Essilor Delivers Strong Second Quarter Growth
Friday, August 17 2018 | 10 h 07 min | Financial News, Press Release
Consolidated revenue reached €3,726 million in the first half of 2018, an increase of 4.4% at constant exchange rates including 4.0% in like-for-like terms.
Revenue growth of 4.1% in constant currency at the Lenses & Optical Instruments division, highlighted by the success of new branded lenses, notably Varilux® X series in the United States, Crizal® Sapphire 360° in the United States and in Europe and EyezenTM around the world.
Transitions sales through their own networks grew at 6%, and the Sunglasses and Readers division grew at 8%.
Commenting on these results, Hubert Sagnières, Chairman and Chief Executive Officer of Essilor, said: “Essilor delivered solid results in all regions and divisions in the first half of 2018, while at the same time preparing for its proposed combination with Luxottica. This performance reflects the mobilization of our teams around a powerful and unique mission: “Improving lives by improving sight”. This translates into a clear growth strategy with an aim to improve and protect the vision of more than 7 billion people around the world with solutions for consumers with any level of means. Our innovations are particularly appreciated in many countries where needs remain significant, from the United States and China to Brazil and elsewhere. This allows us to continue investing more in the future well-being of populations, and increases our confidence in the future.”
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