Solid revenue growth in the first quarter. Full-year objectives confirmed
- Revenue growth of 7.5% (+3.7% at constant exchange rates)
- Sustained momentum in Essilor’s Lenses & Optical Instruments and in Luxottica’s Retail
- Successful launches of new collections and strong innovation pipeline
- Activation of synergies
Charenton-le-Pont, France (May 7, 2019 – 7:00am) – EssilorLuxottica today announced that consolidated revenue for the first quarter of 2019 totalled Euro 4,210 million, representing a year-on-year increase of 7.5% compared to Q1 2018 pro forma1 revenue (+3.7% at constant exchange rates).
“I am very satisfied with the results of the first quarter of EssilorLuxottica, with all its business areas growing. Luxottica contributed with an excellent performance that recorded accelerating sales, confirming the power of the strategic choices and the commercial policies undertaken. In the near future, we will continue to build our success on the strength of our brands, operational excellence and ever-increasing digitalization of the Group," commented Leonardo Del Vecchio, Executive Chairman of EssilorLuxottica.
“2019 is off to a good start and Essilor’s contribution has been robust in terms of business, new product developments and acquisitions as well as in the ramp up of the first synergy work streams with Luxottica. Joint integration work is now solidly underway in many key areas such as the complete pair, leveraging the Company’s own retail, cross-selling in wholesale, optimizing the supply chain, enhancing efficiency and growing the market. Together, this should help us to improve the Company’s performance further in the next few quarters and to fulfill our common mission: ’Helping people to see more, be more and live life to its fullest”, said Hubert Sagnières, Executive Vice Chairman of EssilorLuxottica.
A conference call in English will be held today at 10:30 am CET.
The meeting will be available live and may also be heard later at: http://view-w.tv/985-1396-21597/en