Essilor Posts 4.4 Percent Rise in 3Q Revenue

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CHARENTON-LE-PONT, France—EssilorLuxottica (Euronext Paris: EL), Essilor International’s new corporate name since it combined with Luxottica Group S.p.A. (MTA: LUX) on Oct., 1, 2018, posted a 4.4 percent increase in revenue, up 5 percent like-for-like, to €1.8 billion. Essilor and Luxottica reported their third-quarter revenues separately, and will report fully integrated results from next year. Although the revenue was lower than expected, Essilor is keepings 2018 targets, namely like-for-like revenue growth of around 4 percent, Reuters reported.

Sales for Essilor’s Lenses & Optical Instruments division rose 4.5 percent like-for-like, to €1.6 billion. In North America, revenue for the division increased by 3.9 percent like-for-like, to €693 million. Essilor’s Sunglasses & Readers division experienced double-digit growth, with revenue of €581 million.