[vc_row][vc_column][vc_column_text]
EssilorLuxottica today announced that consolidated revenue for the first nine months of 2019 amounted to Euro 13,086 million, representing a year-on-year increase of 7.7% compared to the 2018 first nine months revenue (+4.3% at constant exchange rates).
By Luxus Plus
“The continuous improvement in our performance validates our growth strategy as well as our investments in product innovation, digitalization, fast-growing markets and talent. This acceleration further demonstrates our ability to execute the business plan and deliver sales and cost synergies”, said Francesco Milleri and Laurent Vacherot[*]. “On this basis we will confirm our efforts to transform the industry and eliminate poor vision throughout the world.”
Total consolidated sales amounted to Euro 4,310 million in the third quarter, up 5.2% at constant exchange rates, above the annual objective of 3.5% to 5.0%. The acceleration versus the first and the second quarter (3.7% and 4.1%, respectively) was primarily driven by the Lenses & Optical Instruments and Retail divisions.
Lenses & Optical Instruments sales were up 9.9% to Euro 1,713 million (+7.0% at constant exchange rates), of which 6.2% in like-for-like terms. This performance was driven by new products, online sales and fast-growing markets. The successful launch of Transitions® Signature® GEN 8TM in the United States supported the improved growth rate.
*The Instruments department also contributed to the division’s performance thanks to the new Visioffice®X, a measuring tool for ECPs that customizes patient lenses, as well as the Vision-RTM 800 that allows faster and more precise refraction in increments of one-hundredth of a diopter. E-commerce continued its double-digit growth, driven by prescription offers and contact lenses.
[/vc_column_text][/vc_column][/vc_row]
