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UPDATE 2-Luxottica Q1 net down, Q2 start more positive

Thu May 7, 2009 11:24pm IST
 
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* Q1 net sales down 6.2 pct

* Q2 has begun more positively than trend of last few months

* April sales results ahead of last year

(Adds quotes from conference call, details)

By Marie-Louise Gumuchian

MILAN, May 7 (Reuters) - Italian eyewear maker Luxottica (LUX.MI: Quote, Profile, Research) posted a 22.5 percent fall in first-quarter net profit on Thursday as the slowdown hit demand, but said the second quarter had started better than the trend of the previous few months.

Luxottica, whose glasses and sunglasses brands include Prada and Ray-Ban, said in a statement net sales fell 6.2 percent to 1.312 billion euros ($1.75 billion).

Net income was 80.4 million euros.  Continued...

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