Essilor and Delfin successfully complete the combination of Essilor and Luxottica by creating EssilorLuxottica, a global leader in the eyecare and eyewear industry. 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. Adjusted6 Gross profit in 2019 ended at Euro 10,887 million, representing 62.6% of revenue versus 63.0% in 2018. First-Half 2018 Report First-Half 2018 Condensed Consolidated Financial Statements Statement by the Person Responsible for the 2018 Interim Financial Report Statutory Auditor’s Review Report on the First-Half 2018 Financial Statements This is a free translation into English of the 2018 Interim Financial Report issued in French. 2018 2017 Franchisee owned concept stores Third-party distribution 974 969 503 1,340 849 516 2,446 2,705 100 80 60 40 20 EMEA 2018 2017 Americas Asia Pacific 48 31 21 49 30 21 PANDORA ANNUAL REPORT 2018 THE 7 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. 2013 Annual Report. Filing Type. 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. The Wholesale division closed the year with revenue up by 3.7% to Euro 3,260 million, or +1.8% at constant exchange rates2, the strongest pace since 2015 thus proving the effectiveness of the set of strategic initiatives undertaken. EssilorLuxottica Says Coronavirus Impact Is Limited Outside China The eyewear giant noted slight impact on revenue in other regions, and said inventory is enough for several weeks of demand. In particular, management adjusted the following measures: Gross profit, Operating expenses, Operating profit, Profit before taxes and Net profit. Contingency plans can be activated in case of a protracted pandemic. David Wielemans is appointed co-CFO of EssilorLuxottica alongside Stefano Grassi, in replacement of Hilary Halper. Net cash flow provided by operating activities, Purchase of property, plant and equipment and intangible assets, Cash payments for the principal portion of lease liabilities, Non-current borrowings and lease liabilities, Short-term borrowings and lease liabilities, Interest Rate Swap measured at fair value, Lease liabilities (current and non-current), Change in Net Debt (excluding lease liabilities), Acquisition and other investments, net of disposals, Property, plant and equipment and intangible assets (gross of disposals), Financial investments net of cash acquired, Integrated prescription laboratory operating optical stores, Online retail platform for optical products. While Wholesale sales were Euro 3,194 million, down 1.1% at constant exchange rates3 (-5.2% at current exchange rates), they showed a sequential improvement throughout the year, driven by solid growth in North America, Japan and Korea. (a) The comparative period has been restated in accordance with the transitional requirements of the initial application of IFRS 16 – Leases, as well as to reflect the finalization of the purchase price allocation (“PPA”) related to the EL Combination. Bolon ecommerce. The ranking was recognition of the company’s commitment to bring good vision to everyone everywhere and eliminate poor vision around the world as part of its mission to “see more, be more and live life to its fullest”. Adjusted6 Cost of net debt, Other financial income / (expenses) and Share of profits of associates. share these measures with all investors at the same time. Royalties of Euro 168 million, related to the Group’s licensed frame brands. In Brazil, the solid dynamics through the first nine months eased as the focus shifted to the Transitions® Signature® GEN 8™ launch anticipated in the earlier part of 2020. Excerpts from the full year 2019 management report, Full year 2019 revenue by operating segment. In North America, revenue increased by 7.6% to Euro 2,273 million (+4.3% at constant exchange rates2). 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. Facebook. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Ray-Ban.com confirmed it is the main driver of the group's online business. 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. Dividend recommendation The Board of Directors will recommend that shareholders at the Annual Meeting to be held on May 16, 2019 approve the payment of a dividend of Euro 2.04 per share. Out of consideration of the environment and of cost reasons, Elekta's Annual Report is only available online. Essilor, for its part, performed strongly. Merve is a leading turkish wholesaler of sunglasses and optical frames with 5 proprietary brands (Ossé, Mustang, Hawk, Optelli, Soleil) and 16 licensed brands from Marcolin, generating a total of around Euro 19 million of revenue in 2018. They would aim at optimizing the Company’s global infrastructure. Trends were strong in Sunglasses & Readers. The Lenses & Optical Instruments division was a major contributor to the regional performance. Costa made further inroads with Eyecare professionals as well as in sporting goods stores and online channels, while increasing its presence in the United States. 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. The overall increase in Cash and cash equivalents and Other current assets are mainly linked to the proceeds from the issuance of the 5 billion bonds occurred in November 2019 (as described in paragraph 1.2.2). Media. Webcasts; Archive. 22 Oct 2018 Third-Quarter 2018 Report Charenton-le-Pont, France (October 22, 2018 – 5:40 p.m.) – EssilorLuxottica (Euronext Paris: EL), Essilor International (Compagnie Générale d’Optique) (“Essilor”) new corporate name since October 1, 2018, is reporting here the third-quarter revenue generated by Essilor. The solid sales performance confirmed the effectiveness of strategic initiatives aimed at improving the operating model and the ability of the group's retail brands to execute them, while offering an improved consumer experience. 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. Group net debt amounted to Euro 4,046 million at the end of December 2019, compared to Euro 3,849 at the end of December 2018 (restated following the implementation of IFRS 16. Strategic and business integration matters, along with governance topics, are being considered and worked upon by the management teams of Essilor International and Luxottica, in order to ensure a seamless execution of the synergy plan and the growth strategy of EssilorLuxottica. > 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. The Retail business had a strong year with Target Optical and EyeMed leading the way at double-digit sales growth. Luxottica continued its expansion of direct distribution with the opening of new wholesale subsidiaries in the Middle East in 2018 and in Taiwan in early 2019. It is now also considering internal candidates. 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. 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. 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. Key milestones in 2019 included the launch of Transitions® Signature® GEN 8TM in the US market, the success of the Vision-R™ 800 phoropter in Europe, double-digit growth both in China, thanks to branded lenses (notably EyezenTM, Crizal® and Varilux®), and Latin America owing to market expansion activities and a new partnership with a key player in the region. The Lenses & Optical Instruments division delivered strong in the region, with business up sharply in China, South Korea, Southeast Asia and Japan. The Sunglasses & Readers division contributed modestly to regional growth during the quarter. 2018 Annual Report. In India, more than 143,000 people were screened to put the Doddaballapura region on track to be the first in the country to also eliminate poor vision by 2021. This was well above the initial target of delivering like-for-like4 growth of around 4%. The successful development of the STARS program remains a key pillar of Luxottica’s strategy, and currently represents over 20% of Wholesale revenue in the region, showing a nice acceleration in the last part of the year. Both Luxottica's divisions contributed to the positive sales performance of the year, with the Wholesale segment showing a strong acceleration in the second part of the year and Retail confirming solid growth. Euro 300 to Euro 350 million in the period 2019-2021; Euro 420 to Euro 600 million by 2022-2023. 2015 ANNUAL REPORT 4.3 MB. The 2018 IFRS consolidated financial statements were audited by the Statutory Auditors whose certification report is in the process of being issued. Annual Shareholders Meeting: May 15, 2020; Non-recurring Cost of sales for Euro 8 million mainly associated with restructuring and reorganization expenses incurred with respect to projects aimed at the optimization of the central warehouses of the Group and the costs of Luxottica’s restricted shares plan (LTI) for employees working for operations activities. 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. Annual Report 2018 （6,713KB ） PDF ※Page 11, 19 and 99 was corrected on 31 January, 2019. vogue-eyewear.com. 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. Since then, Essilor International has implemented a wide range of corrective measures under the supervision of the EssilorLuxottica Board of Directors. 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. ESSILORLUXOTTICA X This website or third-party tools used by the site itself use the cookies necessary for operation and useful for the objectives illustrated in the cookie policy, including the possibility of sending you advertisements according to your interests. 2019 was marked by several key initiatives including marketing programs such as “Varilux® em Dobro” in Brazil, “Cambia tu cara” in Colombia, and enhanced client marketing at Grupo Vision in Costa Rica. The pro forma1 net profit on an adjusted2 basis was down by 1.7% to Euro 1,871 million. 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?”. 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. The Board of Directors has also approved the unaudited pro forma1 consolidated financial information, which has been prepared for illustrative purposes only. Apply. The second half of the year showed an acceleration in sales growth compared to the first six months of the year, helped by a progressive improvement in wholesale's performance in Europe. 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. 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. OutlookThe Company’s financial objectives for 2020 assume that the COVID-19 outbreak will subside in the next few months. Business improved across all regions, proof that the strategic initiatives and growth projects are paying off. © 2021 GlobeNewswire, Inc. All Rights Reserved. The report quantifies the scale of uncorrected poor vision in the world and recommends a cumulative investment of $14 billion over the next 30 years to eliminate it. From a qualitative standpoint, its simplicity, entrepreneurial spirit and speed of execution continued to pay off. 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 … https://hosting.3sens.com/EssilorLuxottica/20190308-2690365F/en/webcast/startup.php. The Lenses & Optical Instruments division generated significantly improved growth at constant exchange rates2 for the full year 2019 when compared to 2018 consisting of balanced growth in Brazil and Spanish speaking markets through most of the year. Luxottica’s regional sales accelerated in the fourth versus the third quarter, driven by Australia, Mainland China and South East Asia. Market Overview The Lens Edger market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth … In 2017, net profit results benefited from non-recurring income related to Luxottica's Italian Patent Box agreement covering 2015 and 2016 and from the impact of US tax reform. Click the button below to request a report when hardcopies become available. 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. 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