EssilorLuxottica: presents financial targets
(CercleFinance.com) - EssilorLuxottica held its 2019 Investor Day in London yesterday, at which it presented its strategic vision.
The net impact of synergies on adjusted operating income is expected to be between 300 million and 350 million euros over the period 2019/2021, and 420 million to 600 million euros by 2022/2023.
The group's long-term financial targets (until 2023, at constant exchange rates and excluding the impact of strategic acquisitions) include sales growth of around 5%, with an increased contribution from direct sales to consumers and high-growth markets, adjusted operating income growth of between 1.0 and 1.4 times sales growth.
The company also expects adjusted earnings to increase by between 1.0 and 1.5 sales growth.
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The net impact of synergies on adjusted operating income is expected to be between 300 million and 350 million euros over the period 2019/2021, and 420 million to 600 million euros by 2022/2023.
The group's long-term financial targets (until 2023, at constant exchange rates and excluding the impact of strategic acquisitions) include sales growth of around 5%, with an increased contribution from direct sales to consumers and high-growth markets, adjusted operating income growth of between 1.0 and 1.4 times sales growth.
The company also expects adjusted earnings to increase by between 1.0 and 1.5 sales growth.
Copyright (c) 2019 CercleFinance.com. All rights reserved.