3 min read - Published on 31 Jul 2020
First-half 2020 results
Resilient performance, strong adaptability, structural vision needs
- Positive adjusted1 operating profit despite revenue down 29%
- Cash and short-term investments close to Euro 8 billion due to prudent management and positive Free Cash Flow2 in the second quarter
- Revenue trough in April, followed by marked sequential recovery in May and June in all key operating segments and all geographical areas
- Fast recovery in Lenses underpinned by prescription and new products
- Prompt restart of Retail in both optical and sun, particularly in North America
- Acceleration in digital, with online up 43% in the first half and up 68% in the second quarter
- Euro 130 million fund to support employees and their families