EssilorLuxottica
announced that consolidated revenue including GrandVision (consolidated since
July 1, i.e. for the third quarter only) totalled Euro 14,241 million in the
first nine months of the year. On a comparable basis, consolidated revenue
amounted to Euro 5,465 million in the third quarter and Euro 15,918 million in
the nine months, +9.3% and +6.2% respectively at constant exchange rates versus
the same periods of 2019.
Francesco Milleri and Paul du Saillant,
CEO and Deputy CEO of EssilorLuxottica, said: “We are proud of the revenue performance
our Company delivered in the third quarter of the year, keeping the pace of the
fast recovery already posted in the second quarter. Including GrandVision, in
its first quarter of consolidation into the Group, EssilorLuxottica’s
comparable revenue grew even faster, at 9.3% versus pre-COVID levels at
constant exchange rates.
Moreover,
while accelerating in revenue, our Company has materially expanded its margins,
proving to which extent it can operationally leverage the business growth. This
has led us to upgrade once again our outlook for the full year, now pointing to
a more material operating margin lift. Such a sound performance is driven by
the Company’s omnichannel and open business model, its new integrated
commercial initiatives and its rich innovation pipeline, all at the heart of
its long-term strategy.
In the context of the World Sight Day, celebrated on October 14, we’re
also pleased to highlight all the initiatives the Company put in place in many
different geographies to give vision a voice, while its ‘Eyes on the Planet’
sustainability program continues to progress nicely, based on the five pillars
of carbon, circularity, world sight, inclusion and ethics.”
Click HERE for the full press release.