EssilorLuxottica: Q1 sales down 10%
(CercleFinance.com) - EssilorLuxottica has announced that its Q1 2020 sales has fallen by 10.
1% to 3,784 million euros (-10.9% at constant exchange rates), "revealing good resistance in the current unprecedented global crisis."
"The first quarter of 2020 was marked by solid trends until March, followed by a rapid decline in most markets due to store closures related to the COVID-19 pandemic," the optical group said.
The Franco-Italian group says that it is "likely that second quarter revenue and profitability will still be negatively impacted by the crisis, and more severely so than in the first quarter".
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