In North America revenue increased by 8.5% to Euro 9,154 million (+3.1% at constant exchange rates2). The transaction has been unconditionally cleared so far in the United States, Russia and Colombia, and it is currently under review also in Brazil, Chile, Mexico and Turkey. Charenton-le-Pont, France (July 26, 2018 – 6:30 am) – The Essilor International (Compagnie Générale d’Optique) 2018 Interim Financial Report is being published today. The European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica. This also includes, to a lesser extent, price supplements on acquisitions completed prior to 2019. The Equipment division grew by 2% at constant exchange rates2 with a mix of solid market trends in Europe, Latin America and Asia offset by a slowdown in the capital investment cycle in other developed markets, partly due to industry consolidation. The Lenses & Optical Instruments division was a major contributor to the regional performance. * PDF or Word document The following table provides a reconciliation of those non-GAAP measures to the most directly comparable IFRS financial measures. Annual Reports & Proxy. The Lenses & Optical Instruments division grew by 5.5% at constant exchange rates2 in 2019, for total sales of Euro 6,791 million. The company has been plagued by a power struggle since French lens-maker Essilor International Inc. agreed to combine with Italian counterpart Luxottica Group SpA in 2017. The key market of Brazil kept the positive momentum it showed throughout the entire year, made of high-single digit growth in Wholesale, boosted by STARS and Óticas Carol (reaching 1,335 franchise locations), as well as double- digit growth in Retail, primarily sustained by SGH. This translated into strong revenue, free cash flow and net profit growth, in line with guidance. Valoptec’s presence on the Essilor Board, and continuous dialogue with the company’s senior managers, a diverse international base of employee shareholders today actively participate in Essilor’s corporate life. The performance at Sunglass Hut was mixed. The Wholesale division closed the year with revenue up by 3.7% to Euro 3,260 million, or +1.8% at constant exchange rates2, the strongest pace since 2015 thus proving the effectiveness of the set of strategic initiatives undertaken. Legal action: Criminal charges have been filed against the perpetrators and beneficiaries of the fraud in jurisdictions, and all legal options for holding the relevant third parties liable are considered to allow the Company to obtain damages commensurate with the injury suffered. In North America, revenue increased by 7.6% to Euro 2,273 million (+4.3% at constant exchange rates2). On December 5, 2019, EssilorLuxottica announced the closing of the disposal of its 100% stake in Merve Optik in Turkey. Similar to the full year trend, contact lens distribution activities contributed to growth. The Equipment division was a slight headwind to regional growth on a consolidated basis despite solid underlying activity as market conditions in fast growing markets remained favorable. All Forms filed with the U.S. Securities and Exchange Commission sorted by year. Thanks to its long-term investment strategy, balanced portfolio, international footprint and globally oriented value chains, the ZEISS Group can look forward to a bright future. Financial schedules and Non-GAAP reconciliations by quarter. The transaction has been unconditionally cleared so far in the United States, Russia and Colombia, and it is currently under review also in Brazil, Chile, Mexico and Turkey (see page 28 for more details). In 2019, Essilor worked toward this goal through partnerships to eliminate poor vision in many regions. Fourth-quarter 2019 revenue by geographical area. During the fourth quarter the sales drop was amplified at Sears Optical. Annual Reports and Publications On March 5, 2019, Luxottica became 100% wholly-owned by EssilorLuxottica and its ordinary shares were delisted from the Milan Stock Exchange (Mercato Telematico Azionario - MTA), organized and managed by Borsa Italiana. All major countries showed a positive evolution in the division, led by Sunglass Hut in Continental Europe and Salmoiraghi & Viganò in Italy. These successes, along with our outstanding cash flow generation of 1.2 billion Euro, were key contributors to EssilorLuxottica's overall results for the year", commented Francesco Milleri, Deputy Chairman and CEO of Luxottica. Capital expenditures amounted to Euro 903 million, representing 5.2% of Group's revenue. 2010; ... International offering Memorandum. Adjusted6 Operating expenses: +6.4% at current exchange rates and +3.5% at constant exchange rates2. In 2019, the global revenue of Essilor amounted to approximately 7.9 billion euros. #01 Connected life: take care of your eyes! Where to Invest $10,000 ... May 31, 2019 /PRNewswire/ -- FGX International, a leading eyewear designer and marketer, is celebrating the 90 ^th Anniversary of … The Sunglasses & Readers division also saw double-digit revenue growth in the region with excellent results at Xiamen Yarui Optical (BolonTM and MolsionTM) in optical frames and robust online sales. Key milestones in 2019 included the launch of Transitions® Signature® GEN 8TM in the US market, the success of the Vision-R™ 800 phoropter in Europe, double-digit growth both in China, thanks to branded lenses (notably EyezenTM, Crizal® and Varilux®), and Latin America owing to market expansion activities and a new partnership with a key player in the region. Research and development costs of Euro 291 million, as the Group continues to invest the same portion of its revenue behind innovation. The division showed strength across all regions through a continued focus on innovation, fast growing markets4 and e-commerce. If you don't get a response from us within a month, it means that your application does not meet our current needs. They would aim at optimizing the Company's global infrastructure. "When we look at Luxottica's performance over the past year, there is so much to be proud of, both in terms of our solid results and many notable achievements - our continued digital transformation in particular proved that the work we've done over the past five years is paying off. These efforts earned EssilorLuxottica the 17th spot in Fortune Magazine's annual Change the World list in 2019. Since then, Essilor International has implemented a wide range of corrective measures under the supervision of the EssilorLuxottica Board of Directors (see page 28 for more details). Enter this section to read more and get in touch with the Financial Communication and Investor relations team. Financial Press Releases. Weighted average number of shares outstanding: Earnings per share (EPS) for net profit attributable to owners of the parent: Consolidated statement of financial position, Net profit attributable to owners of the parent, EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT, Equity attributable to non-controlling interests, Expense arising from share-based payments, NET CASH FLOWS PROVIDED BY / (USED IN) OPERATING ACTIVITIES, Purchase of property, plant and equipment and intangible assets, Disposal of property, plant and equipment and intangible assets, Acquisitions of businesses, net of cash acquired, NET CASH FLOWS PROVIDED BY / (USED IN) INVESTING ACTIVITIES, Transactions with non-controlling interests, Cash payments for principal portion of lease liabilities, Issuance of bonds, private placements and other long-term debts, Repayment of bonds, private placements and other long-term debts, Changes in other current and non-current borrowings, NET CASH FLOWS PROVIDED BY / (USED IN) FINANCING ACTIVITIES, NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS, Cash and cash equivalents at the beginning of the financial year, Effects of exchange rate changes on cash and cash equivalents, CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL, EssilorLuxottica SA published this content on 06 March 2020 and is solely responsible for the information contained therein. 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