The integration of Oakley into Luxottica's wholesale operations allowed the group to improve its operating margins, but the management has indicated that a sales turnaround for the brand is not expected until the second half of this year. The measures taken at Oakley and other improvements in efficiency led the Italian group to raise the adjusted operating margin of its wholesale operations by 0.2 percentage points to 24.1 percent in the past year, reaching the highest profitability level since 2008. Conversely, the operating margin of the group's retail business narrowed by 1.0 percent points to 13.7 percent to due investments in digitalization and retail expansion. The adjusted net profit of the group rose by 3.3 percent to a record €882 million. the group's revenues were up by 2.8 percent to €9,086 million, with an increase of 3.9 percent on a currency-neutral basis. More in Eyewear Intelligence.

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