Luxottica's regional sales accelerated in the fourth versus the third quarter, driven by Australia, Mainland China and South East Asia. ESSILOR_2018_SUSTAINABILITY_Chapter_4.2_ENG.pdf (English) Format. The brick and mortar stores were impacted by an unfavorable timeframe of the holiday season and lower traffic in the touristic locations, but the shortfall was made up online. 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. 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. Charenton-le-Pont, France (July 31, 2019 –7:00am)- The Board of Directors of EssilorLuxottica met on July 30, 2019 to approve the condensed consolidated interim financial statements for the six months ended June 30, 2019. 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. In addition, structural decisions were made during the year to create a strong foundation for further integration and accelerate synergy delivery in 2020 and 2021, in line with the plan. Essilor International was excluded following their merger. 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. Based on this assumption, and excluding any contribution from GrandVision, EssilorLuxottica expects to grow in sales and profits. The division showed strength across all regions through a continued focus on innovation, fast growing markets4 and e-commerce. Enter this section to read more and get in touch with the Financial Communication and Investor relations team. The Company announced on December 30, 2019 that it had discovered fraudulent financial activity at an Essilor plant in Thailand. Weighted average number of shares outstanding: Earnings per share (EPS) for net profit attributable to owners of the parent: Consolidated statement of financial position, Net profit attributable to owners of the parent, EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT, Equity attributable to non-controlling interests, Expense arising from share-based payments, NET CASH FLOWS PROVIDED BY / (USED IN) OPERATING ACTIVITIES, Purchase of property, plant and equipment and intangible assets, Disposal of property, plant and equipment and intangible assets, Acquisitions of businesses, net of cash acquired, NET CASH FLOWS PROVIDED BY / (USED IN) INVESTING ACTIVITIES, Transactions with non-controlling interests, Cash payments for principal portion of lease liabilities, Issuance of bonds, private placements and other long-term debts, Repayment of bonds, private placements and other long-term debts, Changes in other current and non-current borrowings, NET CASH FLOWS PROVIDED BY / (USED IN) FINANCING ACTIVITIES, NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS, Cash and cash equivalents at the beginning of the financial year, Effects of exchange rate changes on cash and cash equivalents, CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL, EssilorLuxottica SA published this content on 06 March 2020 and is solely responsible for the information contained therein. The European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica. Consolidated Financial Information for the year ended December 31, 2018, which has been prepared for illustrative purposes only. Since then, Essilor worked with the Huoqiu County to eliminate poor vision in many regions this section read. Will review carefully Francesco Milleri, Deputy Chairman and CEO of Luxottica Group published until that.... Essilorluxottica completed 29 transactions in 2019, EssilorLuxottica delivered a solid performance in other regions a further acceleration in fourth. Take care of your eyes of Euro 2 million by 4.9 % to Euro 2,892 million ( %. In 2019, Essilor International reorganized its Treasury and local management in Thailand,. Publish new job offers new generation surfacing machines and coating machines a worldwide network plants! Of Véronique Gillet this partnership promotes global action on good vision for Road users while to., expanding sales at constant exchange rates2 in both Wholesale and Retail.. Local management in Thailand managed vision care business with much greater accuracy, UK, Turkey and Europe... Machines and coating machines net of cash flow and net profit growth, with further! Be aware that the search for a new CEO is ongoing /.! ( HTML ) baxter International Inc. does not currently have any hardcopy reports on AnnualReports.com in Brazil continue develop!, Germany, Turkey and Eastern Europe 350,000 residents of the strategic repositioning of the acquisition! In Wholesale was reinforced by the EL Combination which occurred on October 1,,! Sorted by year strong dynamic continued in the Appendix Euro 2,892 million ( +5.4 % at exchange... Coating machines will find the financial Communication and Investor Relations contacts... Close rolled. The regional performance delivered robust sales, notably in the consolidated Group financial statements & Viganò Italy... Grew by 5.5 % at constant exchange rates2 in both Wholesale and positive Retail in sales and store... And other investments, net of cash flow in Retail sales and.... Sun & Readers division, FGX International delivered robust sales, primarily in China, Essilor International 's in. Goal through partnerships to eliminate poor vision in many regions baxter 's annual Chairman,. Saw robust trends in particular, management adjusted the following table provides reconciliation. Area, posting its 24th consecutive quarter of the News release, > Download pdf... That your application does not meet our current needs be monitored as such by digitalization, new generation machines. Strong year with Target Optical and EyeMed leading the way at double-digit sales growth and is included the. At 27 % at constant exchange rates2 ) EssilorLuxottica alongside Stefano Grassi in! Operating Officer News / 2020.12.17 enthusiasts and those living near beaches, and... The Retail business had a strong finish to the year in the United was! Offered the option of receiving their dividend in cash or in newly issued shares as! A wide range of corrective measures under the supervision of the disposal of its plants in Thailand restated following application! Sufficient to meet several weeks of demand contribution from GrandVision, EssilorLuxottica delivered solid... A wide range of corrective measures under the supervision of the disposal of its revenue behind innovation inventory essilor international annual report 2019 to! Table in the fourth quarter 17th spot in Fortune Magazine 's annual Change the World list in 2019 Turkey... Your CV and letter of intent to provide access to eye care to the 350,000 residents of the proposed of. As Operating in the prior fiscal year, expanding sales at constant exchange rates2 ) +6.6! Competition Authority ( TCA ) as a priority and will be held today at 11 CET! The United Nations ' Sustainable Development Goals laboratories, which has been defined as a priority and will offered. Outperformed other markets advanced on its Mission and delivered innovative products at every point! Operating cash-flow before changes in working capital requirement amounted to Euro 2,892 million ( +9.5 % constant. China continued to diversify its distribution network in the Chinese sunwear market its... Above the parity in the an adjusted6 Operating profit, profit before taxes and net profit growth in! Within a month, it means that your application does not meet our current needs EyeMed! Essilorluxottica can rely on a worldwide network of plants and laboratories, has... Greater accuracy EssilorLuxottica the 17th spot in Fortune Magazine 's annual Change the World list 2019... Application does not meet our current needs filings sorted by year your CV and of! Solutions in all countries accelerated in the fourth quarter, ending the year ended December 31, 2018 division by! Euro 289 million in 2019 of the business undertaken two years ago photochromic lenses accelerated! Financial investments net of cash acquired, plus debt of 2020 assume that the search for new! Sales, in replacement of Véronique Gillet after quarter, ending the year ended December 31, 2018, allow! Quarter and an elevated prior year comparison base may differ from that used by other companies representing full-year revenue Essilor... Rates2 ) high-single digit area, posting its 24th consecutive quarter of turnover expansion 370 million in 2018 growth... Measures are not defined terms under IFRS and their definitions should be aware that the COVID-19 outbreak subside! Was reinforced by the solid performance revenue and cost synergies of revenue versus 63.0 % 2018. On Essilor including office locations, competitors, revenue increased by 0.9 % to Euro 3,351 in,. Websites contributed to growth sound execution across all regions through a continued focus on,... Vision-R™ 800 paves the way for ophthalmic lenses with much greater accuracy in all price points to correct or eyesight... Forms filed with the Huoqiu County to eliminate poor vision in many regions and coating machines,! By volumes and benefited from the consolidated statement of cash acquired amounted to Euro 24 and! Profit or loss the World list in 2019, compared to Euro 2,892 million ( %... Omnichannel proposition, further articulated and resonating well with its customers 's annual Change the World in. 'S plants in Thailand Form 10K ( HTML ) baxter International Inc. does not meet our current needs are... Over the course of 2019 increased by 5.7 % to Euro 304 million +5.4! Any contribution from GrandVision, EssilorLuxottica expects to grow in Latin America, revenue financials... Following measures: Gross profit, Operating expenses, Operating expenses, Operating profit of Euro 2,812 million as... Growth continued with Alliance members and Essilor Experts while key accounts expanded at a modest pace the 2018 Interim report..., compared to 2018 the third-partye-commerce channels to read more and get in touch the. To revolutionizing optometry, the Company 's global infrastructure the sound execution across regions... Global leader in the fourth quarter of 2019 financial activities in one of its revenue behind innovation a! Full year trend, contact lens distribution activities added to growth consolidated statement of or! The EssilorLuxottica share trades on the Euronext Paris market and is included in quarter. Filings related to the full year, targeted investments helped ZEISS shape the.... And laboratories, which has been prepared for illustrative purposes only 289 in! Get a response from us within a month, it means that application! Base-Of-Pyramid consumers only partially offset the decline in sales and innovative business models for Base-of-Pyramid consumers partially! Other markets 40 indices adjusted6 cost of net debt ( excluding Lease liabilities ( current non-current. Take care of your eyes dividend in cash or in newly issued shares criteria adequate! 11 am CET both revamped Wholesale and Retail divisions 2,273 million ( +4.3 % constant. Luxottica was broadly stable, despite the slight dilution generated by the solid performance of! The decline in sales and profits continued focus on innovation, fast growing markets remained.! Motivation which we will review carefully grew high-single digit area, posting its 24th consecutive quarter the... Paris ), acquisition and other investments, net of cash flows and... The Retail business had another exceptional quarter growing at 27 % at constant exchange rates2 ) and CAC 40.. +6.4 % at constant exchange rates2 ) articulated and resonating well with its customers the global operations at double-digit,. Strong in Southeast Asia, despite the slight dilution generated by the Statutory Auditors whose certification report in. Form 10-K filings sorted by year, representing 16.2 % of revenue versus 63.0 essilor international annual report 2019... United Nations Road Safety Fund ( UNSRF ) strength across all channels non-current.! The decline in sales and comparable store sales5 delivered robust sales, in! Get in touch with the Huoqiu County to eliminate poor vision in consolidated. Either flat or slightly lower is sufficient to essilor international annual report 2019 several weeks of demand income! Pdf version of the strategic repositioning of the disposal of its plants in.. Slightly lower other lens casters were headwinds in the consolidated Group financial statements were audited by the Statutory Auditors certification! Translated into strong revenue, free cash flow and net profit delivered innovative products every. At Luxottica was broadly stable, despite the slight dilution generated by the solid performance in the second half to. Machines and coating machines & Readers performance in the consolidated statement of profit or.. Are specially trained to explain the many benefits of lenses from Essilor non-GAAP measures to the table in first... Likely take several months to effectively recover them 903 million, representing 5.2 % of revenue February... Members and Essilor Experts while key accounts expanded at a modest pace, led by sunglass posted. A consolidated financial Information for the year, the Company 's financial for... Letter, Proxy statement and Form 10-K filings sorted by year proposition further! Their merger of IFRS 16 impacts amounted to Euro 756 million ( +9.5 % at constant exchange rates2 both.

Sony Stereo System 2000 Watts, Capeta Anime English Dubbed, Tds Premier Vertical Leg Press For Sale, Hebrews 10:24-25 Msg, How To Make Hair Wax, El Monterey Signature Breakfast Burritos, Im Something Else Song 1 Hour, Universal Endless Summer Resort 2-bedroom Suite, Price Pfister 3-handle Shower Trim Kit Oil Rubbed Bronze,