The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica's brand portfolio (see appendix). This strategy has created powerful impact in China with over 2,400 such access points being created to date. The teams of Essilor and Luxottica work together and in close collaboration, under the direction of the CEOs of the two companies and their Chief Integration Officers. 3 NOVEMBER 2020 3Q 2020 revenue - Third-Quarter 2020 Revenue. The business was primarily boosted by the overall restocking of the independent channel, which restarted activity after restrictions in the second quarter caused more than two thirds of wholesale customers worldwide to close.In terms of geographies, the divisional performance was driven by a strong North America and a positive Europe, while Asia and Latin America continued to be under significant COVID-related pressure. In view of the second wave of the COVID-19 pandemic in Europe, the Company will consider in December the opportunity to distribute a dividend by year end. The ClickCheck, a revolutionary new screening tool, was launched by Essilor’s Base-of-Pyramid Innovation Lab. As the pandemic reaccelerates throughout Europe and this second wave increases the level of uncertainty over the weeks to come, the Group will continue to prioritize these areas, while focussing on employee protection, business continuity and close partnerships with customers and other stakeholders. While COVID-19 disruptions continued to weigh on sales, the Company significantly mitigated their impact through strong execution, leading to a positive mix in all the main divisions, both in terms of products (consumers favoring value-addedsolutions) and trade channels (independent ECPs driving the recovery). During the third quarter, EssilorLuxottica continued its efforts to create sustainable access to vision care for underserved communities around the world as part of its global ambition to eliminate uncorrected poor vision by 2050. Spain and the UK were the weakest performers as they continued to be penalised by a challenging COVID-19 business environment. Instruments sales were down as ECPs controlled their capital expenditures. The Wholesale division posted revenue down 5.3% (-1.2% at constant exchange rates1), marking a sharp improvement compared to the second quarter, supported in particular by a positive geographical and price-mix effect. Consult the Luxottica Annual Report and Publication archive, with information about our financial perfomance since 2003. The COVID-19 crisis has turned out to be a clear catalyst for EssilorLuxottica to implement key decisions made just before the pandemic: to deepen its integration, simplify its organisation, accelerate its decision-making process, digitalise its business and transform the eyecare and eyewear industry while controlling costs and preserving cash. Third-party e-commerce platforms played a role in the recovery, in particular in North America. These included the extended rollout of Smart Shopper and in-storetele-optometry. "We are pleased with the strong rebound that our Company delivered during the third quarter and proud of all of our employees who made this possible. In geographic terms, developed markets drove the performance, both in North America, Asia and Europe, which fared particularly well. 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. Luxottica Group is a leader in premium, luxury and sports eyewear with over 7,400 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin America and Europe, and a strong, well-balanced brand portfolio. Blue-cut lenses benefitted from intense screen usage in the new COVID-19 environment. Wholesale revenue was down 30.4% at constant exchange rates1. LensCrafters posted flat adjusted comparable store sales4, with street-facing locations in positive territory while mall locations, representing approximately 70% of the store base including Macy’s, were still negatively impacted by lower traffic as well as reduced opening hours. In Greater China, Xiamen Yarui Optical (Bolon) turned positive, up double digits year-on-year. Luxottica reported ���1,284 million in revenue, down 50.6 percent from the prior year period. Post-lockdown conditions revealed the strong entrepreneurial spirit driving ECPs and their ability to adapt swiftly to the new business environment. * The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica���s brand portfolio (see appendix). In addition, the Company has undrawn credit facilities of Euro 5.4 billion. Consumables, spares and maintenance services were more resilient. This was supported not only by pent-up demand but also by an enhanced awareness from consumers about the need to take care of their eyes, particularly as they spend more time in front of screens in the COVID-19 new normal. In the last few months, the need for good vision confirmed its resilience and structural characteristics despite a volatile health and business environment. E-commerce was up 40%1 to a record Euro 878 million in the first nine months of 2020, driven by the Company’s proprietary brand platforms (Ray-Ban.com, Oakley.com and SunglassHut.com) as well as several multi-brand sites (EyeBuyDirect.com, Clearly.ca, Visiondirect.co.uk). The Company has now provided over 360 million people with access to vision care since 2013 through its two pillars of access creation: greenfield outlets (like the Eye Mitra program) and philanthropic programs via charitable clinics and Sustainable Vision Centres. sunglasses, shopping malls and lower-tier Chinese cities. Business bounced back from lockdown lows of the second quarter mainly thanks to optical retail and e-commerce, while sunglasses were affected by extremely poor travel flows and tourists’ spending (Sunglass Hut was negative worldwide). Charenton-le-Pont, France (May 5, 2020 ��� 7:00am) ��� EssilorLuxottica today announced that consolidated revenue for the first quarter of 2020 totalled Euro 3,784 million, representing a year-onyear decline of 10.1% compared to Q1 2019 revenue (-10.9% at constant exchange rates1), revealing good resistance in the current unprecedented global crisis. Global net sales of Luxottica 2007-2019; Global revenue of EssilorLuxottica 2018-2019, by geographical area; Global revenue of ... April 10, 2019. In terms of trade channels, sales were driven by independent ECPs, who benefitted from the consumer preference for the high street, and by e-commerce with strong performances at EyeBuyDirect.com, Clearly.ca and VisionDirect.co.uk. For the first nine months of 2020, consolidated revenue was 10.31 billion euros, a year-on-year decline of 21.2% (down 20.0% at constant exchange rates). The new Varilux Comfort Max was launched in the USA during the quarter and the new Crizal Rock started in Canada in September. Customers continued to use their inventories to meet good in-store demand. The chain’s core business of optical progressed nicely with the mix of optical lenses further improved thanks to the effective in-store execution. A past winner of the Company’s See Change innovation challenge, it breaks down one of the key barriers to bringing vision care to the base of the pyramid: the lack of affordable testing tools. Retail chains located in shopping malls lagged behind during the recovery. E-commerce was up strong double digits for the banner. Nine-month 2020 revenue by operating segment. In return, the strong motivation, commitment and professionalism of EssilorLuxottica's 150,000+ people and 400,000+ professional customers enabled the Group to continue to exercise its responsibility and industry leadership, thanks to a strong pipeline of innovative branded products well suited to the new environment and an eagerness to enhance the in-store consumer experience. These included the extended rollout of Smart Shopper and in-store tele-optometry. EssilorLuxottica has become stronger in these unusual business conditions, which have shown the clear benefit of our resilient optical business and our balanced mix in terms of products, segments and geographies. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. Luxottica Group S.p.A. is an Italian eyewear conglomerate and the world's largest company in the eyewear industry. For the first nine months of 2020, consolidated revenue amounted to Euro 10,315 million, representing a year-on-year decline of 21.2% (-20.0% at constant exchange rates1). November 3, 2020. On World Sight Day, EssilorLuxottica deployed around 70 initiatives from over 40 countries around the world, accelerating its efforts to raise awareness on eyecare while improving access to eyewear and eye exams, despite the inevitable obstacles brought on by COVID-19. The positive performance at constant exchange rates1 reflected both the structural nature of vision needs, increased consumer awareness about eye care brought about by COVID-19 and an element of pent-up demand. For the first nine months of 2020, consolidated revenue ��� In geographic terms, developed markets drove the performance, both in North America, Asia and Europe, which fared particularly well. Revenue troughed in April before staging a marked sequential recovery from May as the lockdowns were gradually lifted. Translated by Erin Floyd Release December 11, 2020 French and Italian eyewear group Essilor Luxottica is reconsidering a multi-billion dollar acquisition of its Dutch distributor Grandvision, people familiar with the matter told Bloomberg. Wholesale remained under pressure over the period, showing nonetheless progressive improvements compared with the first half of the year. Yarui Xiamen Optical (Bolon)’s optical frames and MJS’s online platforms kept attracting strong consumer demand. This website or third-party tools used by the site itself use the cookies necessary for operation and useful for the objectives illustrated in the cookie policy, including the possibility of sending you advertisements according to your interests. STARS closed the quarter slightly above 16,700 doors (after 50 net additions in the period, mostly in the US and Brazil), posting 23% growth in revenue at constant exchange rates1 and representing approximately 18% of the division's total business. For each geographic area, the calculation applies the average exchange rate of the prior period to bothperiods.5 Adjusted measures or figures: adjusted from the expenses or income related to the combination between Essilor and Luxottica and other transactions that are unusual, infrequent or unrelated to the normal course of business as the impact of these events might affect the understanding of the Group’s performance.6 Net debt: sum of Current and Non-current borrowings, Current and Non-current lease liabilities, minus Short-term investments, Cash and cash equivalents and the Interest Rate Swap measured at fair value as disclosed in the IFRS consolidated financial statements. After a challenging first half of the year, sunglasses sales started to fare better. As the pandemic reaccelerates throughout Europe and this second wave increases the level of uncertainty over the weeks to come, the Group will continue to prioritize these areas, while focussing on employee protection, business continuity and close partnerships with customers and other stakeholders. It is classified as operating in the Eye Glasses & Contact Lens Stores industry. The Company remains on track to deliver cumulative synergies of Euro 420 to 600 million as a net impact on adjusted5 operating profit by 2023. Over the next few quarters, EssilorLuxottica intends to leverage its integrated assets and vertical business model to safeguard its ability to outperform the eyecare and eyewear industry. Charenton-le-Pont, France (November 3, 2020 – 7:00am) – EssilorLuxottica today announced that consolidated revenue for the third quarter of 2020 totalled Euro 4,085 million, representing a year-on-year decline of 5.2% (-1.1% at constant exchange rates1) and highlighting a strong sequential recovery compared to the second quarter of 2020. This was supported not only by pent-up demand but also by an enhanced awareness from consumers about the need to take care of their eyes, particularly as they spend more time in front of screens in the COVID-19 new normal. * The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica’s brand portfolio (see appendix). Equipment sales were down 28.1% at constant exchange rates1 as cash preservation by its clients during the pandemic weighed on their investments. Multiple digital initiatives rapidly transformed the Company’s go-to-market strategy. Valued-added lenses materially contributed to the optical performance, complementing the premium proposition in retail and sustaining the category price-mix (sales of lenses in Luxottica's Retail up mid-to-high-single digits at constant exchange rates1 in the quarter). Third Quarter 2020 Revenue Strong recovery driven by resilient optical business * Revenue down 1.1% at constant exchange rates1 (-5.2% at current exchange rates) * Optical business and developed markets back to year-on-year growth1 * E-commerce continued to grow fast, up 40%1 year-to-date to a record Euro 878 million * Strong Free Cash Flow2 and liquidity Charenton-le-Pont, ��� (March 6, 2020). The division continued to be challenged by the wait-and-see attitude of several customers regarding their capital investments. 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