French optical lenses maker Essilor International SA (EI.FR) Wednesday said its net profit in 2010 rose 19% compared with 2009 to EUR462 million.

MAIN FACTS:

- The company's total revenue in 2010 was EUR3.89 billion, up 19% from EUR3.27 billion in 2009. Earnings per share rose 17% to EUR2.20 and the company's free cash flow was EUR480 million compared with EUR390 million in 2009.

- In 2010, the ophthalmic optics market remained buoyant in fast growing countries and saw a gradual recovery in developed markets, Essilor said.

- Essilor took advantage of its balance sheet to carry out acquisitions in 2010. Organic revenue growth in 2010 was 6.1%, the remaining comes from acquisitions mainly in fast-growing markets.

- Essilor's board of directors proposed the company to pay EUR0.83 per share as dividend. This dividend would be 19% higher than the one for 2009.

- Overall, the Company forecasts revenue growth of 6% to 8%, excluding the currency effect and strategic acquisitions, with margins maintained at current high levels excluding strategic acquisitions.

- In 2011, further improvement is expected in the global economic environment. The ophthalmic optics market continues to benefit from structural trends related to the aging of the population, the growth of the middle class and a low penetration rate for value-added products.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; inti.landauro@dowjones.com
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