Essilor like-for-like revenue increases 2.5%

The ophthalmic equipment manufacturer has issued its financial statement for the last six months, ending 30 June

29 Jul 2017 by Andrew McClean

Revenue increased by 2.5% in like-for-like terms to £3,496 million (€3,909m) at Essilor in the first half of this year. Adjusted contributions from operations amounted to 18.4% of revenue.

The French company reported an operating profit of £599 million (€670m), which is an increase of 3.7% compared to the six-month period to 30 June 2016.

There was like-for-like revenue growth of 2.7% in the lenses and optical instruments division of the company, as a result of a “resilient performance in Europe supported by the recent Eye Protect System and Varilix X series launches,” the company stated.

Chairman and chief executive officer of Essilor, Hubert Sagnières, said: “Worldwide demand for better vision continues to grow and the strength of our business model, based on innovation, acquisitions and partnerships was demonstrated through continued progression in our results.”

The chairman revealed that Essilor is currently finalising the agreement to combine with eyewear company Luxottica, and that the company is confident and enthusiastic about the opportunities for growth.

For the rest of the year, Essilor anticipates full-year revenue growth of 3% on a like-for-like basis. The adjusted contribution from operations is expected to be at 18.5% of revenue.


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