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. 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. The final appointment is expected to be made by the end of 2020. 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. In Asia, Oceania and Africa, revenue increased by 7.4% to Euro 2,892 million (+5.4% at constant exchange rates2). ** Reconciliation from Reported to Pro forma1 2018 statement of profit or loss is available in the Appendix. All regions were on the rise, with a remarkable acceleration experienced by North America over the second part of the year supported by positive trends at independents, department stores and third-party e-commerce. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. Date Title Online version PDF; 5 Aug 2020: Half Year 2020 Financial Report: n.a. Following Balmain and Isabelle Marant, this year L’Oréal Paris organised a new fashion and makeup brand collaboration in memory of Karl Lagerfeld, combining the designer’s creative energy and L’Oréal’s perception of beauty. This partnership promotes global action on good vision for road users while contributing to the United Nations’ Sustainable Development Goals. 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. In addition, strong market demand for readers and sunglasses allowed FGX International to make up in the second half for the impact of a demanding comparison basis in the first six months. (a) As presented in the consolidated statement of cash flows. The final appointment is expected to be made by the end of 2020. The Sunglasses & Readers division performed well in 2019, with revenue rising 12.5% to Euro 885 million (+8.9% at constant exchange rates2). The business contributed to group profitability, which enabled continued R&D investment to support innovation in production methods and lab efficiency across the global ophthalmic lens industry. GrandVisionThe European Commission has initiated a Phase II review of the proposed acquisition of GrandVision. Rather, these other non-GAAP measures should be used as a supplement to IFRS results to assist the reader in better understanding the operating performance of the Group. The order book ended the year slightly up. Moreover, investors should be aware that the Group's method of calculating those non-GAAP measures may differ from that used by other companies. Publication of the 2019 Interim Financial Report Charenton-le-Pont,France - The Board of Directors of EssilorLuxottica met yesterday to approve the condensed... | December 12, 2020 Additional funds are currently being traced. Moreover, in the wake of this incident, Essilor International reorganized its Treasury and local management in Thailand. Elsewhere in Europe, revenue was either flat or slightly lower. EssilorLuxottica is a global leader with an ambition to grow the industry. It delivered double-digit growth in China, thanks to branded lenses (notably EyezenTM, Crizal® and Varilux®), instruments, myopia control solutions and innovation in the midrange. In addition to the press release announcing the H1 results, the report comprises the condensed consolidated interim financial statements, the management report, the unaudited pro forma condensed consolidated interim financial information, the statement by the person responsible for the interim financial report and the auditors' review report. EssilorLuxottica completed 29 transactions in 2019, representing full-year revenue of close to Euro 218 million. Publication of the 2019 Interim Financial Report Charenton-le-Pont, France (July 31, 2019) - The Board of Directors of EssilorLuxottica met yesterday to approve the condensed. EssilorLuxottica: Publication of the 2019 Interim Financial Report Publication of the 2019 Interim Financial Report. Charenton-le-Pont, France (May 16, 2019 – 8:00 pm) – EssilorLuxottica’s Annual General Meeting was held today at the Maison de la Mutualité in Paris, chaired by Leonardo Del Vecchio, Executive Chairman, and Hubert Sagnières, Executive Vice-Chairman, of EssilorLuxottica. 2013 Annual Report. EssilorLuxottica shareholders Research and development costs of Euro 291 million, as the Group continues to invest the same portion of its revenue behind innovation. Over the course of 2019, Essilor worked toward this goal through partnerships to eliminate poor vision in many regions. 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. The lens strategy in the United States, led by key brands and innovation, partnerships with Independent Eyecare Professionals (ECP) and key accounts, continued to deliver results. FraudOn December 30, 2019, EssilorLuxottica announced that its subsidiary Essilor International discovered fraudulent financial activities in one of its plants in Thailand. The Company brings together the complementary expertise of two industry pioneers, one in advanced lens technology and the other in the craftsmanship of iconic eyewear, to set new industry standards for vision care and the consumer experience around it. In Bhutan, 30,000 pairs of glasses have been delivered to date to make this country the first in the world to eliminate poor vision. 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. 1 Pro forma: the Restated Unaudited Pro Forma Consolidated Financial Information has been produced for illustrative purposes only, with the aim of providing comparative information for the year ended December 31, 2018 as if the combination between Essilor and Luxottica had occurred on January 1, 2018. These financial statements were audited by the Statutory Auditors whose certification report is in the process of being issued. In 2019, EssilorLuxottica had more than 150,000 employees and consolidated revenues of Euro 17.4 billion. Along with growing and improving our profits, we set a new standard for the way technology can elevate an entire organization, from online sales growth to our deep connections with consumers across every channel. 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. It continued to diversify its distribution network in the United States and to expand its international and online operations.The Equipment division posted a modest decline for the year, owing mainly to softer fourth quarter dynamics, as key customers work to absorb capacity from recent investment programs. Annual Report 2019. Full Year 2019 revenue by geographical area. 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. 2014 Annual Report 1.1 MB. EssilorLuxottica can rely on a worldwide network of plants and laboratories, which allow flexibility and continuity. As the company had only been in existence since October 2018 the Annual report contains pro forma results on the basis that Essilor Luxottica had existed for the Full Year 2018. 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. 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. Hong Kong retail remained negative, for the fourth consecutive year. 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. 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. It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income. In North America all the networks contributed to the division growth, in particular the Optical Retail Business led the growth with LensCrafters posting the strongest quarter of the year (thanks to a healthy insurance week and a strong price-mix), a solid contribution from the insurance business unit Eye Med as well as Target Optical and Pearle Vision. Both Luxottica divisions posted the best quarter of the year. 2017 Annual Report. Contingency plans can be activated in case of a protracted pandemic. Non-recurring Other income / (expenses) are adjusted for Euro 166 million corresponding to the following impacts: non-recurring loss related to the fraudulent financial activities in a plant in Thailand for an amount of Euro 185 million (including foreign exchanges impacts); non-recurring costs related to M&A and divestment transactions for Euro 22 million mainly related the loss resulting from the sale of Merve as a condition required by the Turkish anti-trust authorities to approve the combination of Essilor and Luxottica for Euro 14 million, as well as a non-recurring impact on final deferred payments paid on various past acquisitions; net negative impact of Euro 5 million related to other non-recurring transactions linked to significant claims and litigations; and. SEC Filings & 20 F; Results and presentations. Retail sales increased soundly in the quarter in high-single digit area, posting its 24th consecutive quarter of turnover expansion. EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. 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. 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. 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. In Europe, revenue increased by 4.9% to Euro 4,236 million (+5.1% at constant exchange rates2). The division strengthened its positions in the Chinese sunwear market, its main market in the region.The Equipment division posted solid growth as market conditions in fast growing markets remained favorable. Marcolin - 2018 Annual Report. The benefit from the consolidation of Barberini weighted to a smaller extent. Sunglass Hut posted positive performance building on a winning omnichannel proposition, further articulated and resonating well with its customers. Hong Kong confirmed to be a drag, with no signs of improvement, while GMO was impacted by protests in Chile and Ecuador in the last quarter of the year. Financial data; Multi-year overview; Debt & Dividend Profile. Recovery of misappropriated funds: The company progressed with freezing funds on different bank accounts in several jurisdictions. 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