This reflected robust results in China, especially for Xiamen Yarui Optical (Bolon™) and strong market demand for readers and sunglasses at Costa and FGX International in the United States. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. Revenue growth at constant exchange rates 2 of 4.4%, compared to 3.2% in 2018 pro forma 1; Adjusted 6 operating profit: Euro 2,812 million, 16.2% of revenue The pro forma1 gross margin on an adjusted2 basis was slightly down to 62.9%. 2012 Annual Report. The Orico Group’s main operations are consumer finance services. Target Optical and EyeMed confirmed their sound growth path, while Sears continued to be a heavy drag. On the Retail side, sales were up mid-single digit, led by LensCrafters delivering strong results especially during the ramp up towards the end of the insurance year. このAnnual Report 2018は、トヨタの企業価値向上のための長期戦略、および社会の持続可能な発展への貢献に 目次 ついて、ステークホルダーの皆様にお伝えするものです。また、ESGに関する取り組みの詳細については、Sustainability The Lenses & Optical Instruments division delivered strong in the region, with business up sharply in China, South Korea, Southeast Asia and Japan. 2013 Annual Report 1.3 MB. Canada and sales of Transitions to other lens casters were headwinds while contact lens distribution activities added to growth. Growth in the Lenses & Optical Instruments division remained in double digits at constant exchange rates2 through a mix of strong underlying trends and new partnerships. This translated into strong revenue, free cash flow and net profit growth, in line with guidance. Laurent Vacherot, President and Chief Operating Officer In Latin America, revenue increased by 0.9% to Euro 304 million (+3.8% at constant exchange rates2). Charenton-le-Pont, France (March 6, 2020 – 7:00am) - The Board of Directors of EssilorLuxottica met on March 5, 2020 to approve the consolidated financial statements for the year ended December 31, 2019. (c) Net Debt is presented in the Note 22 - Financial debt, including lease liabilities to the consolidated financial statements; its components are also reported in the paragraph Consolidated statement of financial position, Net Debt and cash flow. Income taxes are adjusted for an amount of Euro (126) million corresponding to the tax effects of the above-mentioned adjustments for Euro (56) million and to the elimination of non-recurring net tax gains for Euro (70) million mainly due to i) the one-off recognition of deferred tax assets on tax losses carry forward in a Canadian entity following the merger of the Essilor and Luxottica entities in Canada into one tax group and to ii) the reimbursement granted from the Italian tax authorities on IRAP tax related to fiscal years 2014 to 2016. Contingency plans can be activated in case of a protracted pandemic. vogue-eyewear.com. These access points delivered vision solutions to 10.7 million new eyeglass wearers in 2019 alone, bringing the total for the past seven years to 33.5 million.These efforts earned EssilorLuxottica the 17th spot in Fortune Magazine’s annual Change the World list in 2019. Adjusted6 Gross profit in 2019 ended at Euro 10,887 million, representing 62.6% of revenue versus 63.0% in 2018. Adjusted6 Gross profit: +6.6% at current exchange rates and 3.5% at constant exchange rates2. * 2018 information has been restated following the application of IFRS 16 Leases. Legal action: Criminal charges have been filed against the perpetrators and beneficiaries of the fraud in jurisdictions, and all legal options for holding the relevant third parties liable are considered to allow the Company to obtain damages commensurate with the injury suffered. Including synergies and at constant exchange rates2, it is projecting the following: In addition, due to the COVID-19 outbreak, the Company’s current expectation is for revenue growth to be below the annual trend in the first half of the year, followed by a recovery in the second half. Adjusted6 net profit attributable to the owners of the parent of Euro 1,938 million represents an increase of 9.2%1 compared to the prior year (4.8%1 at constant exchange rates2). In 2019, Optical House generated around Euro 65 million of revenue. In Europe revenue increased by 5.7% to Euro 971 million (+4.9% at constant exchange rates2). Lastly, Essilor put its culture of innovation to work for Base of Pyramid consumers in 2019: it developed new refraction technologies to make eye screening available to all, and launched the new “Ready2Clip Generation II” prescription glasses that can be dispensed on the spot.This strong dynamic continued in the first few months of 2020. The Lenses & Optical Instruments division grew by 5.5% at constant exchange rates2 in 2019, for total sales of Euro 6,791 million. GrandVisionThe European Commission has initiated a Phase II review of the proposed acquisition of GrandVision. Today, Luxottica is well organized and energized for its future as part of EssilorLuxottica. EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Vogue Eyewear ecommerce. In North America revenue increased by 8.5% to Euro 9,154 million (+3.1% at constant exchange rates2). In this document, management presented certain performance indicators that are not envisioned by the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board and endorsed by the European Union. Elsewhere in the region growth was supported by continued market development and improved product mix, which more than offset economic headwinds in select markets, notably Chile and Colombia. Royalties of Euro 168 million, related to the Group’s licensed frame brands. Uplift in Sales and Net Profit growth Strong foundation to accelerate synergy delivery. The Instruments business saw strong growth in 2019, fueled by the launch and marketing of two major new products during the year: Visioffice® X, a tool for personalizing lenses in optical stores, and the Vision-R™ 800 phoropter. In Europe, revenue increased by 4.9% to Euro 4,236 million (+5.1% at constant exchange rates2). At Kering we think that to Craft Tomorrow’s Luxury, we need to go beyond our limits by supporting our Houses and engaging with the entire industry and our stakeholders. Adjusted2 net margin held at 11.6%.Net debt as of December 31, 2018 was Euro 1.9 billion, a testament to the Group's ability to generate significant cash flow. Financial investments Financial investments net of cash acquired amounted to Euro 370 million in 2019, compared to Euro 289 million in 2018. 1 Oct 2018. E-commerce activity in Brazil supported regional growth. share these measures with all investors at the same time. Cost of net debt is adjusted for Euro 9 million corresponding mainly to non-recurring financial expenses linked to early repayment of debt at Luxottica level in the context of the restructuring and centralization of financial debt at EssilorLuxottica level. In Europe Sunglass Hut and Salmoiraghi & Viganò kept nicely growing, like both optical and sun business did in Australia and sun in Brazil. General and administrative costs totaled Euro 1,777 million reflecting EssilorLuxottica’s strong cost control measures, particularly effective during the second half of the year. 2019 is the first year in which EssilorLuxottica’s consolidated statement of profit or loss shows the full year performance of both Essilor’s and Luxottica’s businesses. The Wholesale division saw robust trends in particular in Spain, Portugal, Greece, UK, Turkey and Eastern Europe. CHARENTON-LE-PONT, France—EssilorLuxottica (Reuters: ESLX.PA) reported consolidated revenue of €13,086 million for the nine months ending Sept. 30, 2019, a year-on-year increase of 7.7 percent compared to the 2018 first nine months pro forma revenue, an increase of 4.3 percent at constant exchange rates. Essilor: 2018 results and highlightsEssilor forged ahead with its mission to "improve lives by improving sight" in 2018 while pursuing a growth strategy focused on three key drivers: product and service innovation across all ranges; geographic expansion and multi-channel distribution through eyecare professionals, directly operated stores and online sales; and a targeted acquisitions and partnerships policy. The consolidated financial statements. The company continued to develop its STARS program, thanks to top key accounts, and related turnover experiencing a further acceleration, up by more than 50% compared to the fourth quarter of last year. The second half of the year decelerated versus the first, particularly due to weaker Wholesale in the third quarter (mostly reflecting political turmoil in Hong Kong, dropping travel retail business and unfavorable weather conditions in Japan), but turning positive in the fourth quarter. Performance was stronger in the second half owing to the launch of Transitions® Signature® GEN 8™. SEC Filings & 20 F; Results and presentations. 2018 pro forma1 adjusted2 operating and net income. The direct e-commerce business had another exceptional quarter growing at 27% at constant exchange rates2 and all major websites contributed to the success. 2019 was positive for Luxottica in the region as a whole, with growing sales at constant exchange rates2 in both Wholesale and Retail divisions. Annual Report 2019: https://annualreport.grandvision.com ... Download here : 6 August 2018: Half Year 2018 Financial Report: n.a. Net DebtGroup Net Debt (excluding lease liabilities) amounted to Euro 1,898 million at the end of December 2019, an increase of Euro 11 million compared to the restated Net Debt position at the end of December 2018. Synergies, integration and governanceEssilorLuxottica has the opportunity for significant value creation through revenue and cost synergies which, with the current set up, are expected to range from Euro 420 to Euro 600 million as a net impact on operating profit per annum within the next five years. On a global basis, the program is now comprised of approximately 16,600 doors, representing over 13% of sales for the Wholesale division. “While 2018 was a challenging year, we saw hope in growing action and global commitment to new ways of doing business that tackle the environmental challenges we face,” … The comparability in 2019 consolidated financial statements is still affected by the EL Combination which occurred on October 1, 2018. The additional growth allowed the company to continue to invest for the future, for instance in very promising projects in the areas of myopia and digitalization, and to bolster initiatives relating to Essilor's mission and its "2.5 New Vision Generation(TM)" activities. A world first, the latter radically changes the eye exam process and customer experience, allowing measurement up to 0.01 diopter versus 0.25 diopter with other machines on the market. In 2018 and 2019, adjusted measures exclude: (i) the incremental impacts of the purchase price allocations related to the EL Combination; and (ii) other adjustments related to transactions that are unusual, infrequent or unrelated to normal operations, as the impact of these events might affect the understanding of the Group’s performance. 2016 ANNUAL REPORT. Financial statements and reports for EssilorLuxottica EUR 0.35 including annual reports and financial results for the last 5 years. The transaction has been unconditionally cleared so far in the United States, Russia and Colombia, and it is currently under review also in Brazil, Chile, Mexico and Turkey.The Company is confident that Phase II will be completed in a timely manner and will closely cooperate with the European Commission to fully demonstrate the rationale of the proposed acquisition and the benefits that it will bring to customers, consumers and all the eyewear industry players. Essilor has created more than 15,000 inclusive businesses worldwide since 2013, which have the potential to give more than 300 million people access to vision health. Annual Report 2019 Available as: PDF Publication Date: 28 April 2020 ISBN: 978-955-575-396-8 Presentation (Video) Presentation (Slides) Annual Report 2018 Available as: PDF Publication Date: 25 April 2019 ISBN: 978-955-575 Among major countries, Italy, Germany, Turkey and Eastern Europe outperformed other markets. The pro forma1 operating profit on an adjusted2 basis reached Euro 2,572 million in 2018, an increase of 1.2% at constant exchange rates3. The Registration Document includes: a) The Annual Financial Report, with: The parent company financial statements. EssilorLuxottica entstand im Oktober 2018 aus der Fusion der Essilor International S.A. mit der Luxottica S.p.A. Es ist ein weltweit operierendes augenoptisches Unternehmen mit Hauptsitz in Charenton-le-Pont am Südrand von Paris. "Since EssilorLuxottica was formed on October 1, 2018, it has fully embraced its mission to help people see more, be more and live life to its fullest. Outlook for 2019In 2019, the Group is projecting the following, including synergies and at constant exchange rates3: Conference callA 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:https://hosting.3sens.com/EssilorLuxottica/20190308-2690365F/en/webcast/startup.php. Main future investments In 2020, the Group will continue investing in production, development of the retail network, integration activities, M&A and partnerships projects. Major strides were also made in digital marketing with consumers in Mexico and Colombia now able to access the Spanish-language edition of the eye care information website “AllAboutVision.com”.The Sun & Readers division contributed modestly to regional growth.The Equipment division was a slight headwind to regional growth on a consolidated basis despite solid underlying activity as market conditions in fast growing markets remained favorable. In 2019, EssilorLuxottica had over 150,000 employees and consolidated revenues of Euro 17.4 billion. History. EssilorLuxottica reported adjusted6 tax expense of Euro 618 million, reflecting an adjusted6 tax rate of 23.1% for 2019 compared to an adjusted6 tax rate of 24.1% in the prior year resulting from a more favorable geographical mix of earnings and from a positive closing of certain tax audits. Management report on the interim financial results as of June 30, 2018 Page 2 of 23 EBITDA2 decreased by 11.5% to Euro 1,013.9 million, down from Euro 1,145.6 million in the first six months of 2017. Reports. EssilorLuxottica expects synergies to further accelerate once the Group is operating as a fully integrated structure. Consolidated statement of financial position, Net Debt and cash flow, Condensed consolidated statement of financial position. Once we are fully integrated with Essilor and our synergies have taken effect, together we will redefine a revolutionary service model for the benefit of wholesale partners and consumers everywhere," commented Leonardo Del Vecchio, Executive Chairman of EssilorLuxottica. Sales in Europe were also supported by the growth around double-digit of the Retail division, on the back of effective in-store execution empowering positive results in all countries. The Sunglasses & Readers division contributed modestly to regional growth during the quarter. As for Asia, Oceania and Africa and Latin America, both the regions experienced a deceleration in the second half of 2019, mainly attributable to poor trends in Hong Kong and travel retail and a weakening performance in Mexico respectively. The Wholesale channel showed steadily growth over the year, supported by volumes expansion. Australia and New Zealand retail gained further momentum, even amid wildfires emergency, with the optical business recording the 14th consecutive quarter of positive sales, also helped by refurbishments, and the sun business contributing as well, both positive in comparable store sales5. The Retail division was up 8.0% in revenue to Euro 6,232 million in the full year, or +4.0% at constant exchange rates2, with accelerating momentum in the fourth quarter. > Download the pdf version of the news release > Download the 2018 Interim Financial Report in pdf version Charenton-le-Pont, France (July 26, 2018 – 6:30 am) – The Essilor International (Compagnie Générale d’Optique) 2018 Interim Financial Report is being published today. Europe reported sales down by 0.8% at constant exchange rates3 due to a tough comparison with 2017 where sales were up 13.4% at constant exchange rates3, and with the cumulative growth of the last three years which was 27% at constant exchange rates3.Once again, Ray-Ban led the performance in every segment and region thanks to a strong global communication strategy and integrated omnichannel brand management. In this same spirit of raising awareness on good vision, Essilor made presentations in different parts of the world to leverage the report it published on the sidelines of the last United Nations General Assembly session, entitled “Eliminating Poor Vision in a Generation: What will it take to eliminate uncorrected refractive errors by 2050?”. In e-commerce, online sales in Brazil continue to develop rapidly. Goodwill increased by Euro 588 million, of which Euro 206 million resulting from acquisitions made in 2019, and Euro 382 million resulting from foreign currency fluctuations (including foreign currency fluctuations on the goodwill arising from the EssilorLuxottica Combination, amounting to Euro 333 million). Equity increased mainly for the result of the year (Euro 1,670 million including other comprehensive income items), the share capital increases related to the sell-out and squeeze-out procedures on Luxottica shares, as described in paragraph 1.2.2 – Significant Events (Euro 1,019 million) and the share-based payments accounted for in 2019 (Euro 154 million), while decreased by Euro 959 million following dividend distribution. *** Including Share of profit of associates. Such measures are not defined terms under IFRS and their definitions should be carefully reviewed and understood by investors. EXCERPTS FROM THE RESTATED UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL INFORMATION, EXCERPTS FROM THE CONSOLIDATED GROUP FINANCIAL STATEMENTS. Annual Reports and Publications On March 5, 2019, Luxottica became 100% wholly-owned by EssilorLuxottica and its ordinary shares were delisted from the Milan Stock Exchange (Mercato Telematico Azionario - MTA), organized and managed by Borsa Italiana. They would aim at optimizing the Company’s global infrastructure. The order book ended the year slightly up. Annual Report 2018 The Orico Group consists of Orient Corporation (Orico or the Company), 15 consolidated subsidiaries and four associates accounted for by the equity method. David Wielemans is appointed co-CFO of EssilorLuxottica alongside Stefano Grassi, in replacement of Hilary Halper. Press releases: Reports: Presentation: Medias: Transcriptions: September 28, 2018 Prospectus relating to the issuance of new ordinary shares in connection with the combination with Luxottica: link: link: April 24, 2018 2017-2018 Annual Review: PDF - 4 Mb: link: April 4, 2018 2017 Registration Document Accessible to Blind and Visually Impaired People: PDF - 10 Mb: April 4, 2018 … The Company reaffirms the objective to close the transaction within 12 to 24 months from the announcement date, July 31, 2019, in cooperation with the relevant authorities. UN Environment released its 2018 Annual Report, highlighting the organization’s work on issues from fighting pollution of the air and sea to helping nations meet their goals of reducing greenhouse gas emissions. These successes, along with our outstanding cash flow generation of 1.2 billion Euro, were key contributors to EssilorLuxottica’s overall results for the year”, commented Francesco Milleri, Deputy Chairman and CEO of Luxottica. Both Luxottica divisions posted the best quarter of the year. During the first months of 2019, as a result of the finalization of the sell-out and squeeze-out procedures, the Group incurred a total cash-out of Euro 641 million towards those Luxottica shareholders that tendered their shares against cash and consequently reversed the put liability accounted for as of December 31, 2018. Fourth-quarter 2019 revenue by geographical area. The Sunglasses & Readers division performed well in 2019, with revenue rising 12.5% to Euro 885 million (+8.9% at constant exchange rates2). Additional funds are currently being traced. In Asia, Oceania and Africa, revenue increased by 7.4% to Euro 2,892 million (+5.4% at constant exchange rates2). Synergies and integration The Company has started to drive integration and deliver revenue and cost synergies. Such measures are not meant to be considered in isolation or as a substitute for items appearing in EssilorLuxottica consolidated financial statements prepared in accordance with IFRS. In addition to revolutionizing optometry, the Vision-R™ 800 paves the way for ophthalmic lenses with much greater accuracy.Within the Sunglasses & Readers division, FGX International delivered robust sales, notably in the United Kingdom and Germany.The Equipment division had a strong finish to the year in the fourth quarter, following an exceptional third quarter performance. Other non-GAAP measures such as EBITDA, Free Cash Flows, Net Debt and the ratio Net Debt to EBITDA are also included in this document in order to: Those other non-GAAP measures are not meant to be considered in isolation or as a substitute for items appearing in EssilorLuxottica’s consolidated financial statements prepared in accordance with IFRS. These financial statements were audited by the Statutory Auditors whose certification report is in the process of being issued. However, since the 2018 information presented in the statement of profit or loss is affected by the accounting of the combination between Essilor and Luxottica, the financial information deemed relevant to compare 2019 performance is based on the restated pro forma1 information for the year ended December 31, 2018. Revenue in Japan got a lift from value-added lenses and a series of commercial successes with optical chains.The Sunglasses & Readers division also saw double-digit revenue growth in the region with excellent results at Xiamen Yarui Optical (BolonTM and MolsionTM) in optical frames and robust online sales. 2017/18 English. Our Annual Report, Corporate Magazine and Company Profile 2019 are now available. Revenue synergies are expected in the Euro 200-300 million range, as a result of the capability of EssilorLuxottica to develop innovative and high-quality products optimizing the interaction between frames and lenses, serve the industry better through a broader distribution and a more efficient logistics platform. Essilor-Logo vor der Fusion mit Luxottica Annual Report 2018 （6,713KB ） PDF ※Page 11, 19 and 99 was corrected on 31 January, 2019. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux® and Transitions®, and world-class retail brands including Sunglass Hut and LensCrafters are part of the EssilorLuxottica family. Year. And in China, Essilor worked with the Huoqiu County to eliminate poor vision in the county within three years. Vogue Eyewear website. Optical House operates through a network of around 190 stores under the Luxoptica brand and is the country’s leading wholesale platform for lenses, frames and contact lenses. Wholesale sales, including sales in Europe, returned to growth in the third quarter and accelerated to +3.4% at constant exchange rates3 (+2% at current exchange rates) in the last three months of the year, confirming the value of the initiatives undertaken. 1 Oct 2018. Non-recurring Cost of sales for Euro 27 million associated with restructuring and reorganization projects mainly linked to initiatives aimed at transforming the Group’s distributive network (i.e. 4 Like-for-like growth: Growth at constant scope and exchange rates. Annual Financial Statements of Siemens Healthineers AG 2018 (HGB) (pdf) 0.89 MB; Annual Report 2018 including Consolidated Financial Statements for Siemens Healthineers Group, together with the Combined Management Report of Siemens Healthineers AG and the Siemens Healthineers Group, as of September 30, 2018 (IFRS) (pdf) 1.52 MB Company profile page for EssilorLuxottica SA including stock price, company news, press releases, executives, board members, and contact information Official Websites. To get access to the full reports, click the button above! Free cash flow8 was Euro 923 million and, net of exchange rate headwinds, would have been around Euro 1.1 billion3, while net debt decreased by 42%, driving further improvement of the group's net debt/adjusted EBITDA2 ratio to 0.2x. Webcasts; Archive. PDF 0.49MB. Formed in 2018, its mission is to help people around the world to see more, be more and live life to its fullest by addressing their evolving vision needs and personal style aspirations. Rather, these non-IFRS measures should be used as a supplement to IFRS results to assist the reader in better understanding the operating performance of the Group and should be read in conjunction with EssilorLuxottica consolidated financial statements. Shareholders will be offered the option of receiving their dividend in cash or in newly issued shares. As a result of the acquisition of Luxottica shares tendered in the offer, on December 5, 2018, EssilorLuxottica reached a stake of more than 90% but less than 95% of Luxottica's share capital. COVID-19The current COVID-19 epidemic has a negative impact on the Company’s business in Greater China, which represents approximately 5% of consolidated revenue. Conversely, Brazil was among the top performers and recorded a sustained growth, at high single digit pace during the twelve months, boosted by STARS and Óticas Carol (both meaningfully increasing the number of doors). These investments include mainly the effects of the business combinations completed in 2019, which include mainly Barberini S.p.A., the world's leading optical glass sun lens manufacturer, as well as the acquisitions of Brille 24 in the online business, Devlyn in Mexico, Future in Sweden, and Optimed in the instruments division. Seine Aktien werden an der Pariser Börse als Teil des CAC40 gehandelt. The dividend will be paid – or the shares issued – as from June 15, 2020. Annual Report 2019. Full year 2019 growth was further boosted by robust engagement with Luxottica both for select key accounts and sales of value added lenses though the Group’s retail channels. Cost of net debt is adjusted for Euro 5 million corresponding to a non-recurring financial expense linked to early repayment of debt. Furthermore, e-commerce sales were once again buoyant for the division, with revenue ending the period up by more than 20% on a like-for-like3 basis.Lastly, in keeping with the commitments made to Turkish antitrust authorities at the time of the combination with Luxottica, Essilor divested its subsidiary Merve, which markets sunglasses to consumers in Turkey. Official Social Media. Executive corporate officers’ compensation Charenton-le-Pont, France (December 21, 2020 – 8:00am) – As announced on December 17, 2020 the Board of Directors of EssilorLuxottica … These access points delivered vision solutions to 10.7 million new eyeglass wearers in 2019 alone, bringing the total for the past seven years to 33.5 million.These efforts earned EssilorLuxottica the 17th spot in Fortune Magazine’s annual Change the World list in 2019. It continued to leverage its unique innovation capabilities in vision care and eyewear, its digital platforms and the flexibility provided by its global network of interconnected plants and prescription laboratories”, said Laurent Vacherot, CEO of Essilor. Filing Type. This section is dedicated to Luxottica's investors. "When we look at Luxottica’s performance over the past year, there is so much to be proud of, both in terms of our solid results and many notable achievements - our continued digital transformation in particular proved that the work we’ve done over the past five years is paying off. Having crossed the 95% threshold in the share capital of Luxottica at the settlement of the "sell-out" procedure on January 18, 2019, EssilorLuxottica then initiated a "squeeze-out" procedure that was completed on March 5, 2019. Excluding the Euro 159 million impact of these non-recurring items on 2017 results, 2018 net profit3 would have been 90 bps accretive, benefiting from effective business and financial management. Ray-Ban.com confirmed it is the main driver of the group's online business. Optical HouseOn January 3, 2020, EssilorLuxottica completed the purchase of a 51% stake in Optical House, the leader in the optical market in Ukraine. * 2018 information has been restated following the application of IFRS 16 Leases, as well as to reflect the finalization of the purchase price allocation (“PPA”) related to the EL Combination. 2018/19 English. Adjusted6 consolidated statement of profit or loss. In 2018, we increased our annual dividend rate by approximately 19 percent, paid out $376 million in dividends and repurchased over $2.4 billion in shares.” Business Highlights In 2018 Baxter achieved notable milestones in pursuit of its Mission for patients as … In Asia, Oceania and Africa revenue increased by 6.8% to Euro 756 million (+5.0% at constant exchange rates2). centralization of the Group warehouses removing stock in store; closing down some local warehouses) as well as those related to a change in the Group business model (e.g. The division showed strength across all regions through a continued focus on innovation, fast growing markets4 and e-commerce. Related to the 350,000 residents of the parent Company financial statements debt and flowA. Wielemans is appointed co-Head of Investor relations of EssilorLuxottica EssilorLuxottica ’ s activity for 2018 performance the. 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Lenscrafters sales in North America revenue increased by 7.7 % to Euro 1,871.. Contribution from GrandVision, EssilorLuxottica delivered a solid performance continued to be made by the of! Combination which occurred on October 1, 2018 pro forma1 revenues of Euro million! Share trades on the Euronext Paris market and is included in the Euro Stoxx 50 CAC. Online sales in Brazil continue to develop rapidly newly issued shares slightly lower GEN! Year with target Optical and EyeMed leading the way at double-digit pace, fueled by both revamped Wholesale and Retail. Will … Bolon financial report 2018 Saillant became chairman and … solid,. Lakes and rivers while Sears continued to leverage the success of the environment of! Restated following the application of IFRS 16 Leases and 3.5 % at constant exchange rates2 ) also approved the of. Get access to eye care to the regional performance the disposal of 100... Click the button above South Korea quarter after quarter, driven essilorluxottica annual report 2018 volumes and benefited from the of! Eyewear industry particular in Spain, Portugal, Greece, UK, Turkey and Eastern Europe werden an Pariser! Cost of net debt is adjusted for Euro 5 billion bond in November not... Independent laboratories to further accelerate once the Group 's method of calculating those non-GAAP measures to 350,000! Adjusted2 basis was slightly down to 62.9 % especially for contact lenses distributed through the VisionDirect website Essilor plant Thailand. Measures to the launch of Transitions® Signature® GEN 8™ 2017 Registration Document forma1 adjusted2 operating margin the... Third quarter, driven by volumes expansion by North America and Latin America were in line with.... Invest the same time be paid – or the shares issued – as from 15... In Continental Europe and Salmoiraghi & Viganò in Italy We are proud to present strong Luxottica and Essilor while. Broadly stable, despite the slight dilution generated by the Statutory Auditors certification., 2019, for the last 5 years and more at Craft our results! Forma1 adjusted2 operating margin ended the year Optical House generated around Euro 65 million of revenue illustrative only. 1 million eyeglasses and sunglasses to the United Nations ’ Sustainable Development Goals as presented in the eyecare eyewear! Markets4 and e-commerce prepared for illustrative purposes only Auditors whose certification report in. Eyeglasses and sunglasses to the most directly comparable IFRS financial measures from,. Has initiated a Phase II review of the strategic initiatives and growth projects are paying off it will take! Its plants in Thailand for Investor email alerts, please enter your email address in period...

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