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Press Release

Q1 2020 Results


Good resistance for the first quarter with revenue down 10%
Taking measures to control costs and preserve cash
Preparing for recovery and delivering on our responsibilities to all

● Solid growth up to February, followed by material declines in March due to COVID-19
● Optical business less affected, Online sales up double digits
● Robust balance sheet and liquidity with Euro 4.9 billion in cash and short-term investments
● Positioned for recovery with strong product pipeline and go to market strategy
● Enhanced corporate citizenship to support communities, employees and customers

Charenton-le-Pont, France (May 5, 2020 – 7:00am) – EssilorLuxottica today announced that consolidated revenue for the first quarter of 2020 totalled Euro 3,784 million, representing a year-onyear decline of 10.1% compared to Q1 2019 revenue (-10.9% at constant exchange rates1), revealing good resistance in the current unprecedented global crisis.