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Essilor Reports Global Revenue Growth in 2016 Year End

The Board of Directors of Essilor International approved and released financial statements for the fiscal year 2016 on February 16.

While overall global revenue reached Euros 7.1 billion, a 5.9% increase, North America results lagged behind other regions, posting a modest 1.9% like for like revenue growth.

Specific comments regarding the Canadian results pointed to a fall in sales for Clearly™ offset by good performances by both Nikon and Shamir.  In Instruments, the company is looking to the acquisition of AXIS Medical to accelerate distribution of refractive instruments within Canada.

On the mega-merger, Huber Sagnières, Essilor International Chairman and CEO, said, “ the proposed combination with the Luxottica  group would enable the integration of lenses, frames and distribution to open up particularly exciting new prospects”.  The merger is planned to close in the back half of 2017.

Consumer media spend for brand building among consumers, along with innovation and partnerships will continue in 2017.  In 2016, consumer brand building expenditures were €209 million.  Heavy consumer brand expenditures are expected in 2017 with many new product extensions in the works.

 

SEE THE FULL statement here.

 

VisionWatch Canada Data for Q4 2016 Now Available

VuePoint has released the VisionWatch 4th Quarter 2016 consumer data on the Canadian optical market. The dataset represents the latest since the inception of the Canadian consumer panel in June 2015.

You can view the report details by clicking the link below:

Key Highlights:

  • Overall Canadian consumer usage of vision corrective devices and frequency of eye examinations remains steady and similar to levels in the US.
  • While many of the metrics are similar to the USA, if applying the 10:1 ratio, there are notable exceptions:
    • AR penetration rate in Canada remains substantially higher than in USA.
    • Contact Lens purchases in physical locations is 10 pts higher in Canada versus USA
    • Mass Merchants and Dept. Store sales of optical are much more developed in USA versus Canada
    • Sunwear sales in Retail Optical and Independents is much more developed in Canada versus USA
    • Purchase cycle for all products, including glasses, CLs and Readers is slightly higher in Canada

Click here to see the Quantitative Report Online

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Flexon is distributed by Marchon: www.marchon.com

Essilor Canada Improves Lives by Improving Sight in Quebec

Dedicated to improving lives by improving sight, a group of 104 employees from Essilor Canada and their partners: the Eye Disease Foundation, the Essilor Vision Foundation, the École d’optométrie de l’Université de Montréal and 6 volunteer optometrists have given back to the community in St-Jerome, Quebec, last January 12. Students from four primary schools were provided with a vision screening and free eyeglasses when needed.

This mission, organized in the framework of Essilor’s National Sales Meeting, allowed 253 St-Jerome students to benefit from a vision screening. Of these, 162 had good vision, 70 were referred to an optometrist for a more thorough examination and 21 had to make an urgent appointment with an optometrist.

Essilor has been organizing and participating into vision screenings for the last 20 years. It started with the general public, in the framework of the Bouquinistes du Saint-Laurent events, and then expanded in 2002 with the Opening Eyes program of the Special Olympics when Essilor became the official supplier of lenses for the Canadian athletes who participate in these events, where many employees also volunteer. In 2006, Essilor Canada became involved in the Join and See program of the Eye Disease Foundation, which brings vision screenings to primary schools in underprivileged neighborhoods, to provide organizational support as well as free lenses for children who need them. Vision screenings in primary schools also take place in British Columbia and Alberta.

Photo: One of the four groups of volunteer employees with two of the optometrists (in blue and in red in the centre of the picture)

Click here to read the full press release.

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