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. 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. Luxottica's shared value approach; People, the real driving force of Luxottica; The safety culture; The responsible management of the supply chain; Protecting The Environment. * The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica���s brand portfolio (see appendix). Among the regions, North America posted flat revenue at constant exchange rates1 supported by the optical business (EyeMed and Target materially positive, LensCrafters neutral at adjusted comparable store sales4), Asia-Pacific was single-digit negative at constant exchange rates1 sustained by a continued strong performance at OPSM in Australia/New Zealand (up double digits in sales1), while Europe and Latin America posted more negative trends. The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica’s brand portfolio. Combined with our drive to promote our large portfolio of brands, digitalise the consumer journey and more broadly reshape and transform the eyecare and eyewear industry, this all gives us great confidence in the Group's future prospects for 2021 and beyond", commented Francesco Milleri, Deputy Chairman and CEO of Luxottica, and Paul du Saillant, CEO of Essilor. Retail was equally down, with all countries in the region suffering especially in the beginning of the quarter. The performance at Sunglass Hut Brazil then started to progressively recover resulting in positive adjusted comparable store sales4 in the month of September. Yarui Xiamen Optical (Bolon)’s optical frames and MJS’s online platforms kept attracting strong consumer demand. Sunglasses & Readers sales were down single digits during the quarter with strong direct e-commerce revenue. 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. EssilorLuxottica Societe Anonyme revenue for the twelve months ending June 30, 2020 was $0M, a NAN% increase year-over-year. The Equipment division posted revenue down 14.9% (-11.7% at constant exchange rates1). Revenue synergies were somewhat delayed by temporary store closures but are gradually catching up, with important milestones reached on complete pairs (Ray-Ban Authentic), joint ECP programmes (EssilorLuxottica 360) and cross-selling. CHARENTON-LE-PONT, France���EssilorLuxottica (Reuters: ESLX.PA) yesterday reported consolidated revenue of ���4,085 million for the third quarter of 2020 ending Sept. 30, representing a year-on-year decline of 5.2 percent, or -1.1 percent at constant exchange rates. GMO also started to improve trends during the quarter, especially in Chile, while Sunglass Hut Mexico continued to struggle. In the last few months, the need for good vision confirmed its resilience and structural characteristics despite a volatile health and business environment. Oakley performed particularly well in both eyewear and AFA driven by the success of the NFL partnership. MJS sales improved sequentially but were still down year-on-year due to the retail chain exposure to. (March 6, 2020). Wholesale remained under pressure over the period, showing nonetheless progressive improvements compared with the first half of the year. Post-lockdown conditions revealed the strong entrepreneurial spirit driving ECPs and their ability to adapt swiftly to the new business environment. This was especially true in eye doctor alliances and with Essilor Experts. In parallel, the Company leveraged its unique ability to engage with independent eye care professionals. Optical activities, which represent a solid 70% of the Company’s revenue, drove the regained sales momentum. In the third quarter, OneSight opened 13 Sustainable Vision Centres across Rwanda and Zambia, bringing permanent vision care access to an additional 2.6 million people. The banner benefitted from positive conversion rates and the high penetration of Smart Shopper sales as a proportion of the total. The Sunglasses & Readers division and the Equipment division both experienced double-digit sales declines in the region, as their customers were reluctant to spend their cash and invest, either to update their displays or to buy new machines. In the US, FGX was still down year-on-year despite double-digit growth in e-commerce and good sell-through trends, especially in dollar stores, while department stores and travel retail continued to suffer. The Lenses & Optical Instruments division posted revenue down 1.8% (up 2.7% at constant exchange rates1). 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 EssilorLuxottica share trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. The division enjoyed a good product mix thanks among others to anti-fatigue and blue-cut lenses, which alleviate the eye strain from the increased screen time triggered by the pandemic. Luxottica Group: global net sales 2018, by product category Number of stores of Luxottica worldwide 2000-2019 Safilo Group: net sales distribution 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. Global revenue share of EssilorLuxottica in 2019, by geographical ��� Online sales showed strong momentum in prescription eyeglasses. Australia remained the most resilient market, with sales growth at constant exchange rates1 and adjusted comparable store sales4 both in positive territory. Blue-cut lenses benefitted from intense screen usage in the new COVID-19 environment. This was underpinned by the Company's flexible supply chain, which supported all product categories at both global and local levels. EssilorLuxottica Societe Anonyme annual revenue for 2019 was $19.477B, a 52.72% increase from 2018. 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). In geographic terms, developed markets drove the performance, both in North America, Asia and Europe, which fared particularly well. 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. For the first time, Essilor and Luxottica jointly launched a customer-facing fundraising campaign, leveraging the network of approximately 60 LensCrafters stores in China. Retail chains located in shopping malls lagged behind during the recovery. Global net sales of Luxottica 2007-2019; Global revenue of EssilorLuxottica 2018-2019, by geographical area; Global revenue of ... April 10, 2019. Revenue troughed in April before staging a marked sequential recovery from May as the lockdowns were gradually lifted. 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. On the other hand, Sunglass Hut suffered from its exposure to travellers, showing diverging adjusted comparable store sales4 between touristic and non-touristic locations and with the UK, Spain and France still in negative territory. The Lenses & Optical Instruments division posted revenue down 1.8% (up 2.7% at constant exchange rates1). The division benefitted from the restocking activity in all main channels except department stores. Strong recovery driven by resilient optical business Emerging markets3 were down year-on-year, with a magnitude reflecting their respective COVID-19 stage: sales in Latin America and India declined markedly year-on-year, while they were up materially in Greater China. As for other economies, trading conditions remained tough in markets such as Hong Kong, India, South Korea and the Philippines. This was instrumental in rolling-out or accelerating major commercial initiatives, with partnership programmes dedicated to independent ECPs (EssilorLuxottica 360, Essilor Experts, STARS), the development of promising new categories such as myopia management (with the launch of Stellest) and the ramp-up of complete pairs (with Ray-Ban Authentic). Luxottica recorded 6.7% growth in revenue (+3.0% at constant exchange rates 2), posting the same level of performance for the third-quarter and ��� Recent product announcements such as the launch of Stellest in China, a revolutionary new lens to manage myopia in children, and the recent partnership with Facebook in smart glasses, confirm that our Group never stops in its pursuit of innovation. This in turn fostered a recurring consumer appetite for value-added eyecare and eyewear solutions. Developed markets returned to year-on-year revenue growth at constant exchange rates1 in the third quarter, driving the Company’s performance. Consult the Luxottica Annual Report and Publication archive, with information about our financial perfomance since 2003. 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. Sales in Australia also swung back into positive territory thanks to the good momentum of Varilux, Crizal and Transitions lenses. The performance at optical retail improved visibly during the course of the quarter with all banners accelerating. Italy's Del Vecchio leads UniCredit investor opposition to MPS deal -sources, Consumer Cos Fall As Stimulus Negotiations Drag On -- Consumer Roundup, Chief Executive Officer & Non-Independent Director, March 12, 2021: Full-year 2020 results and conference call, May 6, 2021: Q1 2021 sales and conference call, July 30, 2021: H1 2021 results and conference call. Emerging markets3 improved significantly compared to the second quarter of 2020, with some of them already back to year-on-year revenue growth at constant exchange rates1, among which Mainland China and Eastern Europe. In North America revenue decreased by 1.5% (up 2.5% at constant exchange rates1). 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). 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-added solutions) and trade channels (independent ECPs driving the recovery). To face the challenges and opportunities created by the current uncertain times, the Company lived up to its mission by supporting its employees and customers when they needed it most. Wholesale in Mexico and retail in Chile, Guatemala and Honduras followed a similar trend, with double-digit revenue declines in the quarter, hiding a return to growth in September after stores could reopen. Strong recovery driven by resilient optical business. The ClickCheck, a revolutionary new screening tool, was launched by Essilor’s Base-of-Pyramid Innovation Lab. However, trends in Brazil slightly improved during the last weeks of the quarter due to a partial recovery of the independent channel. In Greater China, Xiamen Yarui Optical (Bolon) turned positive, up double digits year-on-year. 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. 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. Consumables, spares and maintenance services were more resilient. EssilorLuxottica SA's revenue fell slightly in the third quarter compared with the same period of 2019, but improved from earlier in the year, the ��� Luxottica Retail NA's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. 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).Among the regions, North America posted flat revenue at constant exchange rates1 supported by the optical business (EyeMed and Target materially positive, LensCrafters neutral at adjusted comparable store sales4), Asia-Pacific was single-digit negative at constant exchange rates1 sustained by a continued strong performance at OPSM in Australia/New Zealand (up double digits in sales1), while Europe and Latin America posted more negative trends.Direct e-commerce continued to outperform, with revenue from mono-brand platforms up almost two thirds at constant exchange rates1, boosted by Ray-Ban.com, Oakley.com and SunglassHut.com, all mostly driven by sunglasses sales as well as helped by focused promotions. The Company continues to approach the next few months with prudent confidence. 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. Optical activities, which represent a solid 70% of the Company's revenue, drove the regained sales momentum. E-commerce was up strong double digits for the banner. With the second wave of COVID-19 leading to new lockdowns in Europe, our priority remains the protection of our employees and the engagement with our customers and stakeholders, while we continue to closely manage business continuity and to control costs. These trends were magnified in Brazil, where sales grew double digits in September and ended the quarter down only mid-single digits. The new Varilux Comfort Max was launched in the USA during the quarter and the new Crizal Rock started in Canada in September. The magnitude of the declines reflected the duration of the lockdowns and store closures across the various countries, their geographic reach (nationwide or more local), the measures taken by the different governments to reopen their economies as well as overall consumer behaviour in face of the pandemic. Certifications; Energy Management; Sustainability Stories They swiftly adapted to a challenging environment and a new way of working, enabling the company to continue its solid recovery. 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. “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. Good quality results are being achieved. 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. 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. 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, ��� As a result, revenue at constant exchange rates1 was down 17.1% in North America, 21.6% in Europe, 21.9% in Asia, Oceania and Africa and 32.9% in Latin America. To continue reading it, access the original document here. In Mainland China sales continued their strong momentum to post double-digit year-on-year growth in the quarter, driven by branded lenses, made-to-order prescription lenses, blue-cut and the children category. 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. Third Quarter 2020 RevenueStrong 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 growth1E-commerce continued to grow fast, up 40%1 year-to-date to a record Euro 878 millionStrong Free Cash Flow2 and liquidity Charenton-le-Pont, France (November 3, 2020 ��� 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. Demand for surfacing and coating machines remained subdued. Customers continued to use their inventories to meet good in-store demand. Storesthat are or were temporarily closed due to the COVID-19 crisis are excluded from the calculation for the duration of thestore closure. 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. This recovery was driven by independent ECPs who were quick to implement new safety protocols to leverage patient interactions, generate higher capture rates and improve their product mix. (PRESS RELEASE) CHARENTON-LE-PONT, FRANCE ��� EssilorLuxottica 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. Sales posted solid year-on-year growth up to February, followed by material year-on-year declines from March due to the various COVID-19 related lockdowns across the world. It is classified as operating in the Eye Glasses & Contact Lens Stores industry. Consumables, spares and maintenance services were more resilient. The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica's brand portfolio (see appendix). 3Q 2020 Revenue 1 ESSILORLUXOTTICA 3Q 2020 REVENUE. These financial ��� Sunglasses & Readers revenue was slightly up year-on-year. * The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica���s brand portfolio (see appendix). To face the challenges and opportunities created by the current uncertain times, the Company lived up to its mission by supporting its employees and customers when they needed it most. They swiftly adapted to a challenging environment and a new way of working, enabling the company to continue its solid recovery. Emerging markets3 were down year-on-year, with a magnitude reflecting their respective COVID-19 stage: sales in Latin America and India declined markedly year-on-year, while they were up materially in Greater China. Some of the fastest-growing stocks of 2020 look primed to outperform in 2021 and the years ahead. Multiple digital initiatives rapidly transformed the Company's go-to- market strategy. Spain and the UK were the weakest performers as they continued to be penalised by a challenging COVID-19 business environment. 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. Results in the Retail division were more mixed with overall sales flat at constant exchange rates1. 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. Wholesale revenue was down 30.4% at constant exchange rates1. 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). The division continued to be challenged by the wait-and-see attitude of several customers regarding their capital investments. At the end of September, more than 95% of the Company’s stores had reopened across the globe. While it is careful about the near-term evolution of COVID-19 and about the amount of pent-up demand potentially fuelling the current recovery, it is confident about the structural resilience of optical needs. It was the division most severely hit during the second quarter, but also performed the sharpest rebound of all the divisions in the third quarter benefitting from the overall restocking activity of its client base. Stellest, the new myopia management lens for children, was successfully launched during the quarter and is off to a promising start. The Company ended the quarter with Euro 8.8 billion in cash and short-term investments and a net debt6 of Euro 3.3 billion (including leases liabilities). In contrast, trading conditions at the sun retail network proved to be more difficult. Retail performance in Greater China was affected by a third wave of COVID-19 cases in both Hong Kong and Beijing, but progressive improvements were seen in the rest of Mainland China with an overperformance in the optical category. All files can be downloaded as pdfs. 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. In the second quarter of 2020, EssilorLuxottica reported ���2,446 million in revenue, down 46.4 percent from year ago. 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). E-commerce was up strong double digits for the banner. 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. 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). In Latin America, sales decreased by 38.6% (-22.2% at constant exchange rates1) due to the continued impact of COVID-19. "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. All entities improved sequentially. Partnering with Luxottica, customers will receive a $50 rebate when they combine those Essilor lenses with a pair of branded frames from Luxottica���s portfolio, including Ray-Ban, Oakley, Costa, Arnette and Vogue Eyewear. The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica's brand portfolio (see appendix). This was especially true in dollar stores, while department stores and travel retail remained under pressure. In the third quarter of 2020, revenue totalled Euro 4,085 million, representing a year-on-year decline of 5.2% (-1.1% at constant exchange rates1). Instruments sales were also back into positive territory in September as opticians were eager to start investing again to further improve consumer experience. In geographic terms, developed markets drove the performance, both in North America, Asia and Europe, which fared particularly well. Promising results were registered on the more resilient optical side of the division. New products were also supportive of the mix with Transitions GEN 8, AVA lenses and VR-800 measuring instruments continuing their ramp-up. EssilorLuxottica SA said Friday that revenue grew in 2019, and it raised the dividend as it guided for sales growth in 2020 despite the coronavirus epidemic. 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