And in China, Essilor worked with the Huoqiu County to eliminate poor vision in the county within three years. Growth in the Lenses & Optical Instruments division remained in double digits at constant exchange rates2 through a mix of strong underlying trends and new partnerships. EssilorLuxottica confirms that the search for a new CEO is ongoing. They would aim at optimizing the Company’s global infrastructure. 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. Missing a competitor? (March 6, 2020). Recovery of misappropriated funds: The company progressed with freezing funds on different bank accounts in several jurisdictions. €1.3b (FY, … Performance of the sun category stood out in the fourth quarter. Equity increased mainly for the result of the year (Euro 1,670 million including other comprehensive income items), the share capital increases related to the sell-out and squeeze-out procedures on Luxottica shares, as described in paragraph 1.2.2 – Significant Events (Euro 1,019 million) and the share-based payments accounted for in 2019 (Euro 154 million), while decreased by Euro 959 million following dividend distribution. Australia, Mainland China, South East Asia and Middle-East drove the group’s performance in the area, more than balancing the decline in Hong Kong and travel retail business, while Japan and Korea closed the year at around the par. FraudOn December 30, 2019, EssilorLuxottica announced that its subsidiary Essilor International discovered fraudulent financial activities in one of its plants in Thailand. Non-recurring Cost of sales for Euro 27 million associated with restructuring and reorganization projects mainly linked to initiatives aimed at transforming the Group’s distributive network (i.e. So far, the virus has also slightly impacted the Company’s revenue performance in other regions. $59 per month* In 2015, more than . 2018/19. Euro 300 to Euro 350 million in the period 2019-2021; Euro 420 to Euro 600 million by 2022-2023. Annual Information Document; Other documents; Procedure for related parties transactions; Internal Dealing … 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. The order book ended the year slightly up. For Luxottica, in the fourth quarter the still sound performance of Brazil was counterbalanced by weakening result of Mexico, all in all ending up in flattish sales at constant exchange rates2 in the region. and over 1 Mio. In Europe, revenue increased by 4.9% to Euro 4,236 million (+5.1% at constant exchange rates2). 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. Goodwill increased by Euro 588 million, of which Euro 206 million resulting from acquisitions made in 2019, and Euro 382 million resulting from foreign currency fluctuations (including foreign currency fluctuations on the goodwill arising from the EssilorLuxottica Combination, amounting to Euro 333 million). Performance was stronger in the second half owing to the launch of Transitions® Signature® GEN 8™. ** Adjusted for 'non-recurring items arising mainly on the acquisitions of Transitions® Optical Co. Ltd, Coastal and Costa® in 2014 and Xiamen Yarui Optical Co. Ltd. (Bolon™) in 2013.' With respect to products, performance was driven by digitalization, new generation surfacing machines and coating machines. Research and development costs of Euro 291 million, as the Group continues to invest the same portion of its revenue behind innovation. This partnership promotes global action on good vision for road users while contributing to the United Nations’ Sustainable Development Goals. FraudThe Company announced on December 30, 2019 that it had discovered fraudulent financial activity at an Essilor plant in Thailand. 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. Incoming orders 4. 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. Adjusted6 consolidated statement of profit or loss. In this document, management presented certain performance indicators that are not envisioned by the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board and endorsed by the European Union. It is now also considering internal candidates. Net DebtGroup Net Debt (excluding lease liabilities) amounted to Euro 1,898 million at the end of December 2019, an increase of Euro 11 million compared to the restated Net Debt position at the end of December 2018. 2015-2016 annual report #BetterVision. Mainland China continued to leverage the success of the strategic repositioning of the business undertaken two years ago. 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. Italy's Luxottica and France's Essilor have agreed a 46 billion euro ($49 billion) merger to create a global eyewear powerhouse with annual revenue of more than 15 billion euros. Laurent Vacherot, President and Chief Operating Officer Annual Revenue ( € ) Essilor revenue was €7.46 b in FY, 2018 which is a 0.4% year over year decrease from the previous period. The Lenses & Optical Instruments division was a major contributor to the regional performance. 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. A Global Strategy to Beat a Global Pandemic How ZEISS is dealing with the challenges of the COVID-19 pandemic The coronavirus is changing plenty of … The comparability in 2019 consolidated financial statements is still affected by the EL Combination which occurred on October 1, 2018. The Sunglasses & Readers division contributed modestly to regional growth during the quarter. Operating cash-flow before changes in working capital amounted to Euro 3,351 in 2019.Changes in working capital requirement amounted to Euro 52 million against Operating cash-flow.Capital expenditures amounted to Euro 903 million, representing 5.2% of Group’s revenue.The Free Cash Flow7 normalized for IFRS 16 impacts amounted to Euro 1,825 million. 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. It has 34 plants, 481 prescription laboratories and edging facilities, as well as 4 research and development Other financial expenses amounted to Euro 24 million and Share of profits of associates showed a loss of Euro 2 million. Sources: 2015 estimates Essilor World Bank. 2018/19. 922 MIO. Then you will be able to mark statistics as favourites and use personal statistics alerts. Find out the revenue, expenses and profit or loss over the last fiscal year. EUR. The Company reaffirms the objective to close the transaction within 12 to 24 months from the announcement date, July 31, 2019, in cooperation with the relevant authorities. *** Adjusted for ' non-recurring items related, on one hand, to expenses associated with the proposed combination with Luxottica and, on the other hand, to the positive effects of tax changes in the United States and France.' 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. Essilor €7.46 B in annual revenue in FY 2018. About Essilor ... Essilor reported consolidated revenue of more than €6.7 billion in 2015 and employs 61,000 people worldwide. * 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. ", Essilor & EssilorLuxottica, Global revenue of Essilor from 2008 to 2019 (in million euros) Statista, https://www.statista.com/statistics/273792/global-revenue-of-essilor/ (last visited December 29, 2020), Global revenue of Essilor from 2008 to 2019, Revenue of the eyewear market worldwide by country 2019, Global Rx sunglass market revenue in 2019 & 2024, Leading exporters of sunglasses worldwide 2019, Export share of sunglasses worldwide 2019, by country, Segment shares in total market revenue of the eyewear market in North America 2018, Revenue of the sunglasses market worldwide by country 2019, Per-capita volume sales in the sunglasses market worldwide by country in 2018, Independent vision care retail market share in the U.S. 2018, by revenue source, Sunglasses usage by Americans in summer and winter as of 2019, Sales of the leading U.S. mass merchants with optical departments 2019, Global revenue of EssilorLuxottica 2018-2019, by geographical area, Net revenue of National Vision in the United States from 2015 to 2019, Net product sales of National Vision in the U.S. from 2015 to 2019, by category, Revenue of Essilor worldwide 2019, by business sector, Number of employees of Essilor worldwide 2008-2017, Number of employees of Essilor worldwide 2015, by region, Share of global distribution of Luxottica sales by channel 2019, Net sales of services and plans of National Vision in the U.S. from 2015 to 2019, Global number of employees of Luxottica by geographical area 2014, Net revenue of National Vision in the United States from 2016 to 2019, by segment, Net product sales of National Vision in the United States from 2015 to 2019, Global sales of EssilorLuxottica 2018-2019, Net revenue of National Vision in the United States from 2016 to 2019, by brand, Sales of eyeglasses market in China 2011-2015, Per shop eyeglass frame brand number South Korea 2017, Foreign direct investment inflow in retail and wholesale sector in Turkey 2004-2019, Import value of pushchair parts in the Netherlands 2008-2018, Share of machinery and equipment exports from Hong Kong by category 2014-2016, Distribution of the top 250 retailers in Australia FY 2015 by country of origin, Total monthly value of international U.S. exports and imports of goods 2015-2019, Global revenue of Essilor from 2008 to 2019 (in million euros), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Robust public sector solutions customized to the needs of unique constituencies ... optometrists and ophthalmologists across the US. Canada and sales of Transitions to other lens casters were headwinds while contact lens distribution activities added to growth. On a global basis, the program is now comprised of approximately 16,600 doors, representing over 13% of sales for the Wholesale division. Composition; Reserved matters; Board of Statutory Auditors; Compensation; External Auditors; Internal Dealing. 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). In 2019, EssilorLuxottica’s full year revenues grew by 7.4% compared to prior-year pro forma1 revenue (4.4% at constant exchange rates2). * The 2018 comparative 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 EssilorLuxottica Combination. In Europe Sunglass Hut and Salmoiraghi & Viganò kept nicely growing, like both optical and sun business did in Australia and sun in Brazil. It is classified as operating in the Merchant Wholesalers, Durable Goods industry. Trends were strong in Sunglasses & Readers. Get the detailed quarterly/annual income statement for ESSILORLUXOTTICA (ESLOF). 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. Since its creation, the program has carried out more than 400,000 vision screenings, 120,000 eye exams and equipped 102,000 children. The second half of the year decelerated versus the first, particularly due to weaker Wholesale in the third quarter (mostly reflecting political turmoil in Hong Kong, dropping travel retail business and unfavorable weather conditions in Japan), but turning positive in the fourth quarter. 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. EUR. Legal action: Criminal charges have been filed against the perpetrators and beneficiaries of the fraud in jurisdictions, and all legal options for holding the relevant third parties liable are considered to allow the Company to obtain damages commensurate with the injury suffered. 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. 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. 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). 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. Followers on Owler 322. EssilorLuxottica S.A. annual income statement. 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. Royalties of Euro 168 million, related to the Group’s licensed frame brands. © 2020 GlobeNewswire, Inc. All Rights Reserved. On the opposite, after a positive first half of the year, the Mexican wholesale business started deteriorating in the third quarter and failed to recover in the final three months, mostly due to the poor performance of independents and key accounts. Then you can access your favorite statistics via the star in the header. In Asia, Oceania and Africa, revenue increased by 7.4% to Euro 2,892 million (+5.4% at constant exchange rates2). Been defined as a remedy from the consolidated statement of cash acquired amounted to 7.9. 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