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Essilor: FY earnings up 2.5%

(CercleFinance.com) - Essilor has announced FY 2017 net income, group share that is up 2.
5% at 833 million euros, with an adjusted contribution from the business of 18.3% of sales, down 30 basis points.

The ophthalmic lenses giant, which over H1 will merge with the Italian eyewear company Luxottica, posted turnover of 7,490 million euros, up 3.1% on a homogeneous basis, including dynamic performance in the US and its e-commerce activities.

For 2017 its board of directors will propose a dividend of 1.53 euro per share, up 2%. In 2018 Essilor targets sales growth on a homogeneous basis, of around 4%, with an adjusted contribution from operations of at least 18.3% of revenues.

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