LensCrafters 2015 Annual Report Download - page 30

Management Report as of December 31, 2015 Page 26 of 35
In 2016, consistent with the results achieved over the past five years, we expect solid revenue growth at constant exchange
rates and our annual profitability to grow at a rate that is more than proportional to sales growth. The Group expects to
benefit from continued development across its various businesses in new and established markets, with notable
contributions from Ray-Ban, Oakley and Sunglass Hut.
Looking forward, we will continue to drive innovation and develop new competencies and innovation. Long-term drivers
include Luxottica’s strong brand portfolio and service levels, further penetration of premium sunglasses, global expansion
of new sales channels and the Group’s presence in emerging markets.
10. SUBSEQUENT EVENTS
For a description of significant events after December 31, 2015 please refer to Note 37 of the footnotes of the consolidated
financial statements as of December 31, 2015.
11. ADAPTATION TO THE ARTICLES 36-39 OF THE REGULATED MARKET
Articles 36 – 39 of the regulated markets applies to 46 entities based on the financial statements as of December 31, 2015,
in particular the Group:
1 applies to all the Extra European Union subsidiaries, internal procedures under which it is requested that all
Group companies release a quarterly representation letter that contains a self-certification of the completeness
of the accounting information and controls in place, necessary for the preparation of the consolidated financial
statements of the parent;
1 ensures that subsidiaries outside of Europe also declare in these representation letters their commitment to
provide auditors of the Company with the information necessary to conduct their monitoring of the parent’s
annual and interim period financial statements;
1 as set out in Part III, Title II, Chapter II, Section V of Regulation No. 11971/1999 and subsequent
amendments, makes available the balance sheet and income statement of the aforementioned subsidiaries
established in states outside the European Union, used to prepare the consolidated financial statements.
12. OTHER INFORMATION
As required by Section 2428 of the Italian Civil Code, it is reported that:
1 The Group carries out research and development activities in relation to production processes in order to
improve their quality and increase their efficiency. The costs incurred for research and development are
immaterial.