FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

November 8, 2006

COMMISSION FILE NO. 1 - 10421

LUXOTTICA GROUP S.p.A.

VIA CANTÙ 2, MILAN, 20123 ITALY
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x         Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7): o

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o                    No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82-         

Set forth below is the text of a press release issued on November 6, 2006.

Luxottica posts 19.3 percent rise in net income for the third quarter, once again increases guidance on full year results

Milan, Italy – November 6, 2006 - Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX), the global leader in the eyewear sector, today announced consolidated U.S. GAAP results for the three- and nine-month periods ended September 30, 2006.

Consolidated results for both periods reflect the sale of the Things Remembered business in September of this year, which is reported under U.S. GAAP as a discontinued operation. Consequently, results of the Things Remembered business for the three- and nine-month periods ended September 30, 2005 and 2006 are not included in the Group’s consolidated sales, operating income and net income from continuing operations reported today.

Financial highlights for the respective periods were as follows:

Third quarter of 2006(1)

·                  Consolidated sales: €1,120.4 million (+9.8%) (+13.8% excluding effect of exchange rates)

·                  Retail sales: €838.6 million (+4.8%); Retail comparable store sales(2): +6.0%

·                  Total wholesale sales: €359.5 million (+26.7%)

·                  Consolidated operating income: €186.5 million (+20.5%); Operating margin: 16.6%

·                  Retail operating income: €112.6 million (+8.8%); Retail operating margin: 13.4%

·                  Wholesale operating income: €88.0 million (+39.1%); Wholesale operating margin: 24.5%

·                  Consolidated net income from continuing operations(3): €107.0 million (+19.3%); Net margin: 9.6%

·                  Earnings per share: €0.24 (US$0.30 per ADS)

First nine months of 2006(4)

·                  Consolidated sales: €3,565.6 million (+15.1%)

·                  Retail sales: €2,525.0 million (+10.0%); Retail comparable store sales(5): +7.0%

·                  Total wholesale sales: €1,301.5 million (+33.0%)

·                  Consolidated operating income: €591.1 million (+30.7%); Operating margin: 16.6%

·                  Retail operating income: €345.5 million (+25.7%); Retail operating margin: 13.7%

·                  Wholesale operating income: €341.6 million (+47.7%); Wholesale operating margin: 26.2%

·                  Consolidated net income from continuing operations(6): €330.0 million (+29.6%); Net margin: 9.3%

·                  Earnings per share: €0.73 (US$0.91 per ADS)

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Andrea Guerra, chief executive officer of Luxottica Group, commented: “After nine months of extremely positive results, today our business is strong with both wholesale and retail on track to deliver a record year. Thanks to these results, today we are able to confirm our full year guidance of earnings per share (EPS) of between €0.93 and €0.94 even though our business no longer includes the results of Things Remembered, which historically has been contributing EPS of €0.03 on a yearly basis. Today this reflects an year-over-year growth in EPS from continuing operations of 28 percent.”

Mr. Guerra continued: “Cash flow generation was again one of the highlights of our results, with €129 million for the quarter.”

Consolidated results for the third quarter continued to be strong all around, in all regions and in both the wholesale and retail businesses. The Group continued to outpace the sector, gaining additional penetration in key markets as well as greater visibility for its portfolio of leading luxury and fashion brands. This resulted in further improvements in profitability, with operating margin rising significantly by 140 basis points to 16.6%.

The third quarter was a record period for the Group’s wholesale business, with sales to third parties – a key measure of the wholesale business – rising by 27.8% and operating margin up by 220 basis points to 24.5%, in line with all-time highs for the wholesale division. Main drivers of this performance were another exceptional quarter by Ray-Ban and the strength and further improved penetration of the Group’s luxury and fashion brands – mainly Bvlgari, Chanel, Dolce & Gabbana, Prada and Versace.

In the retail business, the Group enjoyed another quarter of particularly strong results, especially from operations in North America. LensCrafters posted another above-average quarter, while Sunglass Hut’s comparable store sales rose by over 6.0%. Similarly, Pearle Vision posted its first full year of growth, with comparable store sales up to mid-single digits and further improvements in profitability. In Asia-Pacific, the Group’s optical business posted a positive quarter. Overall, operating margin for all of the Group’s retail operations was a strong 13.4% for the quarter and 13.7% for the year-to-date period.

On September 30, 2006, Luxottica Group’s consolidated net outstanding debt was €1,299.8 million.

Results for the quarter and the year-to-date period reflect the impact of non-cash expenses for stock options(7) of €7.7 million and €28.7 million, respectively, compared with €5.8 million and €12.4 million for the comparable periods last year.

Luxottica Group’s consolidated results for the third quarter and first nine months of 2006 were approved today by its Board of Directors.

About Luxottica Group S.p.A.

Luxottica Group is a global leader in eyewear, with nearly 5,700 optical and sun retail stores in North America, Asia-Pacific, China and Europe and a strong brand portfolio that includes Ray-Ban, the best selling sun and prescription eyewear brand in the world, as well as, among others, license brands Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Prada,

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Versace and Polo Ralph Lauren, beginning January 2007, and key house brands Vogue, Persol, Arnette and REVO. In addition to a global wholesale network that touches 130 countries, the Group manages leading retail brands such as LensCrafters and Pearle Vision in North America, OPSM and Laubman & Pank in Asia-Pacific, and Sunglass Hut globally. The Group’s products are designed and manufactured in six Italy-based high-quality manufacturing plants and in the only two China-based plants wholly-owned by a premium eyewear manufacturer. For fiscal year 2005, Luxottica Group (NYSE: LUX; MTA: LUX) posted consolidated net sales of €4.4 billion. Additional information on the Group is available at www.luxottica.com.

Safe Harbor Statement

Certain statements in this press release may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those which are anticipated. Such risks and uncertainties include, but are not limited to, fluctuations in exchange rates, economic and weather factors affecting consumer spending, the ability to successfully introduce and market new products, the availability of correction alternatives to prescription eyeglasses, the ability to successfully launch initiatives to increase sales and reduce costs, the ability to effectively integrate recently acquired businesses, including Cole National, risks that expected synergies from the acquisition of Cole National will not be realized as planned and that the combination of Luxottica Group’s managed vision care business with Cole National will not be as successful as planned, as well as other political, economic and technological factors and other risks referred to in Luxottica Group’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date hereof and, under U.S. securities regulation, Luxottica Group does not assume any obligation to update them.

Company media and investor relations contacts

Luxottica Group S.p.A.

Luca Biondolillo, Head of Communications

Tel.: +39 (02) 8633 4062

Email: LucaBiondolillo@Luxottica.com

Alessandra Senici, Senior Manager, Investor Relations

Tel.: +39 (02) 8633 4069

Email: AlessandraSenici@Luxottica.com

– TABLES TO FOLLOW –

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(1) All comparisons, including percentage changes, are between the three-month periods ended September 30, 2006 and 2005

(2) Comparable store sales reflects the change in sales from one period to another that, for comparison purposes, includes in the calculation only stores open in the more recent period that also were open during the comparable prior period, and applies to both periods the average exchange rate for the prior period and the same geographic area.

(3) Figures exclude the results of Things Remembered, a discontinued operation.

(4) All comparisons, including percentage changes, are between the nine-month periods ended September 30, 2006 and 2005

(5) Comparable store sales reflects the change in sales from one period to another that, for comparison purposes, includes in the calculation only stores open in the more recent period that also were open during the comparable prior period, and applies to both periods the average exchange rate for the prior period and the same geographic area.

(6) Figures exclude the results of Things Remembered, a discontinued operation.

(7) The non-cash expenses for stock options for the three- and nine-month periods ended September 30, 2006, resulted from the application of SFAS 123 (R).

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LUXOTTICA GROUP

 

CONSOLIDATED FINANCIAL HIGHLIGHTS
FOR THE THREE-MONTH PERIODS ENDED
SEPTEMBER 30, 2006 AND SEPTEMBER 30, 2005

KEY FIGURES IN THOUSANDS OF EURO  (4)

		2006		2005		% Change
NET SALES		1,120,380		1,020,629		9.8	%
NET INCOME FROM CONTINUING OPERATIONS (5)		107,041		89,754		19.3	%
NET INCOME		104,126		89,309		16.6	%
BASIC EARNINGS PER SHARE (ADS) (2):
FROM CONTINUING OPERATIONS (5)		0.24		0.20
TOTAL		0.23		0.20
FULLY DILUTED EARNINGS PER SHARE (ADS) (3):
FROM CONTINUING OPERATIONS (5)		0.23		0.20
TOTAL		0.23		0.20

 

KEY FIGURES IN THOUSANDS OF U.S. DOLLARS  (1) (4)

		2006		2005		% Change
NET SALES		1,427,700		1,244,861		14.7	%
NET INCOME FROM CONTINUING OPERATIONS (5)		136,402		109,473		24.6	%
NET INCOME		132,688		108,931		21.8	%
BASIC EARNINGS PER SHARE (ADS) (2):
FROM CONTINUING OPERATIONS (5)		0.30		0.24
TOTAL		0.29		0.24
FULLY DILUTED EARNINGS PER SHARE (ADS) (3):
FROM CONTINUING OPERATIONS (5)		0.30		0.24
TOTAL		0.29		0.24

 

 

 

Notes :
		2006		2005
(1) Average exchange rate (in U.S. Dollars per Euro)		1.2743		1.2197
(2) Weighted average number of outstanding shares		453,121,133		450,359,614
(3) Fully diluted average number of shares		456,263,730		453,829,742

(4) Except earnings per share (ADS), which are expressed in Euro and U.S. Dollars, respectively

(5) Results of Things Remembered, Inc., a former subsidiary that was sold in September 2006, are classified as discontinued operations and are not included in results from continuing operations for 2006 or 2005

 

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LUXOTTICA GROUP

 

CONSOLIDATED FINANCIAL HIGHLIGHTS
FOR THE NINE-MONTH PERIODS ENDED
SEPTEMBER 30, 2006 AND SEPTEMBER 30, 2005

KEY FIGURES IN THOUSANDS OF EURO  (4)

		2006		2005		% Change
NET SALES		3,565,603		3,099,002		15.1	%
NET INCOME FROM CONTINUING OPERATIONS (5)		329,962		254,679		29.6	%
NET INCOME		328,597		256,715		28.0	%
BASIC EARNINGS PER SHARE (ADS) (2):
FROM CONTINUING OPERATIONS (5)		0.73		0.57
TOTAL		0.73		0.57
FULLY DILUTED EARNINGS PER SHARE (ADS) (3):
FROM CONTINUING OPERATIONS (5)		0.72		0.56
TOTAL		0.72		0.57

 

KEY FIGURES IN THOUSANDS OF U.S. DOLLARS  (1) (4)

		2006		2005		% Change
NET SALES		4,437,036		3,913,110		13.4	%
NET INCOME FROM CONTINUING OPERATIONS (5)		410,605		321,583		27.7	%
NET INCOME		408,906		324,151		26.1	%
BASIC EARNINGS PER SHARE (ADS) (2):
FROM CONTINUING OPERATIONS (5)		0.91		0.71
TOTAL		0.90		0.72
FULLY DILUTED EARNINGS PER SHARE (ADS) (3):
FROM CONTINUING OPERATIONS (5)		0.90		0.71
TOTAL		0.90		0.72

 

Notes :
		2006		2005
(1) Average exchange rate (in U.S. Dollars per Euro)		1.2444		1.2627
(2) Weighted average number of outstanding shares		452,665,455		449,805,613
(3) Fully diluted average number of shares		455,896,985		452,757,366

(4) Except earnings per share (ADS), which are expressed in Euro and U.S. Dollars, respectively

(5) Results of Things Remembered, Inc., a former subsidiary that was sold in September 2006, are classified as discontinued operations and are not included in results from continuing operations for 2006 or 2005

 

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LUXOTTICA GROUP

 

CONSOLIDATED INCOME STATEMENT
FOR THE THREE-MONTH PERIODS ENDED
SEPTEMBER 30, 2006 AND SEPTEMBER 30, 2005

In thousands of Euro  (1)		3Q06		% of sales		3Q05		% of sales		% Change
NET SALES		1,120,380		100.0	%	1,020,629		100.0	%	9.8	%
COST OF SALES		(330,262	)			(309,589	)
GROSS PROFIT		790,118		70.5	%	711,040		69.7	%	11.1	%
OPERATING EXPENSES:
SELLING EXPENSES		(373,887	)			(364,924	)
ROYALTIES		(20,578	)			(14,020	)
ADVERTISING EXPENSES		(76,311	)			(62,494	)
GENERAL AND ADMINISTRATIVE EXPENSES		(116,797	)			(102,477	)
TRADEMARK AMORTIZATION		(16,066	)			(12,314	)
TOTAL		(603,638	)			(556,230	)
OPERATING INCOME		186,480		16.6	%	154,810		15.2	%	20.5	%
OTHER INCOME (EXPENSE):
INTEREST EXPENSES		(18,820	)			(17,409	)
INTEREST INCOME		2,529				972
OTHER - NET		(2,523	)			912
OTHER INCOME (EXPENSES) - NET		(18,815	)			(15,525	)
INCOME BEFORE PROVISION FOR INCOME TAXES		167,665		15.0	%	139,285		13.6	%	20.4	%
PROVISION FOR INCOME TAXES		(58,851	)			(48,723	)
INCOME BEFORE MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES		108,814				90,561
MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES		(1,773	)			(808	)
NET INCOME FROM CONTINUING OPERATIONS (2)		107,041		9.6	%	89,754		8.8	%	19.3	%
DISCONTINUED OPERATIONS		(2,915	)			(444	)
NET INCOME		104,126		9.3	%	89,309		8.8	%	16.6	%
BASIC EARNINGS PER SHARE (ADS):
FROM CONTINUING OPERATIONS (1) (2)		0.24				0.20
TOTAL (1)		0.23				0.20
FULLY DILUTED EARNINGS PER SHARE (ADS):
FROM CONTINUING OPERATIONS (1) (2)		0.23				0.20
TOTAL (1)		0.23				0.20
WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES		453,121,133				450,359,614
FULLY DILUTED AVERAGE NUMBER OF SHARES		456,263,730				453,829,742

 

Notes :

(1) Except earnings per share (ADS), which are expressed in Euro

(2) Results of Things Remembered, Inc., a former subsidiary that was sold in September 2006, are classified as discontinued operations and are not included in results from continuing operations for 2006 or 2005

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LUXOTTICA GROUP

 

CONSOLIDATED INCOME STATEMENT
FOR THE NINE-MONTH PERIODS ENDED
SEPTEMBER 30, 2006 AND SEPTEMBER 30, 2005

In thousands of Euro  (1)		2006		% of sales		2005		% of sales		% Change
NET SALES		3,565,603		100.0	%	3,099,002		100.0	%	15.1	%
COST OF SALES		(1,090,581	)			(980,245	)
GROSS PROFIT		2,475,022		69.4	%	2,118,757		68.4	%	16.8	%
OPERATING EXPENSES:
SELLING EXPENSES		(1,156,794	)			(1,073,927	)
ROYALTIES		(76,196	)			(48,548	)
ADVERTISING EXPENSES		(255,517	)			(206,176	)
GENERAL AND ADMINISTRATIVE EXPENSES		(351,635	)			(300,018	)
TRADEMARK AMORTIZATION		(43,819	)			(37,912	)
TOTAL		(1,883,960	)			(1,666,581	)
OPERATING INCOME		591,062		16.6	%	452,176		14.6	%	30.7	%
OTHER INCOME (EXPENSE):
INTEREST EXPENSES		(54,201	)			(49,142	)
INTEREST INCOME		6,128				4,188
OTHER - NET		(12,628	)			9,337
OTHER INCOME (EXPENSES) - NET		(60,701	)			(35,617	)
INCOME BEFORE PROVISION FOR INCOME TAXES		530,362		14.9	%	416,558		13.4	%	27.3	%
PROVISION FOR INCOME TAXES		(193,049	)			(154,127	)
INCOME BEFORE MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES		337,313				262,432
MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES		(7,351	)			(7,753	)
NET INCOME FROM CONTINUING OPERATIONS (2)		329,962		9.3	%	254,679		8.2	%	29.6	%
DISCONTINUED OPERATIONS		(1,365	)			2,036
NET INCOME		328,597		9.2	%	256,715		8.3	%	28.0	%
BASIC EARNINGS PER SHARE (ADS):
FROM CONTINUING OPERATIONS (1) (2)		0.73				0.57
TOTAL (1)		0.73				0.57
FULLY DILUTED EARNINGS PER SHARE (ADS):
FROM CONTINUING OPERATIONS (1) (2)		0.72				0.56
TOTAL (1)		0.72				0.57
WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES		452,665,455				449,805,613
FULLY DILUTED AVERAGE NUMBER OF SHARES		455,896,985				452,757,366

 

Notes :

(1) Except earnings per share (ADS), which are expressed in Euro

(2) Results of Things Remembered, Inc., a former subsidiary that was sold in September 2006, are classified as discontinued operations and are not included in results from continuing operations for 2006 or 2005

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LUXOTTICA GROUP

 

CONSOLIDATED BALANCE SHEET
AS OF SEPTEMBER 30, 2006 AND DECEMBER 31, 2005

In thousands of Euro		September 30, 2006		December 31, 2005  (1) (2)
CURRENT ASSETS:
CASH		400,887		367,461
ACCOUNTS RECEIVABLE		539,979		461,353
SALES AND INCOME TAXES RECEIVABLE		22,425		45,823
INVENTORIES		383,254		370,289
PREPAID EXPENSES AND OTHER		102,478		87,581
DEFERRED TAX ASSETS - CURRENT		112,088		89,781
ASSETS HELD FOR SALE		10,847		182,296
TOTAL CURRENT ASSETS		1,571,958		1,604,584
PROPERTY, PLANT AND EQUIPMENT - NET		739,617		705,166
OTHER ASSETS
INTANGIBLE ASSETS - NET		2,531,289		2,602,469
INVESTMENTS		22,632		15,832
OTHER ASSETS		100,393		44,741
SALES AND INCOME TAXES RECEIVABLES		729		730
TOTAL OTHER ASSETS		2,655,043		2,663,772
TOTAL		4,966,618		4,973,522
CURRENT LIABILITIES:
BANK OVERDRAFTS		264,135		275,956
CURRENT PORTION OF LONG-TERM DEBT		314,214		110,978
ACCOUNTS PAYABLE		296,763		281,348
ACCRUED EXPENSES AND OTHER		356,886		379,166
ACCRUAL FOR CUSTOMERS’ RIGHT OF RETURN		17,974		7,799
INCOME TAXES PAYABLE		184,092		133,382
LIABILITIES HELD FOR SALE				47,092
TOTAL CURRENT LIABILITIES		1,434,064		1,235,721
LONG TERM LIABILITIES:
LONG-TERM DEBT		1,122,340		1,417,931
LIABILITY FOR TERMINATION INDEMNITIES		60,515		56,600
DEFERRED TAX LIABILITIES - NON-CURRENT		62,516		116,639
OTHER		156,020		179,120
TOTAL LONG-TERM LIABILITIES		1,401,391		1,770,289
COMMITMENTS AND CONTINGENCIES:
MINORITY INTERESTS IN CONSOLIDATED SUBSIDIARIES		9,312		13,478
SHAREHOLDERS’ EQUITY:
459,824,773 ORDINARY SHARES AUTHORIZED AND ISSUED - 453,389,987 SHARES OUTSTANDING		27,589		27,479
NET INCOME		328,597		342,294
RETAINED EARNINGS		1,765,665		1,584,260
TOTAL SHAREHOLDERS’ EQUITY		2,121,851		1,954,033
TOTAL		4,966,618		4,973,522

 

Notes :

(1) Certain amounts of 2005 have been reclassified to conform to 2006 presentation

(2) Results of Things Remembered, Inc., a former subsidiary that was sold in September 2006, are classified as assets and liabilities held for sale in the balance sheet for December 31, 2005

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LUXOTTICA GROUP

 

CONSOLIDATED FINANCIAL HIGHLIGHTS
FOR THE NINE-MONTH PERIODS ENDED
SEPTEMBER 30, 2006 AND SEPTEMBER 30, 2005
- SEGMENTAL INFORMATION -

 

In thousands of Euro		Manufacturing and Wholesale		Retail		Inter-Segment Transactions and Corporate Adj.		Consolidated
2006
Net Sales		1,301,533		2,524,996		(260,926	)	3,565,603
EBITDA (1)		383,199		428,105		(67,432	)	743,873
% of sales		29.4	%	17.0	%			20.9	%
Operating income		341,615		345,515		(96,068	)	591,062
% of sales		26.2	%	13.7	%			16.6	%
Capital Expenditures		65,658		96,012				161,669
Depreciation & Amortization		41,584		82,590		28,637		152,811
Assets		1,776,446		1,312,726		1,877,446		4,966,618
2005  (2) (3)
Net Sales		978,928		2,295,650		(175,576	)	3,099,002
EBITDA (1)		267,741		351,781		(30,702	)	588,820
% of sales		27.4	%	15.3	%			19.0	%
Operating income		231,310		274,797		(53,931	)	452,176
% of sales		23.6	%	12.0	%			14.6	%
Capital Expenditures		65,005		79,560				144,566
Depreciation & Amortization		36,431		76,984		23,229		136,645
Assets		1,591,005		1,213,261		2,064,259		4,868,526

 

Notes :

(1) EBITDA is the sum of Operating Income and Depreciation & Amortization

(2) Results of Things Remembered, Inc., a former subsidiary that was sold in September 2006, are classified as discontinued operations and are not included in results of operations of 2006 or 2005

(3) Certain amounts of 2005 have been reclassified to conform to 2006 presentation

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LUXOTTICA GROUP

RECONCILIATION OF THE CONSOLIDATED INCOME STATEMENT
PREPARED IN ACCORDANCE WITH US GAAP AND IAS / IFRS
FOR THE PERIOD ENDED SEPTEMBER 30, 2006,
PURSUANT TO CONSOB REGULATION N. 27021 OF APRIL 7, 2000 AND IN ACCORDANCE WITH CONSOB
COMMUNICATION DME/5015175 DATED MARCH 10, 2005.

 

CONSOLIDATED INCOME STATEMENT

FOR THE PERIOD ENDED SEPTEMBER 30, 2006

		US GAAP		IFRS 2		IAS 19		IAS 38		IAS 39		Other		Total IAS/IFRS		IAS / IFRS
In thousands of Euro (1)		2006		Stock option		Tfr & Pension		Intangibles		Derivatives		adjs		Adjustment		2006
NET SALES		3,565,603										534		534		3,566,137
COST OF SALES		(1,090,581	)			2,493						1,414		3,907		(1,086,674	)
GROSS PROFIT		2,475,022				2,493						1,948		4,441		2,479,463
OPERATING EXPENSES:
SELLING EXPENSES		(1,156,794	)									314		314		(1,156,479	)
ROYALTIES		(76,196	)									145		145		(76,051	)
ADVERTISING EXPENSES		(255,517	)					2,067				815		2,882		(252,635	)
GENERAL AND ADMINISTRATIVE EXPENSES		(351,635	)	(553	)	3,091						434		2,972		(348,663	)
TRADEMARK AMORTIZATION		(43,819	)													(43,819	)
TOTAL		(1,883,960	)	(553	)	3,091		2,067				1,708		6,313		(1,877,647	)
OPERATING INCOME		591,062		(553	)	5,584		2,067				3,656		10,754		601,816
OTHER INCOME (EXPENSE):
INTEREST EXPENSES		(54,201	)							(300	)			(300	)	(54,501	)
INTEREST INCOME		6,128														6,128
OTHER - NET		(12,628	)													(12,628	)
OTHER INCOME (EXPENSES) NET		(60,701	)							(300	)			(300	)	(61,000	)
INCOME BEFORE PROVISION FOR INCOME TAXES		530,362		(553	)	5,584		2,067		(300	)	3,656		10,454		540,816
PROVISION FOR INCOME TAXES		(193,049	)			(2,194	)	(806	)	99		(5,721	)	(8,623	)	(201,671	)
INCOME BEFORE MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES		337,313		(553	)	3,390		1,261		(201	)	(2,065	)	1,832		339,145
MINORITY INTEREST IN INCOME OF CONSOLIDATED SUBSIDIARIES		(7,351	)													(7,351	)
NET INCOME FROM CONTINUING OPERATIONS (2)		329,962		(553	)	3,390		1,261		(201	)	(2,065	)	1,832		331,794
DISCONTINUED OPERATIONS		(1,365	)													(1,365	)
NET INCOME		328,597		(553	)	3,390		1,261		(201	)	(2,065	)	1,832		330,429
BASIC EARNINGS PER SHARE (ADS):
FROM CONTINUING OPERATIONS (1) (2)		0.73														0.73
TOTAL (1)		0.73														0.73
FULLY DILUTED EARNINGS PER SHARE (ADS):
FROM CONTINUING OPERATIONS (1) (2)		0.72														0.73
TOTAL (1)		0.72														0.72
WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES		452,665,455														452,665,455
FULLY DILUTED AVERAGE NUMBER OF SHARES		455,896,985														456,027,393

 

Notes :

(1) Except earnings per share (ADS), which are expressed in Euro

(2) Results of Things remembered, Inc., a former subsidiary that was sold in September 2006, are classified as discontinued operations and are not included in results of operations from continuing operations for 2006 and 2005

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