Essilor Nine Month Revenue up 6.6%

Wednesday, November 1 2017 | 00 h 00 min | Financial News, News, Press Release

Essilor International announced that consolidated revenue for the nine months ended September 30, 2017 totaled €5,661 million ($8,491 M Canadian), representing an increase of 6.6% in constant currency.

“Despite adverse economic and climate effects, Essilor remains focused on its mission of improving lives by improving sight. We are constantly delivering ever better visual health solutions, for instance the new Varilux® X series™ progressive lens, our ecommerce activities, and the inclusive business models deployed throughout the world. Essilor intends to build on the momentum of the third quarter between now and the end of this year while also making major strides in its proposed combination with Luxottica, creating the optimal conditions for a new chapter in its history to begin in 2018,” said Hubert Sagnières, Chairman and Chief Executive Officer of Essilor.

In North America, revenue increased by 2.3% like for like, despite natural disasters impacting the United States at the end of August and beginning of September.

Growth was moderate in Canada, while online sales continued to power ahead. Revenue at the ecommerce businesses rose 15% like-for-like, in line with the first half. In North America, sales were boosted by strong results for EyeBuyDirect™ and a return to growth for Clearly™ in the United States and Canada.

Click HERE for the full press release.