EssilorLuxottica: H1 adjusted net income up 6.8%
(CercleFinance.com) - EssilorLuxottica has reported H1 2019 adjusted net income of 1,099 million euros, up 6.
8% (+1.9% at constant exchange rates) and an adjusted operating margin of 17.2%, down 0.5% compared to the pro-forma 2018 level.
The optical giant's sales reached 8.776 million euros, up 7.3%. At constant exchange rates growth reached 3.9% over the period, having accelerated from 3.7% in Q1 to 4.1% in Q2.
Including synergies, and at constant exchange rates, in 2019 the Franco-Italian group expects sales growth of between 3.5% and 5%, with growth in adjusted operating income of 0.8-to-1.2 times that of sales, with adjusted net income of 1 to 1.5 times that of sales.
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8% (+1.9% at constant exchange rates) and an adjusted operating margin of 17.2%, down 0.5% compared to the pro-forma 2018 level.
The optical giant's sales reached 8.776 million euros, up 7.3%. At constant exchange rates growth reached 3.9% over the period, having accelerated from 3.7% in Q1 to 4.1% in Q2.
Including synergies, and at constant exchange rates, in 2019 the Franco-Italian group expects sales growth of between 3.5% and 5%, with growth in adjusted operating income of 0.8-to-1.2 times that of sales, with adjusted net income of 1 to 1.5 times that of sales.
Copyright (c) 2019 CercleFinance.com. All rights reserved.