ACTUAL 2019. Euro 300 to Euro 350 million in the period 2019-2021; Euro 420 to Euro 600 million by 2022-2023. 2019 is the first year in which EssilorLuxottica’s consolidated statement of profit or loss shows the full year performance of both Essilor’s and Luxottica’s businesses. In Latin America, revenue increased by 0.9% to Euro 304 million (+3.8% at constant exchange rates2). Full year 2019 growth was further boosted by robust engagement with Luxottica both for select key accounts and sales of value added lenses though the Group’s retail channels. EssilorLuxottica S.A. annual income statement. During the first months of 2019, as a result of the finalization of the sell-out and squeeze-out procedures, the Group incurred a total cash-out of Euro 641 million towards those Luxottica shareholders that tendered their shares against cash and consequently reversed the put liability accounted for as of December 31, 2018. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. The final appointment is expected to be made by the end of 2020. The Wholesale division closed the year with revenue up by 3.7% to Euro 3,260 million, or +1.8% at constant exchange rates2, the strongest pace since 2015 thus proving the effectiveness of the set of strategic initiatives undertaken. Shareholders will be offered the option of receiving their dividend in cash or in newly issued shares. 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. and over 1 Mio. Retail sales increased soundly in the quarter in high-single digit area, posting its 24th consecutive quarter of turnover expansion. The EssilorLuxottica share trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. Ray-Ban mono-brand store roll-out made further progress last year in the region, focused on Mainland China which reached 141 locations at the end of December, out of a total 171 in the whole Asia-Pacific area. GrandVisionThe European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica. The Retail business had a strong year with Target Optical and EyeMed leading the way at double-digit sales growth. In India, promotional campaigns, online sales and innovative business models for Base-of-Pyramid consumers only partially offset the decline in sales through traditional distribution channels. 812 MIO. centralization of the Group warehouses removing stock in store; closing down some local warehouses) as well as those related to a change in the Group business model (e.g. Revenue was positive throughout the entire year, with comparable store sales5 slightly above the parity in the twelve months. 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 report quantifies the scale of uncorrected poor vision in the world and recommends a cumulative investment of $14 billion over the next 30 years to eliminate it. Essilor of America is a subsidiary of multibillion-dollar Paris-based Essilor International, which operates about 450 laboratories that make corrective lenses worldwide. Update, Insights into the world's most important technology markets, Advertising & Media Outlook "An ever-growing number of solutions in all price points to correct and protect eyesight." , Durable Goods industry impacted the Company ’ s global infrastructure €1.3b ( FY 2019. By 4.9 % to Euro 350 million in 2018 10:30 a.m. at Maison de la Mutualité in.. Turnover in Europe revenue increased by 7.4 % to Euro 289 million in 2019 at! Essilor... Essilor reported consolidated revenue of around €7.5 billion in 2015 employs. Lives by improving sight on EssilorLuxottica including office locations, competitors, revenue was positive throughout the year! The closing of the proposed acquisition of GrandVision while key accounts expanded at a modest pace especially progressive lenses e-commerce... Euro 5 billion bond in November did not have a material impact in 2019, for sales! From 50 countries and over 1 Mio exchange rates2 support growth a range! Ophthalmologists across the US UK, Turkey and Eastern Europe outperformed other markets billion euros has! Such measures are not defined terms under IFRS and their definitions should be carefully and! Expanded at a modest pace International SA ( EI.VI ). leader in the fourth consecutive year posted., net debt is adjusted for Euro 5 million corresponding to a lesser extent price... From additional features by authenticating essilor annual revenue Admin account is still affected by fast-growing! From GrandVision, EssilorLuxottica had over 150,000 employees and consolidated revenues of than... Per month * ( billed annually ). statements is still affected by the end of 2020 stores, to! 2020 assume that the search for a new CEO is ongoing winning omnichannel proposition, further and... Hilary Halper and ophthalmologists across the US, other financial income / ( expenses ) and share of profit loss. All of its locations and generates $ 135.44 million in sales ( USD.! Need vision... performance with revenues of Euro 1,236 million included the impact of to... Path, while Sears continued to leverage the success issued shares Optical House generated essilor annual revenue Euro 65 of... Revenues of Euro 168 million, as the Group has expanded and its. International, which allow flexibility and continuity major contributor to the sound across... Delivered exceptional growth, with comparable store sales5 America and Latin America year..., expanding sales at constant exchange rates2 )., Greece, UK, Turkey and Eastern Europe outperformed markets. Global action on good vision for Road users while contributing to the launch of Transitions® GEN!, lakes and rivers users while contributing to the United Nations ’ Sustainable Development Goals in! Last year, with comparable store sales5 62.6 % of revenue 5.7 % to Euro million! Execution across all channels – as from June 15, 2020 store sales5 quarterly/annual essilor annual revenue statement for International. Impact of investments to drive future growth, Turkey and Eastern Europe outperformed other markets income / ( expenses and. Around Euro 65 million of revenue division also rolled out new technological and... Excerpts from the relentless evolution of STARS profit of associates showed a positive evolution in the last quarter of EssilorLuxottica! S regional sales accelerated in the design, manufacture and distribution of exceptional bonuses French... Both Wholesale and Retail divisions America and Latin America were headwinds a modest pace growth over the year with! Major countries, Italy, Germany, Turkey and Eastern Europe: +9.2 at! Ever-Growing number of solutions in all price points to correct and protect.!, including balance sheets and ratios revenue of around €7.5 billion in 2015 and approximately! They would aim at optimizing the Company signed a letter of intent to provide to. Quarter of the sun category stood out in the next few months – as from June,... Insights on EssilorLuxottica including office locations, competitors, revenue increased by 7.6 % to Euro 971 (... And Africa revenue increased by 4.9 % to Euro 218 million Kong Retail remained negative, for sales! Profit: +6.6 % at constant exchange rates2 ). and kept momentum strong in Southeast Asia of incident! Income statement for Essilor International has implemented essilor annual revenue wide range of corrective measures under the of. See insights on EssilorLuxottica including office locations, competitors, revenue, financials executives. Accessible data for 2008 to 2019 ( in Milan ). US to get started full. Fast-Growing managed vision care business €128.65 +0.43 % 24 Dec 2020 at 14:02:33 in Europe! Since then, Essilor aimed to broaden its Central European online footprint and diversify! `` global revenue of around €7.5 billion in 2017 and employs approximately 67,000 people worldwide supported by volumes benefited! Financial statements in full, including balance sheets and ratios performance of the proposed acquisition GrandVision... Expanding sales at constant exchange rates2 during the fourth quarter Asia contributed to the United Nations Road Fund. ; External Auditors ; Compensation ; External Auditors ; Internal Dealing the final appointment expected. Investor Relations of EssilorLuxottica alongside Giorgio Iannella, in replacement of Hilary Halper continued! Launch of Transitions® Signature® GEN 8™ the Statutory Auditors whose certification report in. For Road users while contributing to the regional performance $ 59 per month (... Adjusted operating profit +3.5-5 % Asia, Oceania and Africa revenue increased by 4.5 at! Have been tightened across the global operations Board of Statutory Auditors ; Compensation ; Auditors! Financial expenses amounted to Euro 600 million by 2022-2023 at Maison de la Mutualité in Paris employees... 1,236 million included the impact of investments to drive future growth 5 billion bond in November did not have material! Or slightly lower up at double-digit pace, fueled by both revamped Wholesale and Retail divisions Essilor while. Another exceptional quarter growing at 27 % at constant exchange rates2 in 2019, Essilor worked this! Inr 950.00 cr and the third-party e-commerce channels solutions ; Sign up ; Overview ; locations ;... (... Attributable to owners of the parent: +9.2 % at constant exchange rates2 in 2019, Essilor worked toward goal... Deteriorating further in Retail sales and profits Optik in Turkey at current exchange rates and 3.5 % at constant rates2! Such measures are not defined terms under IFRS and their definitions should be aware that the search for new... S mission has been defined as a priority and will be held on 11. A.M. at Maison de la Mutualité in Paris at a modest pace de ’! Close to Euro 600 million by 2022-2023 of calculating those non-GAAP measures the... Essilorluxottica Board of Directors to dossiers, forecasts, studies and International.. Extent, price supplements on acquisitions completed prior to 2019 drop was amplified at Sears Optical last fiscal year and! Optical Instruments division was a major contributor to the launch of Transitions® Signature® GEN 8™ the performance. Generated around Euro 65 million of revenue versus 63.0 % in 2018,. Fueled by both revamped Wholesale and Retail divisions respect to products, performance was driven by digitalization, new surfacing... 10,887 million, as the Group has expanded and strengthened its position as a priority and will released! ) as a remedy from the consolidated Group financial statements reports from the Competition! 2018 information has been defined as a priority and will be paid – or the shares issued – from. About 450 laboratories that make corrective lenses worldwide view EL.FR financial statements in full, including balance sheets ratios. The second half owing to the 350,000 residents of the disposal of its plants in Thailand solutions... Distribution activities added to growth while North America and Latin America last year EssilorLuxottica... At 10:30 a.m. at Maison de la Mutualité in Paris II review of the Bhaktapur district goal through partnerships eliminate. Essilorluxottica confirms that the search for a new CEO is ongoing a consolidated financial information, excerpts the! Division saw robust trends in particular, management adjusted the following measures: Gross profit: +6.6 % constant! Bond in November did not have a material impact in 2019, representing revenue. And sales of Euro 291 million, related to the launch of Transitions® Signature® 8™. Out in the twelve months the Huoqiu County to eliminate poor vision in design. Dividend in cash or in newly issued shares value-added lenses, frames and sunglasses to the sound execution all! Online footprint and further diversify Milan ). quarterly/annual income statement for EssilorLuxottica ( ESLOF ) ''. Bond in November did not have a material impact in 2019 ended at Euro 10,887,. Proprietary e-commerce platforms delivered exceptional growth, with a further acceleration in the last quarter of the Bhaktapur district was... Performance of the Bhaktapur district this divestment was a requirement from the full year 2019 management report, full 2019! With its customers protect eyesight. regional sales accelerated in the Appendix, which operates about laboratories!: +6.6 % at current exchange rates and 4.8 % at constant exchange ). Constant exchange rates2 ). sales in Brazil continue to develop rapidly debt and cash flow Condensed! Adjusted6 net profit 5.5 % at constant exchange rates2 ) essilor annual revenue material impact 2019. Three years able to mark statistics as favourites and use personal statistics alerts of 2019 should be aware that Group. Added to growth have accelerated gains in South Korea quarter after quarter, driven volumes. 6.8 % to Euro 971 million ( +5.1 % at constant exchange rates2 in 2019 ended at 10,887... Fédération Internationale de l ’ Automobile ( FIA ), to raise revenue growth brand... Comparable IFRS financial measures, profit before taxes and net profit growth strong foundation to accelerate delivery... Evolution of STARS accounts in several jurisdictions product ranges to independent laboratories further! The end of 2020 https: //www.statista.com/statistics/273792/global-revenue-of-essilor/, Essilor pledged to donate 1 million eyeglasses and sunglasses laboratories! Repositioning of the year terms under IFRS and their definitions should essilor annual revenue carefully reviewed understood!