* 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. EBIT-141 MIO. Phone (214) 496 … Are you interested in testing our corporate solutions? people equipped with eyeglasses for the . 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 brand notably solidified its leadership in fishing stores, selling to fishing enthusiasts and those living near beaches, lakes and rivers. 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. Annual Revenue ( € ) Essilor revenue was €7.46 b in FY, 2018 which is a 0.4% year over year decrease from the previous period. Since then, Essilor International has implemented a wide range of corrective measures under the supervision of the EssilorLuxottica Board of Directors. It confirms that the net impact of those synergies on adjusted6 operating profit is expected to be in the range of: In 2019, the first synergies generated as part of this plan were in line with internal expectations. Mission; ... Financial Calendar; Stock and Shareholder Information; Analyst Coverage; Debt Financing; Annual Shareholders' Meetings; Regulatory Information; Investor Relations contacts; Email Investor Alerts; IR Policy; Newsroom. Find out the revenue, expenses and profit or loss over the last fiscal year. 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. New, Everything you need to know about the industry development, Find studies from all around the internet. Synergies and integration The Company has started to drive integration and deliver revenue and cost synergies. FraudThe Company announced on December 30, 2019 that it had discovered fraudulent financial activity at an Essilor plant in Thailand. The Lenses & Optical Instruments division was a major contributor to the regional performance. 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. Corporate solution including all features. Research and development costs of Euro 291 million, as the Group continues to invest the same portion of its revenue behind innovation. Financial investments Financial investments net of cash acquired amounted to Euro 370 million in 2019, compared to Euro 289 million in 2018. The issuance of the Euro 5 billion bond in November did not have a material impact in 2019. EUR. The Lenses & Optical instruments division posted another strong full year through a continued focus on its go to market strategy in the core United States lens business along with strong e-commerce growth. "Global revenue of Essilor from 2008 to 2019 (in million euros)." N/A. 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. EssilorLuxottica has 150,616 employees across 2 locations and €10.80 B in annual revenue in FY 2018. For each geographic area, the calculation applies the average exchange rate of the prior period to both periods.6 Adjusted measures or figures: adjusted from the expenses or income related to the combination between Essilor and Luxottica and other transactions that are unusual, infrequent or unrelated to the normal course of business as the impact of these events might affect the understanding of the Group’s performance.7 Free Cash Flow: Net cash flow provided by operating activities less the sum of Purchase of property, plant and equipment and intangible assets and Cash payments for the principal portion of lease liabilities according to the IFRS consolidated statement of cash flow. Get the detailed quarterly/annual income statement for ESSILORLUXOTTICA (ESLOF). ESSILOR FINANCIALINFORMATION €millions 2017 FY 2018 FY Change 18 vs 17 Revenue 7,402 7,460 0.8% Cost of sales (3,096) (3,088) -0.3% GROSS PROFIT 4,306 4,372 1.5% As a % or Revenue 58.2% 58.6% Total operating expenses (3,031) (3,139) 3.6% OPERATING PROFIT 1,275 1.233 -3.3% As a % or Revenue 17.2% 16.5% Cost of net debt (57) (57) -1.0% the elimination of a non-recurring net gain for Euro 46 million mainly related to the profit recorded from the sale of the Group’s 25% ownership in a US based entity and the sale of another investment. In Asia, Oceania and Africa revenue increased by 6.8% to Euro 756 million (+5.0% at constant exchange rates2). 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. The financial impact has been fully recorded in the 2019 consolidated statement of profit or loss for an amount of Euro 185 million after taking into account foreign exchanges impacts; The Company launched a bond issuance for a total amount of Euro 5 billion, notably to (re)finance a portion of the consideration to be paid in relation to the proposed acquisition of GrandVision, to (re)finance the existing debt of the Company and to fund general corporate purposes. Value of the global eyewear market from 2019 to 2027, Sales of the leading 15 optical retailers in the U.S. 2019, Global revenue share of Essilor 2019, by business sector. The crisis of Sears had a significant impact on the overall performance of the Retail business leading to the decision to exit the banner by the end January 2020. In North America, Luxottica posted its best year since 2015 in terms of sales growth with Wholesale and Retail both accelerating in the fourth quarter. Such measures are not defined terms under IFRS and their definitions should be carefully reviewed and understood by investors. 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. GrandVisionThe European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica. 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. Management ChangesEssilorLuxottica confirms that the search for a new CEO is ongoing. The Group also launched new campaigns and partnerships for its top brands in frames and retail banners (Sunglass Hut returning to television after three years, Oakley becoming an official sponsor to the NFL and Ray-Ban launching a successful Sun Campaign). 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. About. English; Français; Italiano; Main navigation. The major transactions are indicated in the table below. 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. It is now also considering internal candidates. Activation of synergies in line with Company’s expectations, with structural decisions creating a strong foundation for an increase in synergy delivery in 2020 and 2021; Continued strong momentum in external growth with the proposed acquisition of GrandVision and several bolt-on transactions such as Barberini in Italy and Brille24 in Germany. 2015-2016 annual report #BetterVision. Please contact us to get started with full access to dossiers, forecasts, studies and international data. GMO closed the year positive in sales and comparable store sales5, absorbing the negative impact of the protests in Chile and Ecuador in the last quarter. 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. The Lenses & Optical Instruments division delivered strong in the region, with business up sharply in China, South Korea, Southeast Asia and Japan. In Latin America, revenue increased by 7.7% to Euro 1,108 million (+9.5% at constant exchange rates2). Uplift in Sales and Net Profit growth Strong foundation to accelerate synergy delivery. This divestment was a requirement from the Turkish Competition Authority (TCA) as a remedy from the combination between Essilor and Luxottica. Register in seconds and access exclusive features. Recently formed partnerships contributed to growth at constant exchange rates2, particularly in Mexico where sales expanded at a double-digit rate during the fourth quarter. With respect to products, performance was driven by digitalization, new generation surfacing machines and coating machines. 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. Robust public sector solutions customized to the needs of unique constituencies ... optometrists and ophthalmologists across the US. 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. Est. 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. Overall, Essilor is forecasting revenue growth (excluding currency effects) of between 6% and 8% including between 3% and 5% on a like-for-like (1) basis. The dividend will be paid – or the shares issued – as from June 15, 2020. And in China, Essilor worked with the Huoqiu County to eliminate poor vision in the county within three years. In North America, revenue increased by 7.6% to Euro 2,273 million (+4.3% at constant exchange rates2). The Corporate Identification Number (CIN) of Essilor India Private Limited is U51394KA1998PTC023723. Adjusted6 consolidated statement of profit or loss. Contingency plans can be activated in case of a protracted pandemic. Conference callA conference call in English will be held today at 11 am CET.The meeting will be available live and on a replay mode at:https://channel.royalcast.com/webcast/essilorluxotticaen/20200306_1/. Consolidated statement of financial position. 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. Non-recurring General and administrative expenses for Euro 278 million associated with the following impacts: total transaction costs related to the combination of Essilor and Luxottica for Euro 158 million (of which Euro 128 million incurred in 2017, Euro 22 million incurred in 2018 and Euro 8 million in 2019); non-recurring costs of Euro 77 million mainly linked to the removal of the performance conditions from the 2015 and 2016 share-based plans authorized by the Essilor Annual General Meeting of May 2017, less Euro 5 million adjustment related to the valuation of Essilor’s share-based payments; restructuring and reorganization expenses for Euro 48 million. Followers on Owler 322. (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. Since then, Essilor International has implemented a wide range of corrective measures under the supervision of the EssilorLuxottica Board of Directors (see page 28 for more details). Direct e-commerce grew double digit across all the platforms in the full year, mostly driven by North America that posted in the fourth the best quarter of the year. Moreover, investors should be aware that the Group's method of calculating those non-GAAP measures may differ from that used by other companies. 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. 6,297 MRD. 2018/19. Cost of net debt is adjusted for Euro 5 million corresponding to a non-recurring financial expense linked to early repayment of debt. Then you will be able to mark statistics as favourites and use personal statistics alerts. 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