The Sunglasses & Readers division posted revenue down 8.0% (-4.0% at constant exchange rates1). 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. 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. In parallel, the Company leveraged its unique ability to engage with independent eye care professionals. Post-lockdown conditions revealed the strong entrepreneurial spirit driving ECPs and their ability to adapt swiftly to the new business environment. Online sales showed strong momentum in prescription eyeglasses. Third-quarter 2020 revenue by geographical area. Certifications; Energy Management; Sustainability Stories The Company continues to approach the next few months with prudent confidence. The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica's brand portfolio (see appendix). Instruments sales were also back into positive territory in September as opticians were eager to start investing again to further improve consumer experience. In the last few months, the need for good vision confirmed its resilience and structural characteristics despite a volatile health and business environment. Third Quarter 2020 RevenueStrong recovery driven by resilient optical business. It is classified as operating in the Eye Glasses & Contact Lens Stores industry. The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica's brand portfolio (see appendix). All entities improved sequentially. 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. The performance at Sunglass Hut Brazil then started to progressively recover resulting in positive adjusted comparable store sales4 in the month of September. In Europe, revenue decreased by 0.2% (up 1.2% at constant exchange rates1). 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. Revenue of the eyewear market worldwide by country 2019; Global Rx sunglass market revenue in 2019 ... Luxottica, & EssilorLuxottica. Back to school performance of the chain was sustained by the “Your Eyes First” campaign, which drove positive doctor appointments and favorable price-mix. The Equipment division posted revenue down 14.9% (-11.7% at constant exchange rates1). All entities improved sequentially. 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. New products were also supportive of the mix with Transitions GEN 8, AVA lenses and VR-800 measuring instruments continuing their ramp-up. 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 are part of the EssilorLuxottica family. 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). Yarui Xiamen Optical (Bolon)’s optical frames and MJS’s online platforms kept attracting strong consumer demand. The Lenses & Optical Instruments division posted revenue down 1.8% (up 2.7% at constant exchange rates1). For the first time, Essilor and Luxottica jointly launched a customer-facing fundraising campaign, leveraging the network of approximately 60 LensCrafters stores in China. 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 ��� Post-lockdown conditions revealed the strong entrepreneurial spirit driving ECPs and their ability to adapt swiftly to the new business environment. Uplift in Sales and Net Profit growth Strong foundation to accelerate synergy delivery Revenue growth at constant exchange rates 2 ��� This was underpinned by the Company’s flexible supply chain, which supported all product categories at both global and local levels. 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. 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. 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. Sales in Australia also swung back into positive territory thanks to the good momentum of Varilux, Crizal and Transitions lenses. The Retail division registered revenue down 8.3% (-4.6% at constant exchange rates1), with the number of open corporate retail locations going from 90% of the total at the beginning of the period to more than 95% at the end of the quarter. They swiftly adapted to a challenging environment and a new way of working, enabling the company to continue its solid recovery. To continue reading it, access the original document here. 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. 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. 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. 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 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. The performance in Japan suffered from weak traffic in particular in department stores as well as from lower tourism flows. 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 limited time offer for independent eye care practices will be available from July 1 through September 30, 2020. Storesthat are or were temporarily closed due to the COVID-19 crisis are excluded from the calculation for the duration of thestore closure. Equipment sales were down 28.1% at constant exchange rates1 as cash preservation by its clients during the pandemic weighed on their investments. Under COVID-19, the integration process has gained momentum and benefitted from faster decisions. Adjusted comparable store sales4 were down 6.4% in the quarter. 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. Retail was equally down, with all countries in the region suffering especially in the beginning of the quarter. 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. Good quality results are being achieved. ClickCheck is an invaluable innovation that enables vision screening anytime, anywhere, because it is portable, easy to use and does not require electricity to operate. 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. Wholesale remained under pressure over the period, showing nonetheless progressive improvements compared with the first half of the year. Strong recovery driven by resilient optical business. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. Third-party e-commerce platforms played a role in the recovery, in particular in North America. 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. 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. These financial ��� 3Q 2020 Revenue 1 ESSILORLUXOTTICA 3Q 2020 REVENUE. Wholesale revenue was down 30.4% at constant exchange rates1. E-commerce was up strong double digits for the banner. By countries, the business was supported by a material rebound in several key markets: France thanks to the success of the multi-network distribution strategy, Italy, the Nordics, the Benelux and Eastern Europe. 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. 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). 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. Blue-cut lenses benefitted from intense screen usage in the new COVID-19 environment. The divisional performance was also supported by a consistent pricing strategy, despite the generally more promotional environment. Third-partye-commerce platforms played a role in the recovery, in particular in North America. Distributed by Public, unedited and unaltered, on 03 November 2020 06:19:03 UTC, Revenue down 1.1% at constant exchange rates, Optical business and developed markets back to. “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. Salmoiraghi & Viganò consistently improved, getting closer to flat adjusted comparable store sales4 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, ��� 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 ��� 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 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. solutions) and trade channels (independent ECPs driving the recovery). 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. Patrick Mahomes, LIV Super Bowl MVP Multiple digital initiatives rapidly transformed the Company's go-to- market strategy. Continuously evolving and adapting its social impact actions, the Company has developed a third complementary pillar of access creation: creating access in small towns by structuring unorganized and informal optical channels, including some without any physical shops, through technical and business skill training, marketing support as well as access to products and supply chain. The Wholesale division returned to growth with independents and saw favourable trends in the Italian, German and French markets whilst softness persisted in Spain and the UK. This strategy has created powerful impact in China with over 2,400 such access points being created to date. The rest of the region posted mixed performances, with sales in India, Indonesia and the Philippines still negatively impacted by COVID-19. Australia remained the most resilient market, with sales growth at constant exchange rates1 and adjusted comparable store sales4 both in positive territory. 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