Essilor Achieving Revenue Targets in First Quarter of 2018

Tuesday, May 1 2018 | 13 h 08 min | Financial News, News, Press Release

Essilor announced that consolidated revenue for the first quarter of 2018 totaled €1,825 million ($2,282 million CAD), representing an increase of 3.8% in constant currency.

This included 2.9% growth in the Lenses & Optical Instruments division, driven by new products, instruments and e-commerce and 6.6% growth in the sunglasses and readers category. In North America, the lens business grew in the United States while declining slightly in Canada.

“Everyone at Essilor continued to execute our growth strategy during the first quarter in order to achieve our goal of eradicating poor vision around the globe. After this sound start to the year, notably thanks to good performances in sunwear and e-commerce, we are confident that we will meet our full year targets as the rollout of new products gathers pace over the next few months. Moreover, the combination with Luxottica will create new and exciting opportunities for consumers and the optical industry in the short and long term.” Commented Hubert Sagnières, Essilor Chairman and Chief Executive Officer.

Click HERE for the full press release.