Essilor Reports Strong Sales Growth in Q1 and Plan Greater Media Spending
Monday, April 27 2015 | 00 h 00 min | Financial News
Essilor International reported an overall 25.4% sales gains to €1,659 million for Quarter 1, or 12.8% excluding the favourable currency effect. Lenses and Optical instruments matched the overall growth rate, posting a 25.3% increase versus last year.
North America, Essilor’s largest market, posted strong gains, up 39.2% or 21.3% without the effect of currency.
In comments to analysts, Essilor CEO Hubert Sagnières, indicated a significant increase in consumer media spending in Quarter 2 and increased new product launch activity, including EyeZen, a lens for relaxing the eyes when viewing digital devices that Essilor will release first in France.