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EL - EssilorLuxottica SA News Story

€149.22 -1.2  -0.8%

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Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £56.30bn
Enterprise Value £59.33bn
Revenue £12.34bn
Position in Universe 18th / 839

EssilorLuxottica : First quarter revenue shows solid return to growth at +14.3% versus 2020

Thu 6th May, 2021 6:00am
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First quarter revenue shows

solid return to growth at +14.3%(1) versus 2020
* Revenue above 2019 level(1) despite COVID-19 pandemic, up 2% at constant
exchange rates(1)
* Strong momentum in prescription lenses and optical retail
* E-commerce up 61% versus 2019 at constant exchange rates(1)
* North America, China and Australia driving the performance
* Strong balance sheet and free cash flow(5) generation
Charenton-le-Pont, France (May 6, 2021 – 7:00am) – EssilorLuxottica today
announced that consolidated revenue for the first quarter of 2021 totalled
Euro 4,060 million, representing a year-on-year increase of 7.3% compared to
the first quarter of 2020 (+14.3% at constant exchange rates(1)). Consolidated
revenue grew by 1.9% at constant exchange rates(1) compared to the first
quarter of 2019.

“EssilorLuxottica had a strong start to the year. While the pandemic
continued to put up a fight, we fought harder, delivering significant revenue
growth that surpassed pre-pandemic levels and met the structural need for good
vision. Our passionate employees were not deterred by the adversity - they
remained agile and focused on improving the unique journey taken by our
customers and consumers.

In the first quarter, we successfully capitalized on the rebound in the US and
China, while leveraging our brands, product innovation, distribution and
digitalization everywhere in the world.  

Our integration gained further momentum and we made good progress in several
areas, while continuing to make new bolt-on acquisitions. Our sustainability,
social impact and inclusive business agendas remained at the heart of our
mission and business model.

The position we’re in today gives us greater confidence in our ability to
outperform the industry.” said Francesco Milleri and Paul du Saillant,
respectively CEO and Deputy CEO of EssilorLuxottica.

EssilorLuxottica is a global leader in the design, manufacture and
distribution of ophthalmic lenses, frames and sunglasses. 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 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. 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. 
In 2020, EssilorLuxottica had over 140,000 employees and consolidated revenues
of Euro 14.4 billion. 
The EssilorLuxottica share trades on the Euronext Paris market and is included
in the Euro Stoxx 50 and CAC 40 indices. 
Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP.

CONTACTS

 EssilorLuxottica Investor Relations Team Contacts: IR contacts (https://www.essilorluxottica.com/investor-relations-contacts) E-mail: ir@essilorluxottica.com  EssilorLuxottica Corporate Communications E-mail: media@essilorluxottica.com  


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