrared and ultraviolet rays. Pilots in the United States Army Air Corps immediately adopted the sunglasses.The army wanted sunglasses that would protect the soldiers' eyes from harmful light while maintaining a stylish look.[citation needed] The Ray-Ban Aviator became a well-known style of sunglasses when General Douglas MacArthur landed on the beach in the Philippines in World War II, and photographers snapped several pictures of him wearing them.Ray-Bans were quickly seen outside the army. They quickly gained popularity through other wars[vague] and even made a debut in the movies. In 1952, Ray-Ban created another style, the Ray-Ban Wayfarer, this time with plastic frames, which became popular soon after its release. By 1962, Ray-Ban started to create impact-resistant lenses. It was not until ten years later when the United States of America made impact-resistant eye wear mandatory through the FDA regulation. Wayfarer sunglasses were seen on movie stars, TV stars, and musicians. Ray-Ban still remains a top designer in the sunglasses industry with its constant changes of color, frames, and lenses.