PARIS (dpa-AFX) - French ophthalmic company EssilorLuxottica (ESLOF.PK,
ESLOY.PK) reported Friday that its third-quarter total revenue declined 1.6
percent to 6.29 billion euros from last year's 6.39 billion euros. Revenues,
however, grew 5.2 percent on a constant currency basis.

In the quarter, the wholesale segment, i.e., Professional Solutions, recorded
revenue of 2.98 billion euros, down 1.7 percent on a reported basis, but up 5.7
percent in constant currency rates.

The retail segment, Direct to Consumer, registered revenue of 3.32 billion
euros, down 1.5 percent on a reported basis, but up 4.7 percent in constant
currency rates.

Among regions, North America's revenues fell 5.6 percent from last year to 2.84
billion euros, while EMEA revenue grew 2.4 percent, and Latin America revenues
increased 4.1 percent. Asia-Pacific revenues were nearly flat.

Further, the company confirmed its target of mid-single-digit annual revenue
growth from 2022 to 2026 at constant exchange rates, based on 2021 pro forma
revenue.

The company also expects to achieve an adjusted operating profit as a percentage
of revenue in the range of 19-20 percent by the end of that period.



Copyright(c) 2023 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX