EssilorLuxottica: Q3 sales up 8.4%
(CercleFinance.com) - EssilorLuxottica has posted Q3 sales of 4,310 million euros, up 8.
4% as reported and up 5.2% at constant currencies, hence largely exceeding its growth target range of 3.5% to 5%.
"The acceleration versus the first and the second quarter (3.7% and 4.1%, respectively) was primarily driven by the Lenses & Optical Instruments and Retail divisions," the Franco-Italian optical group said.
Including synergies, and at constant exchange rates, the group confirms that it expects 2019 sales growth of between 3.5% and 5%, and adjusted operating income and adjusted net income of respectively of 0.8x to 1.2x and 1x to 1.5x sales.
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4% as reported and up 5.2% at constant currencies, hence largely exceeding its growth target range of 3.5% to 5%.
"The acceleration versus the first and the second quarter (3.7% and 4.1%, respectively) was primarily driven by the Lenses & Optical Instruments and Retail divisions," the Franco-Italian optical group said.
Including synergies, and at constant exchange rates, the group confirms that it expects 2019 sales growth of between 3.5% and 5%, and adjusted operating income and adjusted net income of respectively of 0.8x to 1.2x and 1x to 1.5x sales.
Copyright (c) 2019 CercleFinance.com. All rights reserved.