luxottica revenue 2020

X. Ray-Ban.com, Oakley.com, SunglassHut.com and the other mono-brand proprietary platforms recorded another strong quarter, with sales overall up approximately 70% at constant exchange rates1 and all websites contributing to this success. Stellest, the new myopia management lens for children, was successfully launched during the quarter and is off to a promising start. 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). 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). 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. (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. 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. Retail was equally down, with all countries in the region suffering especially in the beginning of the quarter. They swiftly adapted to a challenging environment and a new way of working, enabling the company to continue its solid recovery. Developed markets returned to year-on-year revenue growth at constant exchange rates1 in the third quarter, driving the Company’s performance. 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. 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. Certifications; Energy Management; Sustainability Stories Salmoiraghi & Viganò consistently improved, getting closer to flat adjusted comparable store sales4 in the quarter. The strong balance sheet also reflects the sound Free Cash Flow2 generation of the quarter, as a result of cost control and cash preservation measures. 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. These financial �� E-commerce was up strong double digits for the banner. The Sunglasses & Readers division posted revenue down 8.0% (-4.0% at constant exchange rates1). The Equipment division posted revenue down 14.9% (-11.7% at constant exchange rates1). Global net sales of Luxottica 2007-2019; Global revenue of EssilorLuxottica 2018-2019, by geographical area; Global revenue of ... April 10, 2019. Full year 2019 results. Nine-month 2020 revenue by operating segment. Online sales were up strong double digits during the quarter, driven by eyeglasses specialist EyeBuyDirect.com. OneSight also drove charitable impact by donating 70,000 pairs of glasses to people in need during the pandemic. In addition, the Company has undrawn credit facilities of Euro 5.4 billion. 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, �� 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. 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. Wholesale remained under pressure over the period, showing nonetheless progressive improvements compared with the first half of the year. 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. The Lenses & Optical Instruments division posted revenue down 1.8% (up 2.7% at constant exchange rates1). Under COVID-19, the integration process has gained momentum and benefitted from faster decisions. In 2019, EssilorLuxottica had over 150,000 employees and consolidated revenues of Euro 17.4 billion. Its wholesale business was driven by strong momentum in optical frames and the success of new collections, while its retail business benefitted from new store openings. The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica’s brand portfolio. The Retail division was negative in the quarter. a positive mix in all the main divisions, both in terms of products (consumers favoring. 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. Patrick Mahomes, LIV Super Bowl MVP 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). 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. The ClickCheck, a revolutionary new screening tool, was launched by Essilor’s Base-of-Pyramid Innovation Lab. The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica's brand portfolio (see appendix). 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. The chain’s core business of optical progressed nicely with the mix of optical lenses further improved thanks to the effective in-store execution. 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. 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. 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. Uplift in Sales and Net Profit growth Strong foundation to accelerate synergy delivery Revenue growth at constant exchange rates 2 �� 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. 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). Revenue troughed in April before staging a marked sequential recovery from May as the lockdowns were gradually lifted. 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). 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. Good quality results are being achieved. The Sunglasses & Readers division posted revenue down 8.0% (-4.0% at constant exchange rates1). Retail chains located in shopping malls lagged behind during the recovery. Consumables, spares and maintenance services were more resilient. 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. The division benefitted from the restocking activity in all main channels except department stores. sunglasses, shopping malls and lower-tier Chinese cities. 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. Its wholesale business was driven by strong momentum in optical frames and the success of new collections, while its retail business benefitted from new store openings. 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. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. Essilor posted revenue of ��1,162 million, down 40.9 percent from year ago. After a challenging first half of the year, sunglasses sales started to fare better. A conference call in English will be held today at 10:30 am CET.The meeting will be available live and may also be heard later at:https://channel.royalcast.com/essilorluxotticaen/#!/essilorluxotticaen/20201103_1. Global revenue share of EssilorLuxottica in 2019, by geographical �� Multiple digital initiatives rapidly transformed the Company's go-to- market strategy. It is based in Milan, Italy.. As a vertically integrated company, Luxottica designs, manufactures, distributes and retails its eyewear brands, including LensCrafters, Sunglass Hut, Apex by Sunglass Hut, Pearle Vision, Target Optical, Eyemed vision care plan, and Glasses.com. This in turn fostered a recurring consumer appetite for value-added eyecare and eyewear solutions. 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). This was underpinned by the Company's flexible supply chain, which supported all product categories at both global and local levels. * The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica’s brand portfolio (see appendix). 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. Equipment sales were down 28.1% at constant exchange rates1 as cash preservation by its clients during the pandemic weighed on their investments. Back to school performance of the chain was sustained by the “Your Eyes First” campaign, which drove positive doctor appointments and favorable price-mix. Demand for surfacing and coating machines remained subdued. Third-partye-commerce platforms played a role in the recovery, in particular in North America. Sales in Australia also swung back into positive territory thanks to the good momentum of Varilux, Crizal and Transitions lenses. This good performance was made possible by store re-openings in Rio and Sao Paolo and was driven by Kodak lenses in the mid-tier and by blue-cut products, Transitions photochromic lenses and the relaunch of the “Varilux em dobro” promotion in the high-end. 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