EssilorLuxottica : EssilorLuxottica’s third-quarter 2021 revenue / Keeping the pace of a fast recovery at +9% / Full year outlook upgraded again and GrandVision consolidation
29 Oktober 2021 - 7:00AM
EssilorLuxottica : EssilorLuxottica’s third-quarter 2021 revenue /
Keeping the pace of a fast recovery at +9% / Full year outlook
upgraded again and GrandVision consolidation
EssilorLuxottica’s
third-quarter
2021 revenue
Keeping the pace of a
fast recovery at +9%
Full year
outlook upgraded again
and GrandVision
consolidation
EssilorLuxottica
including
GrandVision:
- Q3 total
revenue close to Euro 5.5 billion,
+33% versus 2019 at
constant exchange rates1
- Q3
comparable3
revenue +9.3%
versus 2019 at constant exchange
rates1
-
Consolidated
free
cash
flow5
at Euro 2.3 billion
in first nine
months
EssilorLuxottica
excluding
GrandVision:
- Q3
total
revenue
+9.0%
versus 2019 at constant exchange
rates1
- North America
still up double
digits, EMEA and
Latam
accelerating,
Asia-Pacific still
negative
- Professional
Solutions positive and accelerating in all
regions
-
Comparable-store
sales4 steadily
positive, up double
digits in North
America
- E-commerce up
approximately 50%, at
8% of total revenue year
to date
- FY 2021
outlook upgraded
again
Charenton-le-Pont,
France (October 29,
2021 –
7:00
am) –
EssilorLuxottica today announced that consolidated revenue
including GrandVision (consolidated since July 1, i.e. for the
third quarter only) totalled Euro 14,241 million in the first nine
months of the year. On a comparable3 basis, consolidated revenue
amounted to Euro 5,465 million in the third quarter and Euro 15,918
million in the nine months, +9.3% and +6.2% respectively at
constant exchange rates1 versus the same periods of 2019.
Francesco Milleri and Paul du Saillant, CEO and
Deputy CEO of EssilorLuxottica, said: “We are proud of the revenue
performance our Company delivered in the third quarter of the year,
keeping the pace of the fast recovery already posted in the second
quarter. Including GrandVision, in its first quarter of
consolidation into the Group, EssilorLuxottica’s comparable3
revenue grew even faster, at 9.3% versus pre-COVID levels at
constant exchange rates1. Moreover, while accelerating in revenue,
our Company has materially expanded its margins, proving to which
extent it can operationally leverage the business growth. This has
led us to upgrade once again our outlook for the full year, now
pointing to a more material operating margin lift. Such a sound
performance is driven by the Company’s omnichannel and open
business model, its new integrated commercial initiatives and its
rich innovation pipeline, all at the heart of its long-term
strategy.
In the context of the World Sight Day,
celebrated on October 14, we're also pleased to highlight all the
initiatives the Company put in place in many different geographies
to give vision a voice, while its ‘Eyes on the Planet’
sustainability program continues to progress nicely, based on the
five pillars of carbon, circularity, world sight, inclusion and
ethics”.
EssilorLuxottica is a global leader in the
design, manufacture and distribution of ophthalmic lenses, frames
and sunglasses. 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. 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. Influential eyewear brands including Ray-Ban and Oakley,
lens technology brands including Varilux and Transitions, and
world-class retail brands including Sunglass Hut and LensCrafters
as well as – since July 1, 2021, via a majority interest –
GrandVision network are part of the EssilorLuxottica family. In
2020, EssilorLuxottica had over 140,000 employees and consolidated
revenues of Euro 14.4 billion. The EssilorLuxottica share trades on
the Euronext Paris market and is included in the Euro Stoxx 50 and
CAC 40 indices. Codes and symbols: ISIN: FR0000121667; Reuters:
ESLX.PA; Bloomberg: EL:FP.
CONTACTS
Head of Investor RelationsGiorgio IannellaE-mail:
ir@essilorluxottica.com |
Head of Corporate CommunicationsMarco
CatalaniE-mail: media@essilorluxottica.com |
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