Connect with us

Press Releases

EssilorLuxottica Announces Third Quarter 2020 Revenue

Strong recovery driven by resilient optical business.

mm

Published

on

(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. 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).

“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. They swiftly adapted to a challenging environment and a new way of working, enabling the company to continue its solid recovery.

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.

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.

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.

Combined with our drive to promote our large portfolio of brands, digitalize 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.

Advertisement

Advertisement

SPONSORED VIDEO

Only Varilux® lenses are backed by the patented LiveOptics™ R&D process which tests our lenses on real wearers in real-life conditions to ensure sharper, seamless vision. With Varilux lenses, your patients may even forget they’re wearing glasses. But they’ll never forget it was you who recommended them.
SPONSORED BY ESSILOR

See why choosing Varilux matters

Promoted Headlines

Advertisement

Advertisement

Subscribe


BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Most Popular