In Brazil, the solid dynamics through the first nine months eased as the focus shifted to the Transitions® Signature® GEN 8™ launch anticipated in the earlier part of 2020. Including synergies and at constant exchange rates2, it is projecting the following: In addition, due to the COVID-19 outbreak, the Company's current expectation is for revenue growth to be below the annual trend in the first half of the year, followed by a recovery in the second half. Rather, these non-IFRS measures should be used as a supplement to IFRS results to assist the reader in better understanding the operating performance of the Group and should be read in conjunction with EssilorLuxottica consolidated financial statements. July 26, 2018 2018 INTERIM FINANCIAL REPORT ESSILOR INTERNATIONAL Table of contents First-Half 2018 Results News Release First-Half 2018 Report First-Half 2018 Condensed Consolidated Financial Statements Statement by the Person Responsible for the 2018 Interim Financial Report Statutory Auditor’s Review Report on the First-Half 2018 Financial Statements In Retail, Australia and New Zealand kept on a nice growing trajectory in both optical at OPSM, posting the 14th consecutive quarter of positive comps5/sales, and sun business at SGH, consistently in terms of sales and comparable store sales5 growth, reaping the fruits of the store refurbishment program carried out last year. The major transactions are indicated in the table below. Brazil confirmed sound performance in the fourth quarter, even accelerating in retail sales at constant exchange rates2, essentially boosted by SGH comparable store sales5. This brings new perspectives that enrich our decision- making within the Board of Directors – itself very diverse in terms of During the first months of 2019, as a result of the finalization of the sell-out and squeeze-out procedures, the Group incurred a total cash-out of Euro 641. million towards those Luxottica shareholders that tendered their shares against cash and consequently reversed the put liability accounted for as of December 31, 2018. The Retail business had a strong year with Target Optical and EyeMed leading the way at double-digit sales growth. In Asia, Oceania and Africa revenue increased by 6.8% to Euro 756 million (+5.0% at constant exchange rates2). The Lenses & Optical Instruments Division benefitted from the continued momentum from the Transitions® Signature® GEN 8™ launch, both with Independent Eyecare Professionals and through the Company's retail channels. Financial Schedules. The Equipment division had a strong finish to the year in the fourth quarter, following an exceptional third quarter performance. In Latin America, revenue increased by 0.9% to Euro 304 million (+3.8% at constant exchange rates2). In North America revenue increased by 8.5% to Euro 9,154 million (+3.1% at constant exchange rates2). Please attach your CV and letter of motivation which we will review carefully. Revenue was positive throughout the entire year, with comparable store sales5 slightly above the parity in the twelve months. The performance at Sunglass Hut was mixed. The Company announced on December 30, 2019 that it had discovered fraudulent financial activity at an Essilor plant in Thailand. Key milestones in 2019 included the launch of Transitions® Signature® GEN 8TM in the US market, the success of the Vision-R™ 800 phoropter in Europe, double-digit growth both in China, thanks to branded lenses (notably EyezenTM, Crizal® and Varilux®), and Latin America owing to market expansion activities and a new partnership with a key player in the region. Lastly, in keeping with the commitments made to Turkish antitrust authorities at the time of the combination with Luxottica, Essilor divested its subsidiary Merve, which markets sunglasses to consumers in Turkey. This strong dynamic continued in the first few months of 2020. The issuance of the Euro 5 billion bond in November did not have a material impact in 2019. In e-commerce, online sales in Brazil continue to develop rapidly. Selling costs of Euro 4,595 million to support EssilorLuxottica's top line growth, positively impacted by the winding down of legacy operations at Sears Optical Retail. loss on assets disposal for Euro 5 million following the request from the Turkish Antitrust authorities to divest Merve as a condition precedent to approve the combination of Essilor and Luxottica; net loss impact of the change in consolidation scope of one entity for Euro 24 million; distribution of exceptional bonuses to French employees for Euro 2 million. The growth in Wholesale was reinforced by the solid performance in the independent, department store and the third-partye-commerce channels. January 2018 – December 2018 Files. Within the Sunglasses & Readers division, FGX International delivered robust sales, notably in the United Kingdom and Germany. Change in Net Debt (excluding lease liabilities), Acquisition and other investments, net of. This partnership promotes global action on good vision for road users while contributing to the United Nations' Sustainable Development Goals. Consolidated Financial Information for the year ended December 31, 2018, which has been prepared for illustrative purposes only. In North America, Luxottica posted its best year since 2015 in terms of sales growth with Wholesale and Retail both accelerating in the fourth quarter. On December 5, 2019, EssilorLuxottica announced the closing of the disposal of its 100% stake in Merve Optik in Turkey. In Europe revenue increased by 5.7% to Euro 971 million (+4.9% at constant exchange rates2). Shareholders will be offered the option of receiving their dividend in cash or in newly issued shares. With respect to products, performance was driven by digitalization, new generation surfacing machines and coating machines. In this same spirit of raising awareness on good vision, Essilor made presentations in different parts of the world to leverage the report it published on the sidelines of the last United Nations General Assembly session, entitled "Eliminating Poor Vision in a Generation: What will it take to eliminate uncorrected refractive errors by 2050?". The report quantifies the scale of uncorrected poor vision in the world and recommends a cumulative investment of $14 billion over the next 30 years to eliminate it. Essilor International was excluded following their merger. The Instruments business saw strong growth in 2019, fueled by the launch and marketing of two major new products during the year: Visioffice® X, a tool for personalizing lenses in optical stores, and the Vision-R™ 800 phoropter. The current COVID-19 epidemic has a negative impact on the Company's business in Greater China, which represents approximately 5% of consolidated revenue. On January 3, 2020, EssilorLuxottica completed the purchase of a 51% stake in Optical House, the leader in the optical market in Ukraine. Costa made further inroads with Eyecare professionals as well as in sporting goods stores and online channels, while increasing its presence in the United States. Charenton-le-Pont, France (March 6, 2020 - 7:00am) - The Board of Directors of EssilorLuxottica met on March 5, 2020 to approve the consolidated financial statements for the year ended December 31, 2019. "In its first full year, EssilorLuxottica delivered a solid performance. Group net debt amounted to Euro 4,046 million at the end of December 2019, compared to Euro 3,849 at the end of December 2018 (restated following the implementation of IFRS 16, Euro 300 to Euro 350 million in the period. Trends in the Equipment division moderated after a particularly strong third quarter and an elevated prior year comparison base. Annual Shareholders Meeting: May 15, 2020; according to the IFRS consolidated statement of cash flow. The overall increase in Cash and cash equivalents and Other current assets are mainly linked to the proceeds from the issuance of the 5 billion bonds occurred in November 2019 (as described in paragraph 1.2.2). deteriorating further in Retail sales and comparable store sales5. On the opposite, Hong Kong did not improve. By sending the form above, I acknowledge that I have read the Privacy Notice and that I have been fully informed of the terms and conditions under which Essilor International processes my personal data. In 2019, Europe continued to contribute to the overall Luxottica growth, with a positive evolution at both Wholesale and Retail divisions, supported by best-selling proprietary brands (also online) as well as main luxury licenses. Essilor International /fi is primarely in the business of unknown sic - 8880. 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