EssilorLuxottica 3Q Revenue Rises to EUR4.31 Billion
October 30 2019 - 03:20AM
Dow Jones News
By Ben Otto
EssilorLuxottica SA (EL.FR) said Wednesday that third-quarter
revenue rose more than 8% from a year earlier on growth in lenses
and optical instrument sales as well as gains in retail and
ecommerce.
The Paris-listed eyecare giant said revenue for the quarter was
4.31 billion euros ($4.79 billion), up from a pro forma figure of
EUR3.98 billion a year ago.
At constant currencies, revenue would have risen 5.2%,
EssilorLuxottica said.
The company, which was created in October 2018 from the
combination of optical-lens manufacturer Essilor and luxury eyewear
maker Luxottica, said its lenses & optical instruments category
increased revenue by 7.0% at constant exchange rates from the same
period a year earlier, with gains coming from new products and
healthy online sales. It said revenue from sunglasses and readers
was up 8.9% at constant exchange rates.
EssilorLuxottica said momentum had improved in the United
States, Europe and mainland China, and it backed its full-year
view. For 2019, the company has guided for sales growth of 3.5%-5%
at constant exchange rates and sees net profit for the period,
adjusted for the expenses from the merger and other special items,
growing at 1-1.5 times the pace of sales growth.
Write to Ben Otto at ben.otto@wsj.com
(END) Dow Jones Newswires
October 30, 2019 03:05 ET (07:05 GMT)
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