CHAIRMAN'S LETTER
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 financial 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 diversified geographical presence of the Group and its solid financial condition.
During the course of 2009, our Group once again attained excellent results: sales totaled Euro 5.1 billion, essentially the same level as the previous year when we achieved the best results in our history.
