Essilor 3Q Revenue Rose Amid Multiple Headwinds
24 Ottobre 2017 - 7:55AM
Dow Jones News
By Alberto Delclaux
Essilor International SA's (EI.FR) third-quarter revenue rose
despite negative effects from currency movements, natural disasters
and tax reform, it said Tuesday.
Revenue for the period grew to 1.75 billion euros ($2.06
billion) compared with EUR1.72 billion a year earlier.
Like-for-like sales were up 2.5% for the manufacturer of ophthalmic
lenses.
The French company estimates that the overall rate of revenue
growth was stunted by more than 50 basis points due to the tax
reform in India--which disrupted on mid-range product sales and
distribution--as well as the weather events in the Americas.
Essilor expects to deliver constant-currency revenue growth of
between 6% and 7% for the year, with like-for-like growth of around
3%.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
October 24, 2017 01:40 ET (05:40 GMT)
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