French ophthalmic lens maker Essilor International SA (EI.FR) Friday reported a 7.8% rise in revenue for the first quarter, boosted by acquisitions and higher sales in emerging markets.

Revenue in the first three months of this year totaled EUR905.8 million.

Acquisitions accounted for 5.1% of the increase in revenue, notably the acquisition of FGX International Holdings Ltd, a North American designer and vendor of nonprescription reading glasses.

Essilor reported EUR18.3 million of sales for FGX International in the first quarter.

The bulk of Essilor's sales are in Europe and North America, where first quarter revenue rose 4.6% and 0.9%, respectively.

Meanwhile, revenue in Asia-Pacific and Africa surged 20% to EUR103.1 million.

Essilor also reported Friday on the progress of its share buyback scheme. Since January, the French company has purchased 1.76 million of its own shares on the market for a total of about EUR79 million.

Net debt amounted to EUR360 million at March 31, Essilor said.

-By William Horobin, Dow Jones Newswires; +33 1 4017 1740; william.horobin@dowjones.com
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