LensCrafters 2009 Annual Report Download - page 7

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5 <
CHAIRMAN’S
LETTER TO
SHAREHOLDERS
Dear Shareholders,
2009 was an important year - one of the most challenging in the history of our Company - from which
Luxottica emerged stronger thanks to the effectiveness of our integrated business model. We achieved
positive fi nancial and operating results.
In particular, Luxottica managed to increase its penetration in all major markets during the course of
the year despite a contraction in its target markets. This was achieved by implementing actions to stimulate
sales and by the strength of two powerful brands, Ray-Ban and Oakley, as well as the diversifi ed geographi-
cal presence of the Group and its solid fi nancial condition.
During the course of 2009, our Group once again attained excellent results: sales totaled Euro 5.1 bil-
lion, essentially the same level as the previous year when we achieved the best results in our history.
The Euro 315 million of net income, attained in a diffi cult period, represent a positive result which we
are pleased to share with all of you by means of a dividend equal to Euro 0.35 per share, a 59% increase
compared to the previous year.
This result is due to the strength of our business model based on the combination between an effi cient
production system, a world-class brand portfolio, a widespread wholesale distribution network and more
than 6,200 stores across the world. All of these elements - together with a constant focus on our fi nancial
condition - provide the best conditions for growth in 2010, in terms of revenues and - more than propor-
tionally - profi tability and net income.
2009 was a challenging year but we are convinced that we have made our Company even more solid
and effi cient in addition to laying the foundation for the long-term growth of Luxottica.
The year which just passed was also very important for our OneSight Foundation, which - during the
course of a clinic in Australia in 2009 - achieved the important milestone of helping 7 million people over
20 years of service across the world.
OneSight is an initiative of which we are particularly proud and with which we identify. We applaud the
efforts put forth by Luxottica volunteers - the recovery of eyewear, participation in clinics which distribute
eyewear free of charge, the prevention of eyesight diseases and support for research - which contribute
to visual health and the quality of life of individuals around the world, both of which are priority objectives
for Luxottica.
April 2010
Leonardo Del Vecchio
Chairman